Anirban Das

Maruti Suzuki Grand Vitara Continues to ‘RULE EVERY ROAD’; Clocks Fastest 2 Lakh Unit Sales in Mid-SUV Segment Achieving Unprecedented Milestones

Maruti Suzuki India Limited proudly announces that the Grand Vitara has set a new benchmark in the mid-SUV segment, surpassing the 2-lakh sales milestone in just 23 months since its launch. This remarkable feat marks the Grand Vitara as the fastest mid-size SUV to achieve this milestone, reflecting its immense popularity and acceptance in the market.

A Year of Unmatched Success

The Grand Vitara achieved its first 1 lakh unit sales milestone within a year, a testament to its strong market presence and consumer appeal. The SUV’s success is driven by its robust performance, advanced technology, and stylish design, which have resonated well with customers across India.

Demand for Strong Hybrid and S-CNG Variants

The demand for the Strong Hybrid and S-CNG variants of the Grand Vitara has been particularly high. These variants embody Maruti Suzuki’s commitment to sustainable mobility solutions, offering high fuel efficiency and reduced carbon emissions. The Strong Hybrid technology, in particular, has been a game-changer in the mid-SUV segment, providing an eco-friendly driving experience without compromising on performance.

Celebrating a Milestone

Mr. Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, expressed his delight at this achievement:

The Grand Vitara has transformed its segment by encouraging customers to adopt sustainable choices through the Strong Hybrid technology. Additionally, the ALLGRIP technology has struck a chord with SUV enthusiasts, advancing our mission to champion clean mobility solutions while providing an exhilarating driving experience. This truly embodies Grand Vitara’s philosophy of ruling every road.
With a market share of 12% in Q1 FY24-25, the Grand Vitara has solidified Maruti Suzuki’s credentials in the highly competitive mid-SUV segment. It has played a crucial role in growing the segment, attracting a diverse range of customers looking for a blend of performance, style, and sustainability.

Leading the Way in Green Technology

Maruti Suzuki has taken a leading role in embracing green fuel and hybrid technology, marking significant strides towards sustainable automotive solutions. The Grand Vitara exemplifies this commitment with its innovative powertrain options, including the Strong Hybrid and S-CNG technology.

Compelling Campaigns for a Sustainable Future

To highlight the capabilities of its Strong Hybrid Technology, Maruti Suzuki launched an impactful campaign titled “IT’S UNBELIEVABLE. IT’S STRONG HYBRID” in Q1 FY24-25. The campaign showcased the extraordinary real-world benefits of the Strong Hybrid Technology, emphasizing its relevance for today’s ever-evolving customers. A standout feature of the campaign was a remarkable journey of over 1200 km on a full tank, demonstrating the efficiency and performance of the Grand Vitara’s Strong Hybrid Technology.

Designed to Dominate Every Road

The Maruti Suzuki Grand Vitara is engineered to excel in all driving conditions. It combines exciting performance with distinctive style, commanding presence, and multiple powertrain options. The legendary Suzuki ALLGRIP SELECT technology encourages customers to explore off-road adventures with confidence. Premium features such as a 22.86cm (9”) Smart Play Pro+ entertainment system, Head Up Display, 360 View Camera, Wireless Charging Dock, panoramic sunroof, ventilated seats, Clarion® Premium Sound System, and PM 2.5 Air Cabin Filter make the Grand Vitara the ideal choice for discerning customers.

Commitment to Safety

The Tyre Pressure Monitoring System and the newly introduced Acoustic Vehicle Alerting System (AVAS) in the Strong Hybrid variant enhance safety. Additionally, it is the only premium CNG SUV to offer a 6-airbag variant, providing customers with an added layer of protection.

A Testament to Excellence

The latest benchmark of 2 lakh unit sales is a strong testament to the Grand Vitara’s appeal and the trust that customers place in Maruti Suzuki. The Grand Vitara continues to ‘RULE EVERY ROAD’ with its blend of performance, technology, and sustainability, setting new standards in the mid-SUV segment.

As Maruti Suzuki celebrates this milestone, it remains committed to delivering innovative and eco-friendly mobility solutions that cater to the evolving needs of its customers. The Grand Vitara’s success story is a reflection of the brand’s dedication to excellence and its vision for a sustainable future.

The luxury automotive world has just seen the unveiling of a significant development with the opening of Automobili Pininfarina’s new brand and retail galleria in Celadna, Czech Republic.

The initiative of Automobili Pininfarina in collaboration with FURIOSA s.r.o., marks a strategic expansion in Central Europe, catering to high-end clients from the Czech Republic, Slovakia, Austria, and Poland.

