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Luxury carmakers Mercedes, Audi see record sales in festive season

Luxury carmakers Mercedes, Audi see record sales in festive season

by AIP Online Bureau | Sep 22, 2024 | Data, Eco/Invest/Demography, Non-Life, Policy

This year, the luxury car industry in India will surpass 2018 volumes and reach the 46,000-47,000 unit mark. Delhi and Mumbai continued to lead the demand for our products in the festive season. We also continue to witness good demand from Hyderabad, Kolkata, Chennai,...
Maruti Suzuki may see some increase in costs due to Red Sea crisis

Maruti Suzuki may see some increase in costs due to Red Sea crisis

by AIP Online Bureau | Feb 11, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

Similarly, the situation in the Red Sea is creating supply chain issues for German luxury carmaker Audi, impacting car deliveries to customers in India in the first quarter but recovery is expected in the coming months, according to a senior company official. New...

Audi ex-boss becomes first VW board member sentenced over diesel scandal

by AIP Online Bureau | Jun 28, 2023 | International News, Risk Management

The case is among the most prominent in the aftermath of the diesel scandal, when parent group Volkswagen and Audi admitted in 2015 to having used illegal software to cheat on emissions tests Former Audi boss Rupert Stadler was handed a suspended sentence of one year...
German court expects conviction for former Audi boss in diesel scandal

German court expects conviction for former Audi boss in diesel scandal

by AIP Online Bureau | Mar 30, 2023 | International News, Technology

Former Audi boss Rupert Stadler The trial is one of the most prominent court proceedings in the aftermath of the diesel scandal at Volkswagen and its subsidiary Audi. Revelations that millions of emissions tests had been manipulated emerged in September 2015 According...

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