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electric vehicle (EV). However, specific details regarding the forthcoming pure electric grand tourer have not been disclosed by the brand. According to Lamborghini CEO Stephen Winkelmann, the company's first-ever pure electric car will feature a higher ground clearance compared to their traditional sports cars, reported HT Auto.

Tesla and Fisker firm up their India entry plans. Mainstream and luxury manufacturers including BYD, Citroën, Kia, BMW, MercedesBenz, Volvo, Audi, Porsche and Jaguar-Land Rover plan to unveil as many as 21 new electric passenger vehicles (PV). This is expected to fuel growth of the domestic EV market and make electric cars accessible to a wider range of consumers. Electric PVs still account for just 2.47% of total passenger vehicle sales, market researcher Jato Dynamics estimates. Tata Motors is making a big bet on the segment. “The EV contribution in our portfolio is likely to increase to 25% in five years and reach 50% by 2030,” the biggest player in the domestic electric PV market said in its report for 2022-23 (April-March). The company increased its electric vehicle sales from 1,300 units to over 50,000 in three years and has the widest range of EV offerings including hatchbacks, sedans and sports utility vehicles (SUVs).

Volkswagen has seen after-tax earnings fall by 20% in the first half of the year from the same period last year

Betting on potential returns from blockbuster movies is something of a niche investment but it can pay off if timed correctly.

Audi's India head Balbir Singh Dhillon said that the company expects a strong momentum in its India business over the coming years. Dhillion said the growth will be driven majorly by electric vehicles (EVs) which are likely to account for 50 per cent of its sales by 2030, reported TOI. Audi registered a 97-per cent growth in sales in the first half of the year.

MLS All-Stars take on Arsenal, all eyes will be searching for new MLS recruit Argentina’s midfielder Lionel Messi, but they will be disappointed. Inter Miami will have to play their first Leagues Cup match against LIGA MX on July 21 and Messi will not be available for MLS All-Stars. Former Manchester United striker Wayne Rooney has been appointed new head coach of DC United and he will lead the MLS Al-Stars squad against Arsenal. MLS Al-Stars team consists of 28 of the leading league footballers. Former Premier League striker Christian Benteke will fill the gap created by the absence of Messi. On the other hand, the Gunners will have players like new recruits Declan Rice and Kai Havertz.

Audi Q8 e-tron model comes with design tweaks on the outside. There is a redesigned grille. At the rear, the lights and the LED bar that runs across the entire length of the tailgate have been redesigned as well.  The redesigned grille at the top showcases a new mesh design along with Audi's fresh monochrome logo, complemented by a downward-projecting light bar.

In India’s nascent luxury electric car market, BMW has emerged as the dominant force, commanding a 50% market share with its i14 sedan, Mini Cooper SE hatch and the iX sport utility vehicle (SUV). According to Vikram Pawah, president, BMW Group India, the iX alone surpasses the combined sales of all luxury battery electric vehicle (BEV) models from competitors Mercedes-Benz, Audi and Volvo. In fact, luxury electric vehicles (EVs) now constitute nearly 10% of BMW’s total sales, exceeding the conversion rate of rival original equipment manufacturers (OEMs) by more than double, Pawah said in an interview.

Ballon d'Or joined the David Beckham owned football club after coming off two years with Paris Saint-Germain. Messi will be unveiled as the Inter Miami player on 16 July, Sunday.  In a recent viral video Messi reportedly averted an accident narrowly. The FIFA world cup winner was recently captured shopping for groceries with his family in the city of Miami, according to a report by TOI.  The report further stated that Messi's Audi Q8 narrowly escaped a crash! The video then shows Messi's Q8 jump a traffic signal and take a left at an intersection, with oncoming traffic from the behind.

According to industry estimates, about 20,000 luxury vehicles were sold between January and June — a 38% jump over 14,500 units sold in the same period a year ago. Strong consumer demand, especially at the top end of the market, and healthy order books across manufacturers will help sustain momentum through the year and push overall volumes past the pre-pandemic peak of 40,000 units in 2018, senior industry executives told ET. Meanwhile, overall passenger vehicle sales rose by about 10% to over 2 million units in the first half of 2023.

₹1.7 crore and the EQB at close to ₹80 lakh. The two products together represent 3-4% of our total sales, which was at over 300 units in H12023", Santosh Iyer, managing director and chief executive, Mercedes Benz India, said in an interview. “H2 will see far stronger growth as the availability of BEVs increase.

SUV and Sportback, indicating that their launch is just a few weeks away. This new model represents a significant upgrade to the e-tron SUV, featuring not only cosmetic and feature enhancements but also the incorporation of 'Q8' into its name. The refreshed Q8 e-tron was first unveiled on a global scale in November of the previous year.

By Daina Beth Solomon and Dave Graham

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Tesla and BYD set sales records in the second quarter, widening their lead as the world’s best-selling electric-car makers. Elon Musk-led Tesla delivered 4,66,140 cars worldwide, beating Wall Street estimates. BYD, China’s top-selling car brand, posted its best-ever quarter, selling 7,00,244 fully electric and plug-in hybrid vehicles.

Volkswagen named a new chief executive officer for Audi after the luxury brand fell behind competitors BMW and Mercedes-Benz.

BEIJING — Chinese electric car maker BYD saw sales more than double in May, solidifying the company's climb into the ranks of the top three automakers in China.

German luxury carmaker Audi is evaluating the feasibility of producing electric vehicles locally in India while it seeks to reach threshold volumes for such a step to be successful, according to a senior company official.