Audi and SAIC will develop models built on new architecture called the Advanced Digitized Platform, which "enables Audi to significantly reduce time-to-market by more than 30%," the Germany legacy marque said in a statement.
Car manufacturers are adopting sophisticated glass coatings to maintain cool temperatures inside vehicle cabins, reducing the reliance on air conditioning as temperatures soar above 45°C in certain Indian cities during the summer. This initiative coincides with the trend towards larger vehicles like SUVs and electric models, which demand more battery pack space, resulting in larger glass surface areas and thermal loads
Premium vehicles priced at more than 50 lakh currently make up as much as 60% of sales at these companies, attracting a broader set of buyers including families and adventure enthusiasts, according to data collated by Jato Dynamics. Versatility and imposing road presence of SUVs over luxury sedans is finding increasing favour among Indian buyers.
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.
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.
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 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.
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.
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.
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 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 .
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.
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.
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.
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.
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.
Approximately 1,000 workers were protesting outside of Audi's plant in the central state of Puebla, while shouting "we are workers, not beggars."
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'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.
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.
Audi's balance sheet, profit & loss figures and Financial Ratios
Get plant information and details for Audi
Know the direct, tier 1 and foreign suppliers for Audi
Which business is the best revenue generator for Audi
Audi's subsidiaries, Joint Ventures, Associates & Signatories
Passenger Vehicle / Commercial Vehicle / Two Wheelers / Automotive / Components / Industry / Tyres / Aftermarket / Policy / Auto Technology / People Movement / Oil & Lubes / New Launches / Raw Material / Financial Results / Auto Finance
Trends / IndustrySpeak / International / Careers / Data & Analytics / Jobs / ETAuto TV / Autopreneur / Interviews / ETAuto Insights / Data / Reports
Retail News / Health News / Telecom News / Energy News / IT News / Real Estate News / Marketing & Advertising News / Technology News / IT Security News / Government News / ETMasterclass News / ET Campus Stars News / Textile News / Sports News / Hotelier News / Facilities News / Fashion News / ElectronicsWorld News / Salon News / Aviation News / WasteManagement News / Light News / Construction News / Packaging News / Safety News / Shipping News / Hospitality News / Travel News / HR News / Pharma News / Legal News / Virtual Conference News / BU News / Water News / Retail News / Virtual Conference News / Infra News