India Luxury Car News

Related Vehicles Industry News

• May 2022: The Indonesian division of used automotive marketplace Carsome signed a collaboration agreement with Indonesian Bank Jago Tbk for automotive financing to support Carsome Indonesia's business, which focuses on buying and selling used cars online.
• November 2021: Hyundai introduced the Hyundai Smart Deal, an innovative financing solution that enables customers to own a Hyundai car with significantly reduced costs of up to 50%. The program offers worry-free maintenance benefits and guarantees a remarkable 70% resale value when trading in the vehicle for a new Hyundai car after completing the last installment.
• September 2021: Mobil88 unveiled the Mo88i application, revolutionizing the process of buying and selling used cars. Mo88i serves as a reliable and efficient platform, streamlining every step, from car inspections to estimated bid prices and concluding with hassle-free financing and vehicle insurance submissions. This user-friendly application ensures a trusted, easy, and fast experience for both buyers and sellers, simplifying the journey of purchasing or selling used cars with unparalleled convenience.

• August 2022: Ashok Leyland announced to launch an electric light commercial vehicle in India by the Mid of 2023.
• May 2022: Tata Motors signed a strategic Memorandum of Understanding (MoU) with leading e-commerce companies and logistics service providers Amazon, BigBasket, City Link, DOT, Flipkart, LetsTransport, MoEVing, and Yelo EV. Through this MoU, the company will deliver 39,000 ACE electric vehicles to all the logistics service providers.
• May 2022: Tata Motors launched the Ace EV, the electric version of the popular Ace truck. The company has entered the upcoming segment of small electric trucks for freight delivery in the country. The new vehicle has powered by a 27kW (36hp) motor with 130Nm of peak torque and has a range of up to 158 KM on a single charge.
• February 2022: BYD unveiled a new all-electric Type A school bus in the United States. The battery-powered bus is available in three different lengths 26.7 feet (8.1 meters), 24.5 feet (7.45 meters), and 22.9 feet (7 meters), making it suitable for routes with fewer students. In addition, the BYD Type A is fitted with Predictive Stop Arm, which monitors approaching traffic and notifies students as they exit the bus when it is safe to cross.

• November, 2022: Toyota South Africa Motors (TSAM) announced the importation of several RAV4 Plug-In Hybrid Vehicles (PHEV) to test customer response, vehicle behavior, infrastructure requirements, and other technical aspects, as well as educate customers on plug-in technology. It is also the second phase of TSAM's New Energy Vehicle (NEV) roll-out strategy, following the hybrid vehicle expansion strategy across Toyota's mainstream product lines.
• November, 2022: The Almaz Hybrid, previously displayed at the Indonesia Electric Motor Show (IEMS) 2022 event, was officially launched by Wuling Motors in Indonesia.
• October, 2022: BYD announced that it had opened its first store in Brasilia, Brazil's capital, in collaboration with Saga Group, the country's largest dealer. In Brazil, BYD has introduced the Tang EV luxury battery-electric SUV, the Han EV battery-electric sedan, the D1, and the Song PLUS DM-i hybrid SUV will go on sale soon.
• October 2022- Korea Fuel-Tech Corporation invested USD 10 million in the construction of a new plant in Auburn, Alabama, the United States. The new plant will produce carbon canisters and hybrid vehicle fuel systems.

• June 2022: The United Arab Emirates’ Ministry of Energy and Infrastructure (MoEI), Audi Middle East, and Siemens signed an agreement to cooperate on boosting electric vehicle (EV) charging capacity on federal roads and increasing adoption of EVs across the country.
• March 2022: Audi Middle East announced its collaboration with the Museum of the Future in Dubai, United Arab Emirates. Through this collaboration, Audi Ag will convey its electrification and sustainability plans, which mirror the future-forward mission of the UAE.
• January 2022: DAIMLER AG subsidiary Mercedes-Benz has launched all-electric EQB SUV in 2022. It provides 2 models for the U.S. market such as Exclusive and Pinnacle.

• December 2022: The company has announced the launch of Tiger 1200 in India. It was equipped with technologies such as a blind-spot radar system, showa semi-active suspension set-up, a seven-inch TFT display, as many as six riding modes, and a keyless system.
• October 2022: The company has launched the new Dominar 400 upgrade. The sports tourer gets factory-fitted touring accessories and is tailormade for riders who prefer strong touring essentials.
• August 2022: Yamaha Motor Pvt. Ltd. introduced an exciting line-up of 2022 Monster Energy Yamaha MotoGP Edition models in India. These models include the Supersport YZF-R15M, the Dark Warrior MT-15 V2.0, the Maxi-sports Scooter AEROX 155 and the RayZR 125 Fi Hybrid scooter.