A Carefully Chosen Location

The Celadna galleria is situated in an idyllic location within the extensive grounds of the Miura Art Hotel, a renowned luxury resort in the Beskydy mountain range. The resort is known for its stunning architecture and prestigious art collection, making it a fitting backdrop for showcasing Automobili Pininfarina’s masterpieces of automotive design. The location is enhanced with its own heliport and proximity to international airports, ensuring easy accessibility for a global clientele.

An Immersive Luxury Experience

Automobili Pininfarina Celadna is not just a showroom; it is a purpose-built space designed to offer an unparalleled luxury automotive experience. Clients are invited to collaborate with highly-trained experts in creating their personalized Battista hyper GT or B95 hyper Barchetta. This bespoke process ensures that every vehicle is a unique work of art, tailored to the exacting specifications of its owner.

Celebrating Success and Recognition

The opening of the Celadna galleria coincides with a notable accolade for Automobili Pininfarina. The Battista Edizione Nino Farina has been named ‘Best Hypercar’ by the prestigious luxury lifestyle publication, Robb Report Monaco and Côte d’Azur. This recognition underscores the brand’s position at the pinnacle of automotive design and performance.

Statements from Key Figures

Paolo Dellacha, Chief Executive Officer at Automobili Pininfarina, expressed his excitement about this new venture: “The opening of an all-new and purpose-built retail galleria in Celadna represents a fantastic opportunity to us.

Richard Kucik, founder of FURIOSA s.r.o., echoed these sentiments, saying, “Our passion for design, art, and craftsmanship, coupled with our innovative vision, is what sets us apart. We are elated to introduce the Automobili Pininfarina Celadna galleria at the prestigious Miura Art Hotel, nestled in the heart of Europe. Central Europe is a rapidly growing market, and we are eager to showcase this exceptional fusion of nature, art, and luxury, all energized by the innovative spirit of Automobili Pininfarina. Our goal is to captivate our clients, enabling them to customize their Battista into a masterpiece of automotive art.”
Global Expansion and Client Personalization

The Celadna galleria is the latest addition to Automobili Pininfarina’s network of retail partners, bringing the global total to 26. Each partner is selected for their ability to deliver exceptional personal service and attention to detail, essential for the brand’s unique client personalization offering.

Clients at Automobili Pininfarina Celadna will work directly with the Chief Design Officer and design team to ensure that every element of their vehicle’s specification is meticulously considered. This bespoke tailoring process extends beyond color choices, upholstery, and trims, allowing for minor bodywork changes or even entirely new vehicle designs, bringing each client’s vision to life.

Battista: The Pinnacle of Automotive Innovation

The Battista hypercar exemplifies Automobili Pininfarina’s commitment to innovation and performance. As the most powerful car ever designed and built in Italy, it boasts a 0-100 km/h acceleration time of under two seconds, faster than a current Formula 1 race car. With 1,900 hp and 2,340 Nm of torque, the Battista offers extreme engineering and cutting-edge technology in a zero-emissions package. Its 120 kWh battery powers four electric motors, providing a combined WLTP range of up to 476 km on a single charge. Each Battista is individually hand-crafted at the atelier in Cambiano, Italy, with a limited production run of just 150 units.

A Vision for the Future

Automobili Pininfarina’s latest achievements and the opening of the Celadna galleria reflect the brand’s unwavering commitment to excellence and innovation. With a focus on creating unparalleled luxury experiences and pushing the boundaries of automotive design, Automobili Pininfarina continues to lead the way in the high-performance luxury hypercar market.

This strategic expansion into Central Europe, combined with the brand’s dedication to bespoke craftsmanship and client personalization, ensures that Automobili Pininfarina will remain a driving force in the luxury automotive industry for years to come.

MINI Cooper S with an Iconic Tribute to Racing Heritage. This iconic three-door model, equipped with a powerful four-cylinder gasoline engine and a suspension system engineered for agile handling, delivers maximum driving pleasure.

Compact and Agile Performance

The MINI Cooper S, designed for urban environments, stands out with its compact proportions and impressive agility. It offers a high level of driving pleasure, safety, and comfort, thanks to precise MINI steering, an automatic sports transmission, powerful brakes, and a low center of gravity. The increased track width enhances driving dynamics, especially in demanding situations.

The heart of the MINI Cooper S is a 2.0-liter Twin-Power Turbo engine that delivers 150 kW (204 hp) and 300 Nm of torque. This power enables the MINI Cooper S to accelerate from 0 to 100 km/h in just 6.6 seconds. Despite its powerful performance, it maintains a combined fuel consumption of 6.4-6.1 l/100 km and CO2 emissions of 144-138 g/km (WLTP).

Racing-Inspired Design

The JCW Trim of the MINI Cooper S emphasizes its performance capabilities through various design elements. Distinctive diffusers at the front and rear, along with the John Cooper Works logo in traditional red, white, and black, highlight the car’s racing heritage. The high-gloss black octagonal front grille and contrasting black roof and mirror caps add to its sporty look

Exclusive rim designs in 17-inch and 18-inch sizes, along with JCW brake calipers in black with the JCW badge, further enhance the MINI Cooper S’s dynamic appearance. These design details are not just aesthetic but also functional, contributing to the car’s overall performance.

