Pune

The new Audi Q5 is fun to drive

Audi, India’s third luxury car maker by sales, replaces its best-selling sports utility vehicle or SUV Q5, but does the more sophisticated all-new second generation Q5 make it a more compelling option than the Mercedes-Benz GLC, Land Rover Discovery Sport, BMW X3 as well as the newly launched Volvo XC60 in India?

If the Audi Q7 is too big, which it is, and the Audi Q3 a bit too small, then the German brand has brought in the Q5 in diesel to choose for now. Petrol version will follow later.

Lexus drives in hybrid sedan at Rs 1.77 crore

Lexus, the luxury brand of Japanese auto giant Toyota, on Monday expanded its product portfolio by launching hybrid electric saloon LS500h, priced between Rs 1.77 crore and Rs 1.94 crore, to boost sales in Asia’s third biggest economy. The 5th-generation LS500h sedan, which promises to elevate the luxury commute, will be imported from the firm’s factory in Japan and delivery would begin from April.

The flagship sedan is also produced at the US and Canada factories, which account for 50 per cent of the global sales.

Hyundai brings in NextGen Verna

Hyundai Motor, India’s second biggest carmaker by sales on Wednesday introduced two new variants with 1.4 litre new kappa dual VTVT petrol engine in the new 5th generation sedan Verna to boost sales in the fiercely competitive Asia’s third largest car market. What is significant is that the 1.4-litre Hyundai Verna will be Rs 20,000 cheaper than the 1.6-litre version, which will help the carmaker to boost its sagging sales of this model. The car will take on the likes of the Honda City, Maruti Suzuki Ciaz and the Volkswagen Vento.

Bajaj unveils 2018 Discover 110 and 125

Bajaj Auto, India’s third biggest motorcycle maker by sales, on Wednesday launched the new 2018 Bajaj Discover 110 and the refreshed Discover 125 motorcycles in India to boost sales. In fact, The Pune-headquartered motorcycle specialist has revived the Discover 110 cc motorcycle once again to take on the commuter segment more competitively against its archrival Hero MotoCorp and Honda and TVS in the country.

Luxury cars overtake budget cars in speed of growth

For the first time, robust sales of luxury cars like Merced00es-Benz, BMW, Audi, Jaguar Land Rover and Volvo Cars have beaten the growth in mass market cars in Asia’s third biggest economy.

Sales of luxury cars jumped to an estimated 15 per cent to 38,659 units in calendar year 2017, while the mass market cars likes Maruti Suzuki, Hyundai, Honda, among others, grew by just 9 per cent to 2.98 million units in 2017.

Mercedes retains leadership again

German luxury car maker Mercedes-Benz has retained its pole position for a third year in a row even as compatriot archrival and second biggest luxury car maker BMW and Audi increase their sales in a fiercely competitive luxury car market in the country.

BMW on Thursday said it sold 9,800 cars, including its Mini brand in calendar year 2017, clocking notable 25 per cent growth as against 2016. While BMW sold 9,379 cars, the Mini brand sold 421 units, a 17 per cent growth in 2017.

Volkswagen India charts out growth path

German car giant Volkswagen, which has been struggling to make a mark in the fiercely competitive car market in the country, dominated by market leader Maruti Suzuki and Korean brand Hyundai, is gradually on the growth track.

But in a strategic move, adopted by the company a couple of years back, that growth is coming more from exports than sales in Asia’s third biggest car market due to lack of new models to woo price conscious buyers in the country.

Luxury Wheels for 2018

The luxury car makers from German Audi, Mercedes-Benz, BMW, Tata Motors-owned British iconic sports car maker Jaguar Land Rover, to Japanese Lexus, and Swedish Volvo are all set to introduce brand new exciting cars during 2018 to woo buyers and set the sales charts on fire.

Audi will launch the all-new second-generation Audi Q5 in the Indian market on January 18. It popular sports utility vehicle (SUV) is slotting between the Q3 and Q7, and the new car is most likely to be priced between Rs 48 lakh and Rs 55 lakh.

Car sales in top gear, to cross 3.4m mark on rural, semi-urban demand

Carmakers in India, the world’s fifth biggest car market, are all set to record their best ever financial year sales this year and cross last fiscal’s 3.4 million mark. Industry honchos and experts said with positive market sentiment and demand picking up in semi-urban and rural markets, car sales this fiscal would cross historical peak sales of 3.4 million recorded last year.

Atlas Copco arm aims at doubling revenue to Rs 2K cr

Epiroc Mining India, the mining and infrastructure specialist and the subsidiary of Swedish 11-billion-euro Atlas Copco, compressor and mining gear maker, is targeting to double its revenue to around Rs 2,000 crore over the next three-five years.

“With double-digit growth over the last several years, we will be able to double our sales revenues in India and cross Rs 2,000 crore over the next three-five years,” Jerry Andersson, the new managing director at Epiroc Mining India told Financial Chronicle.

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