Cars News

The total sales of the auto component industry stood at Rs. 2.65 lakh crore or USD 33.8 billion in the April - September 2022 period, recording a growth of 34.8 per cent over the corresponding period last year.

Piero Ferrari has decided to set up a family trust this month which will oversee the roughly 10 per cent stake he inherited from his father, Enzo Ferrari, the founder of the supercar marque. He is the second-largest shareholder in the company.

The Hyundai Ioniq 5 will be the second electric offering from Hyundai in India after the Kona electric and will be the first model to be introduced on the E-GMP Platform.

Carmaker plans to cease the manufacturing of internal combustion models by 2033.

The convertible Mercedes-AMG E53 4Matic+ is essentially the convertible version of the AMG E53 sedan and is a successor to the previous-generation AMG E53 facelift.

In addition to launching new products in the market, the Skoda’s India 2.0 strategy also included expanding its network, and for 2022 the company had set a target for 225 touchpoints. The carmaker has achieved the target, and is now on track to reach 250 touchpoints soon.

So, will these be called ‘ID. Golf’ or ‘ID. Tigaun’? Well, we do not have answers for that yet and we are sure, neither does Volkswagen.

R. C. Bhargava, Chairman, Maruti Suzuki India said, Indian Rupee’s increasing strength against Japanese Yen, could help bring down material costs, however, unusual events like the Russia-Ukraine crisis make it unpredictable.