Motorsport-Inspired Interior

Inside, the MINI Cooper S in JCW Trim is designed with a focus on motorsport. The JCW sports seats for the driver and passenger, made of black synthetic leather with multicolor knitted material and red accent seams, underscore the car’s exclusive sportiness. The dashboard features a black and red pattern inspired by a checkered flag, reinforcing the racing theme.

A high-resolution 240 mm diameter OLED display provides all vehicle-related data, including navigation, media, telephone, and climate settings. The new MINI Experience Modes allow drivers to customize the interior ambiance. In the John Cooper Works inspired GO-KART mode, the interior lighting and central display turn anthracite red, enhancing the sporty atmosphere.

Enhanced Safety and Convenience

The MINI Cooper S comes equipped with advanced safety and convenience features. Automatic speed and distance control help manage traffic, while the MINI navigation system offers 3D visualization, augmented view, current traffic updates, and parking options with digital payment capabilities.

The comprehensive Driving Assistant Plus package includes camera and radar-based assistance functions that enhance safety by supporting steering and lane-keeping. The Parking Assistant Professional identifies suitable parking spaces and can autonomously initiate parking maneuvers. The Safe Exit function, standard on the MINI Cooper S, monitors the surroundings and warns of approaching vehicles or cyclists before the door is opened.

Celebrating Motorsport Heritage

The MINI Cooper S in JCW Trim pays homage to the brand’s storied motorsport history. Since the legendary victories at the Monte Carlo Rally in the 1960s, the high-performance MINI John Cooper Works models have consistently demonstrated the brand’s engineering prowess. The recent class victory at the 24-hour race at the Nürburgring in June 2024 is a testament to MINI’s ongoing commitment to performance and innovation.

Conclusion

The MINI Cooper S in John Cooper Works Trim is a perfect blend of sporty design and brand-typical performance. Its powerful engine, agile handling, and motorsport-inspired aesthetics make it a standout in the compact sports car segment. With advanced safety and convenience features, it offers a complete package for driving enthusiasts who seek both performance and practicality. The MINI Cooper S continues to uphold the brand’s legacy of delivering maximum driving pleasure in a compact, stylish package.

Automobili Lamborghini has announced record-breaking results for the first half of 2024, marking significant achievements in deliveries, revenues, and operating income.

Record Deliveries and Financial Performance

In the first six months of 2024, Lamborghini delivered 5,558 cars, generating revenues of €1,621 million. This figure represents a 14.1% increase over the same period in 2023. Operating profit also surged to a record €458 million, showcasing the brand’s robust financial health and market demand. This success is attributed to the commercial performance of its three flagship models produced at the Sant’Agata Bolognese plant: the Revuelto, Urus, and Huracán.

Stephan Winkelmann, Chairman and CEO, expressed his pride in these achievements:

“We are extremely proud of our results in the first half of 2024. We are experiencing a critical transformation period, bolstered by the largest financial commitment in our company’s history, aimed primarily at broadening our product range. This ambitious endeavor requires substantial resources, but it is crucial to maintain our growth trajectory and ensure that Automobili Lamborghini remains at the forefront of innovation and leadership in the luxury super sports car market.

The company’s profitability reached an impressive 28.2%, highlighting the successful balance between deliveries and financial parameters. This achievement underscores Lamborghini’s strategic approach to growth and market positioning.

Paolo Poma, Managing Director and CFO of Automobili Lamborghini, echoed these sentiments, stating, ‘We are delighted to see our growth trajectory solidifying once more. The positive market trends and robust order book instill confidence, allowing us to project continued growth in our key financial and business metrics, even as we navigate a year defined by the shift to hybrid technology. This underscores the enduring strength of our brand in the luxury and super sports car segment.'”

Balanced Global Deliveries

Lamborghini’s global delivery distribution remained well-balanced across three major regions: EMEA (Europe, the Middle East, and Africa), the Americas, and APAC (Asia-Pacific). The specific figures for each region were:

EMEA: 2,498 vehicles delivered
Americas: 1,849 vehicles delivered
APAC: 1,211 vehicles delivered

Among individual markets, the United States led with 1,621 cars delivered, followed by Germany with 595, the United Kingdom with 514, Japan with 354, the Chinese Mainland, Hong Kong, and Macao with 337, and Italy with 268 vehicles delivered.

Strong Order Bank

Lamborghini’s strong order bank reflects the high demand and customer enthusiasm for its models. The Revuelto, in particular, has a waiting period extending over two years. Orders for the Huracán cover its entire production run until the anticipated line closure in December. Similarly, the Urus SE, which debuted at the Beijing International Automotive Exhibition in April, has received widespread positive feedback, with orders covering about one year of production.

