New Delhi, March 13 (IANS) Luxury carmaker Mercedes-Benz on Friday announced a price increase of around 2 per cent across its vehicle portfolio in India from April 1, 2026. The company said the move comes in response to continued foreign exchange volatility and rising input costs.According to Brendon Sissing, Vice President, sales and marketing, the decision has been taken mainly due to the sustained depreciation of the Indian rupee against the euro, which has increased operational costs for the…
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New Delhi, March 12 (IANS) Audi India on Thursday announced that it will increase the prices of its cars by up to 2 per cent starting April 1, 2026. The German luxury carmaker said the price hike will apply across its entire model range in the country.The company said the decision has been taken due to rising input costs and fluctuations in currency rates, which have increased overall expenses for the automaker.According to Balbir Singh Dhillon, Brand Director of Audi India, the company has trie…
New Delhi, Feb 1 (IANS) Industry leaders on Sunday welcomed the Union Budget 2026–27 for its emphasis on skilling, innovation, Electronics Component and Manufacturing Scheme (ECMS) and semiconductors, adding that it will make India a global electronics manufacturing hub.Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises called the Budget “bold” for combining growth with inclusion. The strong emphasis on skilling, alongside sustained investments in science, innovation, and research a…
New Delhi, Jan 27 (IANS) The unprecedented preferential access secured for over 99 per cent of Indian exports is a game-changer for Indian industry, the Confederation of Indian Industry (CII) said on Tuesday.With the India-EU deal, Rs 6.41 lakh crore ($75 billion) worth exports are poised for take-off, with $33 billion of exports in labour-intensive sectors like textiles, leather, marine products, gems and jewellery are set to gain immensely from preferential access under the FTA.According to Ch…
New Delhi, Jan 1 (IANS) India’s automobile industry entered 2026 on a strong and confident note, with several leading car manufacturers reporting solid growth and renewed momentum in calendar year 2025. Despite a year shaped by changing market conditions, customer demand picked up steadily, especially in the second half, driven by new launches, festive-season buying, and improving consumer confidence.Luxury carmaker Audi India closed 2025 with retail sales of 4,510 units, supported by steady d…