New Audi Q3 35 TDI Quattro is fun to drive

The popular Audi Q3 sports utility vehicle or SUV is quite an important car in the German carmaker's Indian portfolio to woo young and successful professionals as well as business entrepreneurs.

Undoubtedly, the baby SUV has received tremendous success in Asia’s third biggest car market. Despite being a 5-year-old SUV, updates of the vehicle have kept the Audi Q3 relevant and appealing.

The Audi Q3 SUV has received a facelift and the refreshed line-up also gets a new diesel motor.

Maserati offers brand new sedan Ghibli at Rs 1.33 crore

Italian super sports car maker Maserati, owned by Fiat Chrysler, introduced a new 2018 version

of its best selling sporty sedan Ghibli priced between Rs 1.33 crore and Rs 1.42 crore in India.

The two new distinctive trims in the model range are the GranLusso and GranSport.

The new Ghibli sedan boasts of glorious style, high-powered luxury and peerless comfort over almost any distance. The model also flaunts significant exterior restyling and a rich array of hi-tech contents.

Jaguar XE and XF sedans now get Ingenium petrol motor

Tata Motors-owned British luxury marque Jaguar Land Rover has launched Jaguar XE and Jaguar XF sedans in India with new light-weight petrol engine to boost sales in Asia’s third biggest economy.

The Mumbai-based auto major has replaced its aging 2.0-litre turbo-petrol motor with their new Ingenium petrol motor, which has a similar capacity.

The new light-weight petrol engine made its way in the recently launched Land Rover Velar, the sports utility vehicle.

Suzlon to build TWO wind projects in Gujarat

Wind turbine maker Suzlon Energy, the fifth largest player globally, on Monday said it has won two wind power projects totaling 500 megawatts, which would earn it total revenues of about Rs 3,250 crore.

The Pune-headquartered renewable energy solution provider said it has won two wind power projects of 300 MW and 200 MW.

The company will install 238 units of S111 140m wind turbine generators (WTGs) with rated capacity of 2.1 MW each, Suzlon said in a statement.

The projects will be located at Kutch district in Gujarat, it said.

TVS launches Apache RTR 160 4V

TVS Motor, India’s fourth biggest motorcycles maker by sales, has introduced the new third generation bike the TVS Apache RTR 160 4V, the bike that started the TVS Apache family in 2005.

The Chennai-based two-wheeler major claims that it is the most powerful 160cc motorcycle in the segment in the country.

The company is targeting sales of 5,00,000 unit under its Apache RTR brand this fiscal, and expects the new Apache RTR 160 4V to be a strong volume grosser.

Volkswagen unveils premium hatchback Polo Pace and mid-size sedan Vento Sport

Volkswagen, Europe’s biggest car maker by sales but struggling to make a mark in the fiercely competitive car market in India, has launched a limited-edition model of the premium hatchback Polo Pace and mid-size sedan Vento Sport with a host of new features to boost its sagging sales.

The combined sales of Polo and Vento has come down to almost 2,000 units a month, which is almost a one tenth of monthly volumes of market leader Maruti Suzuki’s popular model Swift and Ciaz.

Eicher ends Polaris JV, Multix dumped

Eicher Motors, the listed parent of Royal Enfield motorcycles, will shut down Eicher Polaris, its six-year joint venture with USA’s Polaris Industries Inc as the sales of Multix, a personal utility vehicle made by the venture, dropped to unsustainable levels in India.

The equal joint venture was incorporated in 2012 and its sole product, Multix, was launched in 2015 from its factory on the outskirts of Jaipur in Rajasthan.

Suzlon to set up 36 wind units for Maharashtra utility

Wind turbine maker Suzlon Energy, the fifth largest player globally, has signed a 75 megawatt repeat order for wind power project contract from an independent power producer, which would earn it total revenues of about Rs 487 crore.

The project, won in bid from the Maharashtra State Electricity Distribution Company, entails installation of 36 units of S111-140m wind turbine generators (WTGs) with a rated capacity of 2.1 MW each, said the Pune-headquartered wind power major.

Eyeing a robust growth

The Indian scooter market is maturing and continues to grow robustly with automobile companies expanding their product portfolio to lure buyers in Asia’s third biggest economy.

Undoubtedly, scooterisation has taken a firm grip in India and the segment is firing on all cylinders. The scooter segment is growing faster than the traditional motorcycle segment in the country with more women and men buying scooters rather than motorcycles.

High-end hype

While the overall demand for luxury residential property in Asia’s third biggest economy has been dampened by the impact of demonetisation and the newly introduced Good and Services Tax (GST) regime, it was mainstream luxury, also considered an investment asset class in the past, which was affected the most.

Moreover, this segment is also at least partially driven by home loans and not solely by private wealth.