Direzione Cor Tauri Program

The exceptional performance of Lamborghini in the first half of 2024 is a testament to the success of the company’s Direzione Cor Tauri program. This strategic initiative focuses on continuous decarbonization and represents one of the most critical phases in Lamborghini’s history. The program’s goals include advancing sustainability while maintaining the brand’s legacy of high performance and luxury.

Future Outlook

Lamborghini’s future looks promising, with significant milestones on the horizon. On August 16, at Monterey Car Week, the company will unveil the successor to the Huracán. This new model is a High Performance Electrified Vehicle (HPEV) featuring an all-new twin-turbo V8 engine paired with a hybrid system. This unveiling will mark the completion of Lamborghini’s hybridization process, setting a new benchmark for performance and driving experience in the luxury super sports car segment.

Last year, Monterey Car Week also saw the debut of the Lanzador concept car, a preview of Lamborghini’s first full-electric model. These innovations underscore Lamborghini’s commitment to leading the market in both performance and sustainability.

Conclusion

Lamborghini’s first six months of 2024 have set new records and demonstrated the brand’s strength and resilience in the luxury super-sports car market. With a balanced global distribution of deliveries, strong financial performance, and a solid order bank, Lamborghini is well-positioned for continued success. The upcoming unveiling of new hybrid and electric models further cements Lamborghini’s leadership in innovation and luxury.

The automotive world is buzzing with excitement as Mercedes-AMG unveils its latest masterpiece, the CLE 53 4MATIC+ Cabriolet.

The Mercedes-AMG CLE 53 4MATIC+ is a luxurious vehicle, which combines high performance with sophisticated design, is now available to order from sales partners or online. Priced starting at €89,388.04, the new Cabriolet promises an unparalleled driving experience with its advanced technology and impressive features.

Unmatched Performance and Efficiency of Mercedes-AMG CLE 53 4MATIC+

At the heart of the Mercedes-AMG CLE 53 4MATIC+ Cabriolet is a 3.0-litre six-cylinder in-line engine. This powerhouse is equipped with twin turbocharging, including an exhaust gas turbocharger and an electric auxiliary compressor, delivering a staggering 330 kW (449 hp). The engine generates a maximum torque of 560 Nm, with an over-boost function that temporarily increases torque to 600 Nm for up to 10 seconds. Additionally, the integrated starter generator provides an extra 17 kW (23 hp) of boost power and 205 Nm of torque, while also powering the 48-volt on-board electrical system.

The vehicle’s performance is further enhanced by the AMG SPEEDSHIFT TCT 9G transmission and the fully variable AMG Performance 4MATIC+ all-wheel drive system. These features ensure optimal power distribution and driving dynamics, making every journey a thrill.

Comprehensive Standard Equipment

The Mercedes-AMG CLE 53 4MATIC+ Cabriolet comes equipped with a host of standard features designed to enhance comfort, safety, and performance. The AMG RIDE CONTROL suspension with adaptive adjustable damping and active rear-axle steering provides a smooth and responsive ride. The Parking package with a reversing camera, the AMG Performance steering wheel in nappa leather, and the anticipatory PRE-SAFE® safety system are also included as standard.

The vehicle features a 65-litre fuel tank, allowing for extended driving ranges. The Cabriolet rolls on 19-inch AMG ten-spoke light-alloy wheels, which are aerodynamically optimized, painted matt black, and feature a high-sheen finish. The front axle is fitted with 9.5 J x 19 wheels with 265/40 R 19 tyres, while the rear axle boasts 11.0 J x 19 wheels with 295/35 R 19 tyres. For those seeking even more customization, 20-inch alloy and forged wheels in various colors are available upon request.

Luxurious Interior

Inside the Mercedes-AMG CLE 53 4MATIC+ Cabriolet, drivers and passengers are treated to a luxurious and sporty environment. The integral front seats are upholstered in ARTICO man-made leather and MICROCUT microfiber, featuring AMG-specific graphics and red contrasting topstitching. These seats provide excellent lateral support, ensuring comfort during spirited driving.

The interior is further enhanced with red seat belts and high-gloss carbon fiber trim elements. For those desiring even more luxury, numerous upholstery options are available in leather and nappa leather, with the AMG crest embossed in the front head restraints.

Tailored Driving Experience

To elevate the driving experience, Mercedes-AMG offers a range of optional packages and features that allow for extensive customization. The AMG DYNAMIC PLUS package, priced at €2,118.20, includes the RACE driving program with drift mode and race start function, as well as the AMG Performance steering wheel in MICROCUT microfiber. Red-painted brake callipers with AMG lettering and active engine mounts add to the vehicle’s sporty appeal.

