Luxury Cars

Stop calling luxury cars as sin goods, tax burden restricts growth of market: JLR India MD Rohit Suri

The government should stop classifying luxury cars as sin goods and reduce tax burden on such vehicles, as manufacturers contribute healthily in the country's economic growth, according to Jaguar Land Rover India

PNB fraud case: 12 luxury cars of fugitive businessmen Nirav Modi, Mehul Choksi auctioned at Rs 3.29 cr

The ED had in March obtained the permission of a special PMLA court in Mumbai for auctioning 12 cars of the Modi-Choksi duo as part of its money laundering probe in the Rs 13,500-crore alleged bank loan fraud.

UN says North Korea defied sanctions after Kim Jong-un rode in Rolls Royce, Mercedes, Lexus vehicles at international meetings

UN sanctions monitors are investigating Kim Jong-un's luxury purchases of a Rolls-Royce, Mercedes-Benz limousines and Lexus four-wheel-drive vehicles rolled out during the North Korean leader's recent international meetings

Cash-strapped IL&FS group selling luxury cars, office furniture to raise funds

Debt-laden IL&FS group firms are selling high-end cars, office furniture, electrical appliances and other assets in a bid to raise funds.

72 luxury cars bought by debt-laden IL&FS to go under the hammer soon; asset sale continues amid rising defaults

The Uday Kotak-led board appointed by the government at IL&FS Group will auction the fleet of the luxury cars for which the company will issue advertisements initiating the bidding process.

BMW launches 2018 3 Series Gran Turismo Sport priced at Rs 46.6 lakh in India

The BMW 3 GT Sport will be powered by 2-litre four-cylinder diesel mated to an eight speed automatic.

Mercedes-Benz announces top-level management change in India; Martin Schwenk set to be MD and CEO

Schwenk, currently the Chief Financial Officer of Beijing Mercedes-Benz Sales Service Co Ltd in China, will take over from Roland Folger

PNB scam: ED finds diamond czar Nirav Modi might have imported 10,000 watches for 'business purposes'

The imported watches were seized from the 60 plastic containers from several locations connected to diamond czar Nirav Modi

JLR India head wants 'reasonable' taxes on luxury cars against the current 50%

Stating that taxes on luxury vehicles in India are among the highest in the world, JLR India President and Managing Director Rohit Suri said this has restricted volumes growth thereby preventing companies from assembling more models here

Lexus flagship LS500H launched in India, deliveries from April 2018 onwards