Mercedes Benz News

Subscribe to enjoy similar stories.New Delhi: Policy think tank Niti Aayog has indefinitely postponed a global summit aimed at reinvigorating the nation's electric vehicle sector, as the war in West Asia disrupts international travel.The Global Electric Mobility Summit, planned for 21-22 April in New Delhi, was designed to be an event to court major investments for the world’s third-largest auto market. However, government correspondence reviewed by Mint shows that the regional war has forced a strategic retreat until travel conditions normalize.The delay comes at a critical time for New Delhi.

D Gukesh etched his name in history on Thursday by becoming the youngest world chess champion at the age of 18. Gukesh defeated reigning champion Ding Liren of China in the 14th and final game of their closely contested match to secure the title. The match, which kept chess enthusiasts on edge, ended with Gukesh achieving 7.5 points against Liren’s 6.5 after a dramatic victory in the final classical time control game. As the new world champion, Gukesh will receive the $2.5 million prize fund. Gukesh is the second Indian to claim the world chess title, following in the footsteps of the legendary Viswanathan Anand. Anand, a five-time world champion, last held the title in 2013 before losing to Magnus Carlsen.

Mercedes Benz has firmed up plans to locally assemble a second electric vehicle in the country enthused by demand for these cars, which have received bookings totalling Rs 400 crore in the past couple of weeks. The company, which launched Mercedes Benz Maybach EQS680 SUV priced at Rs 2.37 crore (on-road, Delhi) last week, has received 50 bookings for the top-of-the-line electric car. Mercedes has additionally received 80 bookings already for the electrified version of the G Wagon, which is slated to go on sale by the end of this year or early next year. Mercedes Benz EQG will be priced at Rs 3.5 crore. The company’s total order bank for internal combustion engine (ICE) and electric models together stands at about 1800-2000 units, currently. Mercedes Benz India Managing Director Santosh Iyer told ET, “There is currently no other option for emission free mobility than electrification. And we need to aid penetration by introducing electric cars at varied price points to our customers. The EQS SUV 580 will be the second electric vehicle that we assemble locally, which has helped us to price it competitively.” The EQS SUV 580 is priced at Rs 1.41 crore.

In the heart of Europe, Prateek Gupta and Neha Maheshwari are living a life many dream of—frequent European holidays and luxury cars. But behind this enviable lifestyle is a story of strategic financial planning that goes beyond indulgence. Despite moving from Bengaluru to Luxembourg in 2020, the couple has remained committed to investing exclusively in Indian stocks, carefully navigating the trade-offs that come with living abroad.

₹3,000 crore in Maharashtra, according to a recent announcement by the state’s Industries Minister, Uday Samant. The investment, confirmed during Samant's visit to Germany, is expected to significantly boost employment in the region.During his tour, Minister Samant engaged in discussions with senior executives of Mercedes Benz, exploring various avenues for investment within the state.

Mint in an interview, on the sidelines of the inauguration of the Range Rover House in Alibuag, Maharashtra, the first experiential centre of the brand in India.A new assembly line for the Range Rover and Range Rover Sport will be set up in Tata Motors' manufacturing facility in Pune, Maharashtra, with a production capacity of 10,000 units annually in two shifts. The move is expected to reduce prices by a significant 18%-22%, while still keeping them in the ₹1.5 crore and above category, said Rajan Amba, Managing Director and CEO of Jaguar Land Rover India."(W)e believe customers who were hesitant will make that leap, and it should add to the growth in Range Rover and Range Rover Sport," said Amba.“This is the first time that these flagship brands are coming out of Sollihul (in the UK) are being made anywhere else.