Additional optional extras include:

AMG Styling Package: €1,588.65
AMG Exterior Carbon Package I: €3,124.35
AMG Exterior Carbon Fibre Package II: €1,853.43
AMG Night Package: €794.33
AMG Night Package II: €582.51
MANUFAKTUR spectral blue magno paint: €4,554.13
AMG Carbon fibre trim: €1,006.15
AMG Performance Advanced Seat Package: €2,277.07
AMG Performance High-End Seat Package: €4,755.36
Burmester® 3D Surround Sound System: €1,175.60
AMG Real Performance Sound: €582.51
AMG TRACK PACE: €264.78
AMG fuel filler cap: €103.79

Ordering Your Mercedes-AMG CLE 53 4MATIC+ Cabriolet

The new Mercedes-AMG CLE 53 4MATIC+ Cabriolet is now available for order. With its blend of high performance, luxurious features, and extensive customization options, this Cabriolet is set to redefine the driving experience. Whether you prefer the thrill of the RACE driving program or the comfort of the AMG RIDE CONTROL suspension, the CLE 53 4MATIC+ Cabriolet has something to offer every driver.

To order your Mercedes-AMG CLE 53 4MATIC+ Cabriolet, visit your local sales partner or configure your dream car online. Don’t miss the opportunity to own this exceptional vehicle and experience the pinnacle of automotive innovation and luxury.

Note: All prices mentioned include 19% VAT but exclude transfer costs or costs for collection from the factory. The specified energy consumption and CO₂ emissions values were determined according to the prescribed WLTP measurement procedure, applicable to the German market.

The Audi Group has demonstrated resilience in the first half of 2024, stabilizing its financial performance despite facing significant market challenges.

According to CFO of Audi Group Struggles In1st Half Of 2024 Jurgen Rittersberger, the company’s efforts to improve efficiency and explore new revenue potentials are paying off, although a challenging road still lies ahead. With the launch of several new models, including the new Audi A5 family and the upcoming Audi A6 e-tron, Audi is showcasing its capability to deliver and adapt in a dynamic market environment.

Financial Highlights of Audi Group

Revenue: €30.9 billion
Operating Profit: €2.0 billion
Net Cash Flow: €1.1 billion
Vehicles Delivered: 843,991
Electric Vehicles Delivered: 76,657 (+1.3%)
Performance Program 14: Enhancing Efficiency
Audi’s Performance Program 14 is a cornerstone of the company’s strategy to navigate current challenges. The program focuses on enhancing operational efficiency and maximizing cost and revenue opportunities. This initiative is crucial as Audi aims to maintain financial stability and support the introduction of new models that cater to evolving consumer demands.

New Models of Audi Group Leading the Charge

CEO Gernot Dollner highlighted the significance of the new Audi A5 family as the harbinger of the next generation of combustion engines. Following closely is the Audi A6 e-tron, set to debut at the end of July, and the new Q5, expected in the fall. These models exemplify Audi’s commitment to innovation and sustainability, reflecting the brand’s strategic pivot towards electric and hybrid vehicles.

Revenue and Profit Margins of Audi Group

Audi reported a revenue of €30.9 billion for the first half of the year, a 9.5 percent decline from the previous year’s strong figures. The operating profit stood at €2.0 billion, with an operating margin of 6.4 percent. These figures underline the economic pressures faced by the company, yet they also highlight Audi’s ability to sustain profitability through strategic initiatives and cost management.

Delivery Trends: BEV Growth Amid Market Challenges

In the first half of 2024, the Audi Group Progressive delivered 843,991 vehicles across its Audi, Bentley, and Lamborghini brands, marking an 8.2 percent decline from the previous year. Notably, deliveries of all-electric models increased by 1.3 percent to 76,657 vehicles. The demand for plug-in hybrids also surged by approximately 61 percent year-on-year, indicating a positive shift towards sustainable vehicle options.

Regional Performance

Europe
In Europe, Audi’s all-electric models maintained stable demand despite changes in subsidy programs. With 48,332 electric cars delivered, this represented only a slight decrease of 1.7 percent from the previous year. Overall, Audi delivered 343,575 vehicles in Europe, a 9.7 percent decline, with Germany showing a significant drop to 102,511 vehicles delivered.

United States
The demand for Audi’s electric models continues to rise in the United States, with a 10.2 percent increase in electric vehicle deliveries, totaling 11,121. However, overall vehicle deliveries in the U.S. were down by 14.2 percent to 92,913 units.

China
In China, Audi maintained robust performance with 320,370 vehicles delivered, a slight decline of 1.9 percent amidst a challenging market environment. This stability underscores Audi’s strong brand presence and consumer loyalty in the region.

