Audi India sales grow 33% to 7,027 units in FY24
The brand retailed 1,046 units in Q1 2024 in spite of facing challenges in sales compared to the corresponding period in the previous year, primarily due to supply chain disruptions.
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Luxury car sales could breach 50,000 units mark for first time ever in 2024: Audi India head
Luxury car sales in India are on track to surpass 50,000 units for the first time in 2024, a milestone driven by increased demand. Audi India's head predicts this growth, citing a 28% annual increase in the luxury car segment in 2023. Despite supply chain challenges, the industry aims for sustained growth. Audi and Mercedes-Benz have reported significant sales increases, with Audi seeing an 89% growth and Mercedes-Benz achieving its best-ever sales year in India.
Future of vehicles is electric, India's import duty sops a positive, say Audi top execs
India on Friday slashed import duties on premium electric vehicles produced by carmakers that commit to invest at least USD 500 million and start domestic manufacturing within three years to 15% from 100% (on cars priced upwards of USD 40,000) or 60% (for those priced below that threshold), a move that may pave way for Tesla's entry into the country.
Audi to drive in over 20 new models by 2025-end: CEO Gernot Dollner
Audi CEO Gernot Dollner announced plans to introduce over 20 new models by the end of 2025 and electrify all core segments by 2027, with a capex of EUR 41 billion for 2024-2028. The company will invest EUR 11.5 billion in ICE and PHEV segments and EUR 29.5 billion in BEVs and digitization.
Audi unveils upgraded A3 series and introduces A3 allstreet crossover
The A3 allstreet, a new crossover model, offers an SUV-like driving experience with a distinctive off-road look and higher ground clearance. Notable features include selectable daytime running light signatures, up to four digital options, and an integrated Audi store for personalized digital experiences.
Audi speeds up preparations to enter Formula 1 and expands commitment
Product and technology as well as the stronger positioning of the Audi brand on the global stage are in focus. Against this backdrop, the Members of the Supervisory Boards of AUDI AG and Volkswagen AG have now decided to strengthen the commitment to Formula 1 and accelerate the preparations for the start of the 2026 season, the company said.
Audi charging hub in Frankfurt is easy, fast, and without barriers
For the charging hub, Audi uses second-life batteries from disassembled test vehicles. As a result, Audi can use the low voltage connection available on site and does not need to install an additional transformer.
Audi Q2 models to get infotainment system update
Audi Q2 will come with the Audi virtual cockpit and an 8.8-inch touchscreen as the central control unit for the MMI. A convenient storage compartment replaces the previous rotary/push button. The base price for the Audi Q2 is EUR 28,600 .
Massimo Frascella to succeed Marc Lichte as Head of Design at Audi from June 1, 2024
Frascella, alumnus of the Istituto d`Arte Applicata & Design in Turin, began his career at Stile Bertone. Positions at Ford Motor Company and Kia followed. Since 2011, Frascella (52) held leading roles at Jaguar Land Rover, most recently as Head of Design for both the brands.
Volkswagen announces second phase of Mexico investment of around USD 1 bn
In a statement, the company did not offer further details on what kind of EV production it will undertake at its sprawling complex in central Puebla state.
Red Sea crisis impacting supply chain, expect recovery in coming months: Audi India Head
Container vessels have been facing attacks in the Red Sea, one of the most important trade routes in the world, since November last year following Israel's war against Hamas. Deliveries to customers for certain models at present have been delayed by a few weeks, Audi India Head Balbir Singh Dhillon noted.
Revised Audi Q7 priced from EUR 79,300 comes with new design, technology
The fresh exterior design with new front and rear sections underscores the powerful character of the SUV, which offers first-class versatility and generous space for up to seven passengers, the company said.
Chinese EV giant BYD expects record net profit for 2023
The group said in an earnings preview that it expects net profit for last year to fall between 29 and 31 billion yuan (USD 4.1 to 4.4 billion dollars) -- an increase of between 74.5 and 86.5% as compared with the year before, the company said.
Carmaker Audi's Mexico union workers strike over contract disagreements
Approximately 1,000 workers were protesting outside of Audi's plant in the central state of Puebla, while shouting "we are workers, not beggars."
Volkswagen Group's auto sales in India rise to 1,45,713 units in 2023
European auto major Volkswagen Group's car sales in India grew around 8% year-on-year to 145,713 units in 2023. Of this, domestic sales stood at 101,465 units, while 44,248 units were exported. The group maintained steady sales momentum in 2023, with domestic sales soaring past 100,000 units for the second year in a row. Exports grew 32% year-on-year with 44,248 units shipped from India, underlining the company's expanding global reach.
Volkswagen sales growth driven by mass-market brands, Audi
Volkswagen's proportion of battery-electric vehicle (EV) sales was lower than its German competitors at 8.3%, after it was forced to cut shifts and staffing at EV-producing plants late last year when demand was not developing as expected.
Audi India retail sales up 89% at 7,931 units in CY2023
The positive growth followed on the back tron hub in BKC Mumbai & ‘ChargemyAudi’ with 1,000+ charging points of three new product launches: Audi Q3 Sportback, Audi Q8 e-tron, and Audi Q8 Sportback e-tron, along with continued demand for the best-selling Audi A4, Audi A6, Audi Q5, the company said.
Volkswagen Group to adopt Tesla's EV charging standard
The German automobile giant said late Tuesday that future vehicles in its portfolio of brands, including Audi, Porsche and the group's Scout Motors will get the NACS charge port built-in starting in 2025 in the US, reports Morningstar.
Carmakers foot German EV subsidy bill after state backs out
The economy ministry halted the seven-year scheme on Monday as part of 2024 budget it was forced to revise after a court ruling blew a 60 billion euro (USD 65.77 billion) hole in its plans. The scheme had offered up to 6,750 euros funded by the state and carmaker depending on the value of the EV.
Huawei approaches Audi, Mercedes about smart car investment, sources say
The Chinese technology giant said last month it will spin off its four-year Intelligent Automotive Solution (IAS) business unit which is seeking to become the dominant supplier of software and components for smart electric vehicles (EVs). Sources have previously said the unit will be valued at somewhere between USD 28 billion and USD 35 billion.
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