Hero Group today pulled out of its joint venture with commercial vehicle maker Daimler, blaming the economic slowdown for the exit. The joint venture was floated to make trucks in India.Read Full News
German automobile major Porsche is planning to set up an outlet in Calcutta by 2010. “We are hopeful of having a dealership in Calcutta by 2010,” Rod Wallace, managing director of Precision Cars India, told The Telegraph. Read Full News
German auto major Porsche's upcoming model Panamera will be available in the Indian market by October this year in the price range of Rs 14.17-Rs 20.18 lakh, a top official said on Tuesday. Read Full News
Motor wonder Nano has caused quiet a stir of elation in Delhi enthusiasts for its promise of enabling people to own a car. A motor gift by Tata to the middle class for whom owning a car was a distant dream owing to the involvement of huge money and is expected bring about changes in the auto market in India.Read Full News
Mercedes-Benz India is planning to tie up with state transport undertakings to sell low-floor buses. The company started rolling out buses last year. “After launching inter-city luxury coaches, we are now looking at other segments such as intra-city luxury buses, low-floor city buses and three-axle buses,” Manas Dewan, GM (corporate communications) of Mercedes-Benz India, said at the launch of the SUV M-Class in the city today.Read Full News
High demand for second-hand luxury cars entices Daimler Benz, BMW and Porsche. A robust growth in demand for pre-owned cars and sports utility vehicles in the domestic market has enticed the country’s premium auto makers to join the party.Read Full News
Mercedes Benz on Monday launched its sports utility vehicle (SUV), M-Class, in India. "The new M-Class offers best of both the worlds—the highest levels of luxury, comfort and on-road refinement combined with excellent off-road capabilities and best-in- class safety standards," Mercedes-Benz India's CEO and Managing Director, Wilfried Aulbur, said in a statement released in Mumbai.Read Full News
For the first time ever, luxury marque Bayerische Motoren Werke AG, better known as BMW, has overtaken arch rival Mercedes Benz in terms of sales in India, taking the fight for supremacy in the luxury car segment to a new level.Read Full News
Mercedes-Benz India (MBI) on Tuesday formally inaugurated its new manufacturing plant in Chakan near here. The new facility, set up with an investment of Rs. 300 crore, was completed in 13 months and was inaugurated by Maharashtra Chief Minister Ashok Chavan.Read Full News
Mercedes-Benz India (MBI), the fully-owned Indian subsidiary of Daimler AG, yesterday inaugurated its new 100-acre manufacturing facility at Chakan near Pune. Set up at a cost of Rs300 crore, the project was completed in just 13 months, which the company claims is a record of sorts. Read Full News
Force India will give their new Mercedes-powered Formula One car its track debut at Jerez in southern Spain on Sunday, the team said in a statement.Read Full News
Mercedes Benz India sold 3,625 cars (46 per cent growth), 240 trucks (53 per cent growth) and 16 bus chassis in India, during the calendar year 2008. A total of 1,756 C Class cars were sold during the year as compared with the 779 units sold in 2007. Read Full News
The new Force India car, equipped with Mercedes engine and McLaren gearbox, will be unveiled in Spain early March, team owner Vijay Mallya said on Sunday. Unveiling the inaugural edition of the Force India Formula One 2009 calendar here, Mallya said the car is under construction but would be ready well before the series opener in Melbourne on March 29.
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The global economic slowdown’s hurting Porsche customers as much as it does others. But, on the positive side, it is stimulating the used car market.Read Full News
Porsche India has announced that they would soon launch their own pre-owned car program.
This program is likely to enhance their business in the Indian market as more potential customers would be able to buy their dream Porsche.Read Full News