Auto Roundup: This week marked significant progress in the automotive industry. From new vehicle debuts and price reductions to sales figures, bookings, market expansions, and collaborations, noteworthy developments unfolded in the automotive sector. Let’s delve into the updates of the week.
Here are the key highlights of the week:
BMW opens booking for All-Electric i5 in India
BMW i5: BMW India has commenced bookings for its much anticipated all-electric i5 sedan, inviting potential buyers to reserve their units online or at authorised BMW dealerships nationwide. This exclusive model will be introduced in limited quantities to the Indian market as a Completely Built Unit (CBU).
Available globally in two versions – eDrive 40 and M60 xDrive – the BMW i5 demonstrates enhanced performance capabilities.
Lexus launches NX 350h Overtrail at Rs 71.17 lakh
Lexus NX 350h Overtrail: Lexus India has introduced the NX 350h Overtrail edition, priced at Rs 71.17 lakh (ex-showroom, India). Tailored for outdoor enthusiasts, this new variant offers subtle enhancements, accentuating its adventurous spirit.
The NX 350h Overtrail shares its powertrain with the F-Sport variant. Equipped with a 2.5-liter petrol engine paired with two electric motors, it delivers a combined output of 243hp, coupled with a 6-step e-CVT gearbox and Lexus’s variable dampers system.
Read More: Lexus launches luxury off-road-inspired NX 350h Overtrail starting at Rs 71.17 lakh
Honda offers huge discounts on City, Amaze, and Elevate
Honda Price Cuts, April Offers: Honda dealerships are rolling out enticing offers across their entire range of vehicles for April 2024. Interested buyers can avail significant savings on select Honda cars during this period.
- April 2024 Discounts on Honda Amaze: The Amaze Elite Edition comes with benefits totaling up to Rs 83,000, including various incentives such as a special edition benefit, corporate scheme discount, exchange bonus, loyalty bonus, and cash discount.
- April 2024 Offers on Honda City: In April 2024, generous discounts are available for the Honda City sedan. The Elegant variant gets benefits of up to Rs 71,500, while the ZX variant and others also see substantial discounts. Additionally, the Honda City Hybrid comes with a flat cash discount.
- April 2024 Offers on Honda Elevate: For SUV enthusiasts, the Honda Elevate comes with discounts of up to Rs 19,000 across all variants, featuring a powerful petrol engine and manual transmission.
Mahindra announces up to Rs 1 lakh discount on select Scorpio-N variants
Mahindra Price Cuts: Mahindra has announced significant cash discounts on its popular Scorpio-N SUV. Top-spec diesel 4×4 variants are now available with a cash discount of Rs 1 lakh, aiming to attract potential buyers towards the top variants.
Skoda Superb returns as CBU, priced at Rs 54 lakh
2024 Skoda Superb: Skoda enthusiasts in India can rejoice as the automobile manufacturer has reintroduced its current-generation Superb. Priced at Rs 54 lakh (ex-showroom), the Superb returns to the Indian market after a hiatus of nearly a year.
The 2024 Skoda Superb for India comes as a Completely Built Unit (CBU) import, with significant updates compared to its predecessor. This fully imported version stands at a premium over its discontinued predecessor, offering advanced features and a refreshed design.
Read More: Skoda Superb makes a comeback as CBU, priced at Rs 54 lakh: Check what’s new
Volkswagen offers discount of up to Rs 2.40 lakh on Tiguan and Virtus
Volkswagen Discounts April 2024: Volkswagen’s flagship SUV, the Tiguan, and the Virtus sedan receive substantial benefits this April. Buyers can enjoy maximum discounts of up to Rs 2.40 lakh on select models, including cash discounts, exchange bonuses, and corporate loyalty offers.
- April 2024 Discounts on Volkswagen Taigun: The Taigun is available at savings of up to Rs 1.50 lakh this month, featuring attractive offers for potential buyers.
- April 2024 Discounts on Volkswagen Virtus: For mid-size sedan enthusiasts, Volkswagen is offering discounts of up to Rs 1.40 lakh on the Virtus, making it an appealing choice in its segment.
Citroen expands presence in Mumbai with new dealership and workshop
Citroen’s Expansion in Mumbai: Citroen inaugurated a new dealership and workshop facility of La Maison Citroen-Mumbai run by Garnet Motors in Mumbai’s prime locations of Andheri West and Goregaon West, respectively. This expansion aims to provide a fulfilling customer experience to the growing customer base in the city.
BMW Group and Tata Technologies to establish joint venture for automotive software
BMW Group and Tata Technologies Collaboration: German automotive giant BMW Group and Tata Technologies announced a joint venture to set up an automotive software and IT development hub in India, aiming to foster innovation and technological advancements in the automotive sector.
Read More: BMW Group, Tata Technologies to form JV for automotive software, business IT solutions
Xiaomi’s market value surges on its first EV launch
Xiaomi’s Electric Vehicle Launch: Shares of China’s Xiaomi surge following the launch of its electric vehicle, the SU7. The EV draws strong interest from consumers, contributing to Xiaomi’s increased market value, despite predictions of initial losses per car.
Read More: China Xiaomi’s market value soars by up to $7.6 billion on EV launch
Volvo Cars records 25% year-on-year sales growth in March
Volvo Cars March Sales Rise: Volvo Cars achieved a remarkable 25 per cent year-on-year sales growth in March, reaching an all-time high for global sales in a single month. The surge is attributed to increased demand for fully electric cars, reflecting Volvo’s commitment to sustainability and innovation.