• July 2022: Cadillac unveiled the Celestiq show car, a vision of innovation that previews the brand’s future handcrafted and all-electric flagship sedan. The Ultium-based electric show car previews some of the materials, innovative technologies, and hand-crafted attention to detail harnessed to express Cadillac’s vision for the future.
• July 2022: Amazon began deploying its custom electric delivery vehicles from Rivian for package delivery, with the electric vehicles hitting the road in Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle, and St. Louis, among other cities.
• January 2022: Tesla Inc. had a supply agreement with Talon Metals Corp., a subsidiary of Talon Nickel LLC, for the supply of nickel. This agreement will lead to the production of battery material from mine to battery cathode in order to make the electric vehicle battery more eco-friendly.

• November, 2022: The Volvo Group, Mack Trucks' parent company, and Pilot Company have agreed to establish public charging infrastructure for medium- and heavy-duty customers in North America. Pilot Company will install high-performance charging infrastructure at select Pilot and Flying J travel centers across the United States, while The Volvo Group will provide expertise in determining which locations should be prioritized for charging infrastructure based on current and anticipated BEV truck adoption, customer charging requirements, and funding availability from the federal and state governments.
• September, 2022: At its plant in Sete Lagoas, Brazil, Iveco announced the commencement of the production of its Hi-Way heavy truck with a natural gas (CNG) powertrain. The truck is powered by a 460 horsepower FPT Cursor 13 engine with six cylinders. Meritor supplied the Hi-Way's rear axle, and the ZF Traxon gearbox has 12 speeds.
• March, 2022 : The three leading commercial vehicle manufacturers, Traton Group, Daimler Truck, and Volvo Group, signed a binding agreement to create a joint venture (JV) to install and operate a high-performance public charging network for battery electric, heavy-duty long-haul trucks, and coaches across Europe.

• September, 2021: BYD unveiled two revolutionary battery-electric heavy-duty trucks, the third-generation 8TT, and 6F. The extended-range versions of the 8TT and 6F offer a range of up to 200 miles on a charge. The trucks come standard with Advanced Driver-Assistance Systems (ADAS), making driving easier and safer.
• July, 2021: ROUSH CleanTech, Penske Truck Leasing, and Proterra Inc. announced a new collaboration under which Proterra will supply its industry-leading battery technology to ROUSH CleanTech for the development of its next-gen Ford F-650 all-electric commercial trucks.
• May, 2021: Ford Motor Company launched an all-electric iteration of the pickup truck F-150. The truck gets a couple of motors together, producing 563bhp of power and 1050Nm of torque.
• April, 2021: Electric truck specialist Tevva announced a new partnership with European energy giant Vattenfall designed to make it easier for businesses to switch to a zero-emission vehicle fleet and curb their transport-related emissions.

• In August 2022, Lexus, which is owned by Toyota, has launched its Lexus Certified Programme in the Indian market. Lexus India hopes that by launching this initiative, existing Lexus vehicle owners will be able to get a higher resale value for their vehicles, while also making Lexus models more accessible and affordable to new customers.
• In August 2021, Mahindra First Choice Wheels (MFCW) and CamCom, an AI-powered visual inspection solutions company, partnered to offer the ability to inspect cars using AI. With this partnership, Mahindra can inspect and make damage assessments for vehicles.
• In August 2021, Mercedes-Benz India announced the introduction of a ‘direct customer to customer’ selling platform called ‘Marketplace’ to provide buyers and sellers of luxury, pre-owned cars with multiple benefits.

• Nov 2022- According to BYD's official Weibo account, BYD's new luxury car brand is called "Yangwang." It will have a new and independent team for branding, products, sales and services network, and operation, with products expected to be officially launched in Q1 2023.
• Aug 2022- Infiniti announced the official launch of the QX55, an all-new luxury SUV, in China at the 2022 Chengdu Motor Show. It will be sold as an imported model in the country. It is available in four variants (one FWD and three AWD), with prices ranging from CNY 389,800 (USD 55,987.36) to CNY 475,300 (USD 68,267.81).
• Aug 2022- In Wuhan, Hubei Province, Dongfeng Motor Company Limited (Dongfeng Motor) held a press conference. Dongfeng Motor introduced Mengshi, a luxury off-road EV (electric vehicle) brand, and its exclusive "M" logo at the conference. The Mengshi brand's first model will hit the market in 2023.