Financial Stability and Sustainability

Despite the challenges, Audi Group’s financial performance remained resilient. The company’s net cash flow was €1.1 billion, a decrease of 39.9 percent from the previous year, primarily due to lower results. Audi also improved its ESG rating, achieving a B- rating from ISS ESG, placing it among the highest-rated companies in the automotive sector. This improvement is driven by the expansion of Audi’s electrified fleet, aligning financial success with sustainability goals.

Performance of Bentley, Lamborghini, and Ducati

As part of the Brand Group Progressive, Bentley, Lamborghini, and Ducati contributed positively to Audi’s overall performance. Bentley delivered 5,476 vehicles, Lamborghini increased its deliveries by 4.1 percent to 5,558 models, and Ducati delivered 32,098 motorcycles. Despite some declines in revenue and operating profit for Bentley and Ducati, Lamborghini showed robust growth in revenue and maintained a strong operating margin.

Outlook for 2024

Looking ahead, the Audi Group expects revenue to range between €63 billion and €68 billion for the full year 2024. The operating margin forecast has been adjusted to between 6 to 8 percent, considering expected restructuring expenses. The net cash flow forecast remains unchanged at €2.5 to 3.5 billion, indicating continued financial stability.

Conclusion

The first half of 2024 has been a period of adaptation and resilience for the Audi Group. With strategic initiatives like Performance Program 14 and the launch of innovative new models, Audi is well-positioned to navigate the challenges ahead. The company’s focus on efficiency, sustainability, and market responsiveness underscores its commitment to delivering value to customers and stakeholders alike.

As Audi continues to innovate and expand its portfolio, the brand’s ability to stabilize earnings amidst a volatile market demonstrates its strength and strategic vision. With a robust plan in place and a promising lineup of new models, Audi is poised to drive forward in the second half of the year and beyond.

Mercedes-Benz Group AG (ticker symbol: MBG) has reported robust financial results for the second quarter of 2024, demonstrating the company’s resilience and strategic acumen in a challenging global economic environment. The group’s performance was bolstered by strong operational efficiency, healthy sales of cars and vans, and a clear focus on maintaining profitability.

Performance Highlights

In Q2 2024, Mercedes-Benz Cars achieved an adjusted Return on Sales (RoS) of 10.2%, while Mercedes-Benz Vans reported an impressive 17.5% RoS. Mercedes-Benz Mobility posted an adjusted Return on Equity (RoE) of 8.4%. The group’s Earnings Before Interest and Taxes (EBIT) reached €4.0 billion, marking a 5% increase from Q1 2024, although it was slightly lower than Q2 2023’s €5.0 billion.

Cash Generation and Share Buyback

The Mercedes-Benz Group generated a solid free cash flow of €1.6 billion from its industrial business, reflecting strong cash conversion rates at both the cars and vans segments. The group has also continued its share buyback program with a volume reaching €2.8 billion in Q2 2024. Since the inception of the buyback programs in March 2023, the company has repurchased shares worth €5.1 billion as of June 30, 2024.

Strengthening Battery Development and Technological Advancements

The Mercedes-Benz Group has made significant strides in enhancing its battery development capabilities. The establishment of the new e-Campus competence center for battery technologies marks a pivotal development in this area.

Moreover, Mercedes-Benz has advanced its Automatic Lane Change capability in Europe, a testament to the company’s commitment to integrating cutting-edge technologies into its vehicles.

Q2 Financial Performance in Detail of Mercedes-Benz Group

Group Revenue and EBIT: The group revenue for Q2 2024 stood at €36.7 billion, slightly lower than the €38.2 billion reported in Q2 2023. The group’s EBIT was €4.0 billion, a 19.1% decrease from the €4.988 billion recorded in the same period last year.

Net Profit and Earnings Per Share: The net profit for Q2 2024 was €3.062 billion, down 15.9% from Q2 2023’s €3.641 billion. Earnings per share (EPS) also saw a decline, reaching €2.95 from €3.34 in Q2 2023.

Investments and R&D: The group’s investments in property, plant, and equipment totaled €0.9 billion in Q2 2024, up from €0.8 billion in Q2 2023. Research and development expenditure was €2.3 billion, slightly down from €2.4 billion in the previous year.

Divisional Performance of Mercedes-Benz Group

Mercedes-Benz Cars: The adjusted EBIT for Mercedes-Benz Cars was €2.8 billion, a decrease from €3.8 billion in Q2 2023. Despite lower sales volumes, the segment achieved an adjusted RoS of 10.2%, up from 9.0% in Q1 2024. Unit sales reached 496,712 in Q2 2024, a 7% increase from Q1, driven by improved product availability in key markets like China and the United States.

Mercedes-Benz Vans: The vans segment reported an adjusted EBIT of €834 million, up 5% from €792 million in Q2 2023. The adjusted RoS improved to 17.5% from 15.5% in the same period last year. Global sales remained stable at 103,435 units, with the division benefiting from healthy net pricing and favorable material costs.

