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Mercedes Benz looking at over 10 percent growth in sales

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Mercedes- Benz

Kolkata, March

Luxury car maker Mercedes-Benz India is expecting to clock “significantly over 10 percent growth” in sales in the current year, a company official said on Wednesday.

“We are hoping to clock significantly over 10 percent growth in sales in 2017. January and February sales have already increased over the corresponding month last year.

“2016 brought some challenges for us with diesel car ban in Delhi and demonetisation also had short term impact on sales. Despite all these, we sold 13,231 cars in India in the last year, maintaining the sales volume of the previous year,” said car maker’s VP (sales and marketing) Michael Jopp.

He also said that considering the challenges that the car maker had faced in 2016, it did well. However, the sales volume in the last year declined by 1.8 percent compared to sales in the previous year.

Jopp said demonetisation had impacted its sales in the month of November but later it bounced back. “November sales were bad as the demonetisation created uncertainty in the market. The period was not that long and in December, we saw bounce back, otherwise, we would not be able to sell excess of 13,000 cars,” he said.

In the luxury segment, the German car maker has a market share about 45 percent.

“We have been the number one in the (luxury) segment and expanded our margin by more than 40 percent over the next largest competitor in the segment in the last year,” Jopp said, adding that aggressive product expansions, offering petrol and diesel variant across models, widening of the network contributed to the robust sales in the last year.

“Currently, the car maker has about 89 outlets across 41 cities,” he said at the launch of new E-Class sedan here.

According to company official, the E-class sedan which is the India’s highest selling luxury car comprises of about 34 percent of the total cars sold by it in India till date.

“We have received more than 500 bookings for the new car within a week,” he said.

On the impact of the implementation of the Goods and Services Tax, Jopp said: “In the GST regime, we are likely to fall in the highest bracket (of GST rates). We urged for lower tax for our cars. At this point of time, it is speculation unless the final rates are announced.”

“We hope the GST will be implemented in July and it is likely to create some uncertainty in the market but hopefully, it (uncertainty) will be removed as quickly as possible,” he added.

(IANS)

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2018 Ducati Multistrada 1260 launched in India at Rs 15.99 Lakh

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2018 Ducati Multistrada 1260

New Delhi, June 18: Ducati India has just launched the 2018 Multistrada 1260 in the country at Rs 15.99 lakh (ex-showroom), while the Multistrada 1260 S has been priced at Rs 18.06 lakh (ex-showroom). Ducati India announced the launch through its social media on Tuesday.

The 1260 is the company’s flagship adventure-tourer and comes with a number of changes over the model it replaces. These updates include additional power, a revised chassis and new equipment.

The Multistrada gets a new 1,262cc, liquid-cooled, L-Twin motor. It produces 158hp at 9,500rpm, a 6hp increment over the 2017 Multistrada. Torque, too, has gone up by 1.5Nm, bringing the total up to 129.5Nm, which is delivered at 7,500rpm. The new engine features what Ducati calls Desmodromic Variable Timing (DVT), which, combined with Desmo valve actuation, results in good low-end torque. This tech also helps make the engine Euro-IV emission norms compliant.

The DVT on the Ducati Multistrada 1260 combines variable timing with desmo valve actuation which delivers an ideal combination of horsepower, low-rpm torque as well as meets Euro-4 emission norms. The Multistrada 1260 DVT engine is now capable of 160 PS at 9,500 rpm and 129.4 Nm at 7,500 rpm. However, it now gets a very flat torque curve, delivering 85 percent of peak torque from as low as 3,500 rpm, something ADV riders will greatly appreciate.

Internationally, the Multistrada 1260 is available in four variants, the 1260, 1260 S, the S D|air and the Pikes Peak – the last two will only come to India later, if at all.

To make the most of the new engine, the chassis has been retuned as well. The steering rake has been increased from 24 to 25 degrees, adding 5 mm of trail, and the swingarm is 48 mm longer.

This takes the wheelbase to 1,585 mm from 1,530 mm on the earlier model. The longer wheelbase should be able to facilitate more comfortable riding and better stability. The Multistrada 1260 has 48 mm inverted forks up front and a rear shock by Sachs, both fully adjustable.

The 1260 S also receives a new high-definition colour TFT display, navigation, semi-active Ducati Skyhook Suspension (DSS), as well as barrage of rider assist options including a vehicle hold control, as well as four riding modes – sport, touring, urban, and enduro.

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Mahindra Electric, Zoomcar partner to offer 100 EVs in Delhi

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Mahindra Electric Zoomcar, PC Twitter @ZoomCarIndia

New Delhi, April 10 (IANS) Mahindra Electric on Tuesday announced its partnership with self-drive rental platform Zoomcar, as part of which the electric vehicles (EV) maker will offer 100 of its e20 plus EVs on the latter’s platform in the capital.

The electric mobility arm of automobile major Mahindra & Mahindra said the agreement is aimed at promoting shared and cleaner mobility.

“Mahindra’s commitment towards electric mobility continues. Our aim is to make EVs more mass adaptable in India in public transport, shared mobility and personal vehicles,” Mahindra Electric Chief Executive Mahesh Babu told reporters here.

The EVs under the deal are financed as part of an agreement between Zoomcar and Mahindra Finance. Apart the e2o plus, Mahindra also makes the e-Verito and e-Supro model EVs. Zoomcar operates in 30 cities across India, allowing users to rent cars by the hour, day, week or month.

At the event to announce the tie-up, Niti Aayog Chief Exexcutive Amitabh Kant said a massive revolution is required to usher in shared, connected and zero waste mobility, while tackling Delhi’s air pollution is not possible without private sector collaboration.

“In Niti Aayog, we have provided charging stations as the need for the government is to ensure that there are vast number of charging stations all over and we are, in fact, moving towards having all-electric vehicles,” he said.

While launching the National E-Mobility Programme here last month, Power Minister R.K. Singh said the government will soon unveil a policy on EVs. According to officials, the policy will provide that charging EVs would be a service and not sale of electricity — which requires a licence.

The policy on electric vehicle charging stations on points along identified corridors, draft of which has been finalised by the Central Electricity Authority, would provide that the price of power for charging electric vehicles be capped at the average cost of supply in the state, excluding discom transmission and distribution losses, plus 15 percent, officials said.

This would help the tariff for charging at an economical level of below Rs 6 per unit, they added. The governments’ National Electric Mobility Mission Plan launched in 2013 aims at gradually ensuring a vehicle population of about 6-7 million electric and hybrid vehicles in India by 2020.

The vision enunciated two years ago is for India to have 100 percent EVs by 2030.

IANS

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Audi India to hike vehicle prices

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Mumbai, March 16: Luxury car manufacturer Audi India on Friday announced a price hike of up to 4 per cent across its entire model range, effective from April 1.

According to the luxury car manufacturer, prices will be increased due to a hike in customs duty announced in the Union Budget 2018-19 and will range from Rs 100,000 to Rs 900,000.

“The increase in custom duty and introduction of Social Welfare Surcharge in lieu of an Education cess (which is higher than the erstwhile Cess) in the Union Budget made the increase in price inevitable,” said Rahil Ansari, Head, Audi India.

“We have tried to absorb the impact of the increase in Customs duty and have minimized the price hike for our customers.”

IANS

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