Mercedes-Benz, BMW and Audi are set to launch several new sport-utility vehicle models over the next three months, hoping to further deepen their foothold in this growing segment fuelled by evolving lifestyle trends and changing preferences of India’s affluent buyers. Such premium vehicles priced at more than Rs 50 lakh currently make up as much as 60% of sales at these companies, attracting a broader set of buyers including families and adventure enthusiasts, according to data collated by Jato Dynamics. Versatility and imposing road presence of SUVs over luxury sedans is finding increasing favour among Indian buyers. Mercedes-Benz with the largest portfolio of a dozen SUVs, grew sales by 41% in Q1 2024 «buoyed primarily by record sales of GLA, GLC, GLE and GLS SUVs in the first quarter of 2024 and we expect this demand to remain strong in coming months,» said Santosh Iyer, MD, Mercedes-Benz India.

₹41 lakh, going up to ₹53 lakh ex-showroom for an all-wheel drive variant. The Seal has a range of up to 650 km for its top-end rear-wheel drive model.

The luxury industry’s involvement with crypto is about to leap forward, according to Aura CEO Romain Carrere.

The share of diesel in total sales of luxury vehicles in the local market declined to 35% last year, from about 80% five years, even as buyers continued to shift to feature-rich SUVs. Sales of electric cars, meanwhile, increased to account for 6% of overall volumes in the segment — thrice of that in the mass market — with rich young, aspiring consumers emerging as front runners in adoption of clean technologies.

New Year 2024: As the year changes from 2023 to 2024, there are a few finance-related changes that will come into action from today, January 1, 2024.

New Year 2024 will certainly be different from 2023, yet similar in the way that this, too, will usher in a slew of changes with it. Come New Year, small savings schemes will offer higher interest rates, insurance policy documents will be easier to understand, dormant UPI IDs will be de-activated, cars will get costlier, and the physical verification of documents for SIM card will be phased out, among others, in the finance world. Let us understand more.

In this article

Chinese automaker, BYD (SZ:002594) announced Wednesday that they have secured a conditional testing license for level 3 autonomous driving on high-speed roads.

Bengaluru, India - December 26, 2023: Awiros, a leading AI startup, marked a historic milestone by concluding India's largest Computer Vision Hackathon in collaboration with Intel. This groundbreaking hackathon unfolded over three months, drawing participation from an impressive 3500 teams comprising over 8000 individuals from leading educational institutions and multinational organisations. The hackathon centred around development of enterprise grade computer vision applications on the Awiros Platform utilising tools provided by Intel OpenVino.

BEIJING (Reuters) — Chinese electric vehicle giant BYD (SZ:002594) said on Wednesday it has obtained a conditional testing license for level 3 (L3) autonomous driving on high-speed roads.

XIAN (Reuters) — Chinese electric car maker Nio (NYSE:NIO) on Saturday unveiled a flagship model featuring self-developed technologies including semiconductors, betting they would help prop up earnings, as a bruising price war and slowing car demand weigh on profitability.

India will likely give rise to job opportunities for mechanical, electrical and electronics engineers in the coming years, experts said. Manufacturers expected to be at the forefront of this job creation include Mercedes Benz, Bosch, Michelin, ABB, Boeing, Airbus, Renault, Volkswagen Group, Schneider Electric, John Deere, Caterpillar, Continental and Collins Aerospace, according to consultants and industry experts. Some engineering college professors said however that cutting-edge roles may not be part of this trend, besides which automation could take a toll. Several MNCs have been shipping out research, design and engineering jobs to India, marking a shift in the profile of offshored jobs from the traditional IT and shared services support to engineering and technical or product-related roles, the experts said.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Lucid commits to NACS in 2025; Tesla slumps in China; and XPeng delivers big.

2023 Mercedes GLE, which is soon to be available to Indian customers. The company recently refreshed the GLC, which garnered a positive reception. Mercedes is optimistic about the GLE receiving a similarly enthusiastic response from buyers in India.

Mercedes Benz convertible, gifted by one of the businessmen, were also found. Prosecutors said they had evidence showing that around the time he and his wife received the gold bars, Menendez searched Google to find out how much they were worth.