Mercedes-Benz Mobility: This division saw its adjusted EBIT decline to €271 million from €448 million in Q2 2023, primarily due to a lower interest margin and higher credit risk costs. The adjusted RoE decreased to 8.4% from 12.8% in the previous year. The total portfolio remained steady at €135.7 billion, matching the year-end 2023 figure.

Outlook for 2024

The Mercedes-Benz Group maintains a cautious yet optimistic outlook for the remainder of 2024. The group expects unit sales of Mercedes-Benz Cars to remain at the prior-year level, with a potential increase in the second half of the year driven by the full availability of new E-Class and GLC models and a rise in Top-End Vehicle sales.

Adjusted RoS Guidance:

Mercedes-Benz Cars: 10%-11%
Mercedes-Benz Vans: 14%-15%
Mercedes-Benz Mobility: 8.5%-9.5%
The group anticipates a slight decrease in Group EBIT compared to the previous year, while the Group revenue is expected to remain stable. Free cash flow from the industrial business is projected to be slightly below the strong levels of 2023.

Geographical Market Insights:

Europe: Improved overall sentiment with steady market conditions.
China: Cautious outlook due to macroeconomic uncertainties and intense competition in the Entry and Core segments.
United States: Positive momentum with expected year-over-year growth in sales, particularly driven by the GLC model.

Conclusion

Mercedes-Benz Group AG’s Q2 2024 results highlight the company’s ability to navigate a challenging economic landscape while maintaining solid financial performance. With strategic investments in technology and battery development, coupled with robust cash generation and share buyback initiatives, Mercedes-Benz is well-positioned to achieve its financial targets and continue delivering value to its shareholders.

SUZUKI JIMNY, FRONX has discounts on Nexa dealers. Maruti Suzuki offers substantial discounts on popular models, making them even more attractive to potential buyers. These enhanced benefits come as part of a strategic move to boost sales and appeal to a broader audience.

Maruti Suzuki Jimny Discounts for July 2024

The Jimny, a favorite among off-road enthusiasts, now features its most significant discount since its launch. Previously, the maximum discount was Rs 2.5 lakh. However, in July 2024, this figure has increased by Rs 80,000, bringing the total discount to a whopping Rs 3.3 lakh. This is a golden opportunity for those looking to invest in this rugged and reliable SUV.

Detailed Breakdown of Jimny Discounts:

Alpha Trim: Buyers opting for the top-end Alpha trim can avail a cash discount of Rs 1.8 lakh. Additionally, those who choose the Maruti Suzuki Smart Finance (MSSF) scheme can enjoy an extra Rs 1.5 lakh off, totaling benefits worth Rs 3.3 lakh.
Zeta Trim: The Zeta variant offers benefits up to Rs 2.75 lakh when combined with the MSSF scheme.
The Maruti Suzuki Jimny is priced between Rs 12.74 lakh and Rs 14.95 lakh before applying these substantial discounts. This aggressive pricing strategy makes the Jimny an even more compelling choice for those seeking a capable and stylish off-roader.

Maruti Suzuki Fronx Discounts for July 2024

Similarly, the Maruti Fronx, another popular model, sees increased discounts this month. The benefits for the turbo-petrol variants have risen from Rs 75,000 to Rs 85,500, offering significant savings for prospective buyers.

Detailed Breakdown of Fronx Discounts:

Turbo-Petrol Variants:

Total Benefits: Up to Rs 85,500
Cash Discount: Rs 32,500
Exchange Bonus: Rs 10,000
Velocity Edition Kit: Now priced at Rs 43,000
Petrol Variants:

Manual Transmission: Benefits up to Rs 32,500
Automatic Transmission: Benefits up to Rs 35,000
CNG Model: Buyers of the CNG variant can enjoy a discount of Rs 10,000.

These discounts make the Fronx an even more attractive option for those looking for a versatile and efficient compact SUV. The increased benefits reflect Maruti Suzuki’s commitment to providing value and driving satisfaction to its customers.

Strategic Discounts to Boost Sales

The enhanced discounts on the Jimny and Fronx come at a strategic time. By increasing the financial incentives, Maruti Suzuki aims to attract a wider range of buyers, from off-road enthusiasts to urban drivers looking for a reliable and stylish vehicle. The Maruti Suzuki Smart Finance (MSSF) scheme plays a crucial role in these offers, providing additional savings and making the purchasing process more accessible and straightforward.

