AUTOMOBILES
Kia Reports 32.5% Increase in Q1 Net Profit; Challenges in India Sales Linked to Aging Models and Geopolitical Factors
In a regulatory filing, the company revealed a consolidated net profit of 2.8 trillion won ($2 million) for the period spanning January to March, marking a significant increase from the 2.1 trillion won reported during the same period last year.
Audi Raises Prices by Up to 2% Across Model Range in India
"Rising inputs costs are compelling us to increase prices by up to two per cent effective June 1, 2024," Balbir Singh Dhillon, Head of Audi India, said in a statement.
BMW Unveils New Electric Model in Indian Market
BMW Group India President Vikram Pawah said, "It encompasses the heritage of eight generations of the sportiest executive sedan -- the '5', adrenaline-laden performance of 'M' and the sustainability of 'i'."
Ultraviolette Unveils 'F77 Mach 2' Electric Motorcycle Priced at Rs 2.99 Lakh
The F77 Mach 2 series features a striking array of nine color options that includes Stellar White, Supersonic Silver, Lightning Blue, Plasma Red, Turbo Red, Afterburner Yellow, Stealth Grey, Asteroid Grey, and Cosmic Grey. The F77 Mach 2 series promises customization to suit every rider's taste.
Bolero Neo+: Mahindra's Latest Nine-Seater Unveiled, Starting at Rs 11.39 Lakh
Nalinikanth Gollagunta, CEO - Automotive Sector at Mahindra & Mahindra, expressed, "With the launch of the Bolero Neo+, we are committed to delivering durability, advanced features, and enhanced comfort, elevating the driving experience for families and fleet owners alike."
Ola Electric Slashes Prices for S1 X E-Scooter Range, Starting at Rs 69,999
The S1 X series, featuring three battery options of 2 kWh, 3 kWh, and 4 kWh, will now be offered at Rs 69,999 (as an introductory offer), Rs 84,999, and Rs 99,999, respectively. Deliveries are slated to commence from the upcoming week.
India Welcomes the Arrival of the Speediest Electric 3-Wheeler Charging Solution
Omega Seiki Mobility, in collaboration with Exponent Energy, introduced this remarkable electric three-wheeler equipped with rapid-charging capabilities.
Elon Musk Affirms Tesla's Organic Evolution into the Indian Market
Echoing sentiments shared by enthusiasts worldwide, Musk emphasized the growing significance of electric vehicles (EVs) in India's automotive future. Recent reports have hinted at Tesla's endeavors to establish a dedicated EV manufacturing facility in India, with a proposed investment ranging from $2 to $3 billion. States such as Gujarat, Maharashtra, and Tamil Nadu have emerged as prime contenders for hosting Tesla's manufacturing operations, aimed not only at catering to the domestic market but also facilitating exports.
Elon Musk Announces Tesla's Robotaxi Unveiling on August 8
Fans eagerly expressed their anticipation, with one X user eagerly commenting, "Wow, can’t wait to see a Tesla without a steering wheel." Another enthusiast speculated on the possibility of both the compact car and the Robotaxi being revealed simultaneously, urging against any potential delays in their production.
Tesla Surpasses Mercedes-Benz to Become Second Largest Import Car Seller in March
The Korea Automobile Importers & Distributors Association disclosed that the count of newly registered imported cars stood at 25,263 units in March, showing a 6 percent increase from 23,840 units recorded in the corresponding period last year.
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