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Firms incorporated by Chief Financial Officer Chander Wadhwa acted as conduit to divert homebuyers money from Amrapali Group, says Supreme Court. (Photo: Amrapali.in)

Amrapali CFO gifted luxury car worth 43 lakhs, Supreme Court told

Amrapali CFO Chander Wadhwa got luxury car, had a liability of Rs 2 crore as income tax.

1 Nov 2018 6:29 AM GMT

German luxury car maker Audi on Wednesday launched its second generation Audi RS 5 Coupe in India priced at Rs 1.1 crore.

Audi launches new RS 5 Coupe in India priced at Rs 1.1 crore

The company is banking on the new model to play a key role in its image building.

11 April 2018 1:27 PM GMT

The police seized the Mercedes, they are taking the help of the Regional Transport Office (RTO) to track down its owner and the driver. (Representational Image)

Martin Schwenk to be new Mercedes-Benz India MD and CEO

Folger has been instrumental in Mercedes-Benz regaining its leadership position in the Indian luxury car segment.

9 July 2018 8:06 AM GMT

First Citroen car for India to be launched before end-2021.

Wheels of dreams: Here's why Indian luxury car rental space is poised...

Luxury cars and their allure isn't a subject that needs further validation.

26 March 2019 4:28 AM GMT

German luxury carmaker BMW on Wednesday launched two limited edition variants of its 3 Series sedan priced at Rs 41.4 lakh and Rs 47.30 lakh.

Smaller towns will drive luxury car market, says BMW India head

The industry will get a fillip with the government focusing on infrastructure development in emerging towns, he added.

22 May 2018 2:01 PM GMT

Hyundai sells several low-priced vehicles in India, which could pose a challenge in terms of market positioning for Kia.

How is a 'luxury' car defined under GST, asks Hyundai

Under GST, Hyundai's new models like Elantra, will attract same rate as luxury models from BMW, Mercedes and Audi.

22 Aug 2017 12:36 PM GMT

Michael Folger, the managing director and CEO of Mercedez India Pvt Limited. Photo: PTI

Mercedes India CEO blames cess hike post GST for expensive luxury cars

The cess hike has dampened company's plans of expanding its market and making models locally in India.

10 Aug 2017 8:39 AM GMT

BMW eyes 100,000 electric car sales in 2017: Sueddeutsche

BMW to pump in Rs 130 crore in India to enhance operations

This year, BMW is going to increase its investment in India up to Rs 1,250 crore on a cumulative basis.

18 Jun 2017 10:25 AM GMT