For the first time in history, the luxury car market is poised to cross the sales mark of 50,000 units in 2024, with Mercedes leading the way
The rise of startups and a thriving entrepreneurial culture in Tier-II and Tier-III cities is contributing to the increasing sales of high-end cars.
Lamborghini has sold 10,112 cars worldwide -- so India's 100 is certainly a big deal for them. But how big a deal is it for us to peg our consumption theories around, asks Rama Bijapurkar.
Luxury carmaker Lamborghini has announced that its hybrid super sports car, Revuelto, is sold out in India and globally for 2024. The strong demand for the Revuelto is driven by a growing number of new customers, including a 20 per cent increase in first-time buyers in India. Lamborghini is also evaluating the possibility of opening new dealerships in smaller towns in eastern and southern India within the next one to two years.
Rohit, the Pune Mirror newspaper reported, was driving his Lamborghini at speeds of 200km/h, at times touching 215km/h on the Mumbai-Pune expressway.
Gayatri and Vivek are doing fine, according to his office.
Lenders have alleged that Byju's hid $533 million in an obscure three-year-old hedge fund to avoid it being seized to make up for a loan default, but the ed-tech titan claimed its agreement with lenders did not explicitly proscribe movement of funds. Byju's US-based subsidiary Alpha Inc transferred more than half a billion dollars to Camshaft Capital Fund in 2022, Bloomberg reported, citing a lawsuit in US court. The investment firm, founded by William C Morton when he was just 23 years old, received the funds despite an apparent lack of formal training in investment.
No stranger to the Cannes red carpet, Neelam Gill rubbed shoulders with the fashion world's biggies like Adrianna Lima and Karlie Kloss.
Many of these companies have a waiting period from 6-18 months now, indicating a rise in demand.
SEE How a Maruti Swift became a 'Lamborghini'. WATCH Leopard cubs reunited with mom. SEE India's first multi-faith crematorium. The Best Videos This Week.
Lamborghini is focusing on bringing its new car models to India faster after the global launch of its Huracn Tecnica, its country head Sharad Agarwal said on Thursday, adding there is a lot more scope for the company to expand in tier I and II cities. "Typically, in the premium and luxury car segments, there is a lag of six to 18 months between a global launch and India launch," he said in an interview to Business Standard. The Italian carmaker launched the two-seater track-focused performance car - the Huracn Tecnica - here on Thursday four months after its global unveiling.
Lamborghini super sports cars queue before the start of the Lamborghini Bull Run in Kolkata
Following the money and freezing anything unaccounted is the only way to set an example for others, suggests Debashis Basu.
'It would have been easy to make a small film with Tiger in a basti or an action film like Pushpa which was all mud, grunge and a repeat of what I had done before.'
Idiocy is the source of Heropanti 2's outdated thrills, observes Sukanya Verma.
CURVV, currently in its production-ready avatar, will first be made available as an electric vehicle, to be followed by its internal combustion engine counterpart.
'Approach people with respect, mindful that they know their job better than you do, and that you're not superior to them just because you may be better educated or their boss.' Skoda Auto VW India MD Gurpratap S Boparai cites his management credo to Pavan Lall.
Owners of 50 Lamborghinis take part in a 400-km rally as it reaches its final destination in Shimla on Monday, November 29.
With cars like the Toyota Corolla and the Honda Civic selling in very small numbers and potentially even being phased out, the Octavia has very little competition, says Pavan Lall.
Mercedes-Benz, Ferrari, Porsche and Lamborghini are some marquee badges that have introduced track cars to excite hard-core customers who want to push their cars to the limit, says Pavan Lall.
However, it has an auditory feature that throws up a soft but audible whirring sound like a spaceship while driving as well as a different tone on the outside to let bystanders know a car is on its way, says Pavan Lall.
With growing revenues, a spreading business empire, and surging aspirations, companies are seeing a strong demand for luxury products from Tier 2 and Tier 3 cities.
Italian super sports car maker Lamborghini is looking at a record year in India in terms of sales, riding on a V-shaped recovery in demand post Covid-related disruptions and positive sentiments in view of strong vaccination drive, according to a senior company official. The company, which sells a range of super luxury cars priced between Rs 3.15 crore and Rs 6.33 crore, is looking to beat its best-ever performance in the country recorded in 2019 when it sold a total of 52 units. It is already witnessing over 20 per cent growth in its business in 2021 as compared to 2019.
Rediff.com Contributing Photographer Pradeep Bandekar caught glimpses of these stars on Monday.
Czech automaker Skoda on Monday forayed into the midsize SUV segment in India with the launch of its new offering Kushaq, priced between Rs 10.5 lakh and Rs 17.6 lakh (ex showroom Delhi).
'Bumrah is unique and at the moment, he is one of the best.'
The new car market is estimated at around 30,000 units a year in sales in a good year, whereas the used car market for luxury vehicles is estimated at around 60,000 cars annually.
Photographer Pradeep Bandekar is not telling us how he knows where the stars are.
Kartik buys a Lamborghini Urus for Rs 4.5 crore!
Czech automaker Skoda on Thursday globally unveiled its all new SUV Kushaq which would take on the likes of Hyundai Creta and Kia Seltos in the fastest growing mid-sized SUV segment in the domestic market. The model is the first production car as part of the company's India 2.0 project. Under the lead responsibility of Skoda Auto, Volkswagen Group is investing 1 billion euros in its model campaign in the Indian subcontinent to strengthen its presence.
A flurry of new models like the Huracan STO, Huracan EVO RWD Spyder will arrive in India in 2021.
Sukanya Verma presents a DDLJ special quiz to test your knowledge about one of Hindi cinema's most successful films of all time.
The 2-door vehicle may finds its way back in India with the launch of the all-new Thar by Mahindra and Mahindra, says Rajesh Karkera.
The Bentayga can go from a standstill to 100 km/hr in 4.5 seconds, and, if you can keep your foot down, the speedometer will climb all the way to 290 km/hr!
Sushant once shared his dreams with the world. While he managed to fulfill some, he had wanted to do so much more.
The German luxury automaker has already seen its online traffic increase 10-fold this year. Though that has not always translated into sales, Mercedes-Benz says it is continuing to build on what it calls its "touch-free" experience to stay plugged into its consumer base. Under the used car business, more than 150 cars were sold online in January and February.
The number of participating automakers has fallen from 50 in 2018 to 30 this year. The count of exhibitors, including technology companies, has come down from 119 to 112. And showstopper luxury and supercar brands, including Toyota, Jeep, Lamborghini, Porsche, and Volvo will be missing. Similarly, the commercial vehicle makers also gave the show a miss -- a prolonged economic slowdown has dented their fortunes and near chances of any recovery.
The family that used to make the legendary sports car wants to bring the same design panache to luxury flats.
'Trump's sparring with China is good for business,' Raymond's CMD tells Pavan Lall.
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