Conclusion

July 2024 presents an exceptional opportunity for potential buyers to invest in the Maruti Jimny and Fronx, with the most significant discounts to date. The increased benefits reflect Maruti Suzuki’s dedication to offering top-tier vehicles at competitive prices, ensuring customer satisfaction and driving enjoyment. Whether you’re looking for the rugged capabilities of the Jimny or the versatile efficiency of the Fronx, these discounts make it an ideal time to make a purchase. Visit your nearest Nexa dealer to take advantage of these incredible offers and drive home in a new Maruti Suzuki vehicle today.

Superior Range and Efficient Performance

The Audi Q4 35 e-tron is equipped with a 55 kWh (52 kWh net) battery, enabling a range of up to 355 kilometers for the compact SUV and 365 kilometers for the Sportback. The battery’s charge level can increase from 10% to 80% in just 25 minutes at a fast-charging station, thanks to improved cell chemistry. This quick charging capability allows for up to 125 kilometers (Sportback: 130 kilometers) of range to be added in just ten minutes. The maximum DC charging power is 145 kW, ensuring rapid and efficient recharging.

Robust Powertrain of Q4 35 e-tron

The Q4 35 e-tron boasts a permanently excited synchronous machine (PSM) delivering 125 kW (170 hp) and 310 Nm of torque. This powertrain allows the vehicle to accelerate from 0 to 100 km/h in 9.0 seconds, with a top speed of 160 km/h. The sophisticated thermal management system, featuring energy-saving cooling and a water-cooling jacket on the stator, ensures optimal performance and longevity of the drivetrain components.

Integrated Technology for a Connected Drive

Audi’s innovative approach to in-car technology is evident in the Q4 35 e-tron. For the first time, the Audi Application Store is available in the Multi-Media Interface (MMI), providing direct access to a wide range of popular third-party apps, such as Spotify and Audible. This feature eliminates the need for a smartphone connection, offering convenience and enhancing the driving experience.

The vehicle includes a 25 GB data package for one year, activated via Cubic Telecom, allowing for seamless app usage. The data connection utilizes the vehicle’s external aerial, ensuring improved reception quality and preserving the smartphone’s battery life.

Enhanced Navigation and Voice Control

The Q4 35 e-tron features an advanced navigation system that allows for precise charging planning. The smartphone interface seamlessly connects the phone to the vehicle, bringing navigation, telephony, music, and selected third-party apps directly to the MMI touch display.

In addition, Audi has integrated Chat-GPT into the online voice input system. This advanced voice control feature, provided via Microsoft’s Azure Open-AI Service, allows drivers to control infotainment, navigation, and air conditioning, and ask everyday questions in natural language. This extended voice control enhances safety by enabling drivers to keep their focus on the road.

Comprehensive Standard Equipment

The Audi Q4 35 e-tron comes with extensive standard equipment, starting at €45,600. Key features include Audi MMI navigation plus, Audi Connect navigation and infotainment, and a fully digital 10.25-inch Audi virtual cockpit instrument cluster. The vehicle also includes an electrically operated boot lid that responds to foot gestures when combined with the optional convenience key, and heated front seats for added comfort.

The Audi Q4 35 e-tron pricing

Audi continues to revolutionize the electric vehicle market with its latest entry-level variant, the Audi Q4 35 e-tron. Priced at €45,600, this all-electric premium model combines comprehensive standard equipment, impressive range, and superior driving performance. The Sportback version, with its elegant rear design, starts at €47,600. Available for order from July, the Audi Q4 35 e-tron is set to make waves in the all-electric premium compact segment.

Conclusion

The Audi Q4 35 e-tron represents an attractive entry into electric mobility, offering a blend of advanced technology, efficient performance, and comprehensive standard equipment. With its competitive pricing and impressive range, the Q4 35 e-tron is poised to become a popular choice in the all-electric premium compact segment. The integration of cutting-edge features, such as the Audi Application Store and Chat-GPT voice control, ensures that the Q4 35 e-tron provides a modern, connected, and enjoyable driving experience.

The MINI Cooper S 5-door model is a perfect blend of distinctive functionality, innovative assistance systems, and the iconic MINI design.

The MINI Cooper S 5-door variant stands out, especially in the Favoured Trim with the brand-typical Multitone Roof. Powered by an efficient four-cylinder gasoline engine with 150 kW/204 hp, the MINI Cooper S 5-door guarantees an exhilarating driving experience.

Spacious and Comfortable Design

The MINI Cooper S 5-door offers more space and comfort compared to its three-door counterpart. It is 172 mm longer and has a 72 mm larger wheelbase. Despite its compact external dimensions, short overhangs, and a small turning circle of 11.4 meters, it remains a versatile vehicle for urban environments. The increased tire diameter to 625 mm enhances its visual presence and improves driving dynamics and comfort. The 60:40 folding rear seats expand the luggage compartment from 275 liters to up to 925 liters, emphasizing the MINI’s universal appeal of providing plenty of space within a small footprint.

Efficient Gasoline Engine for Sporty Mobility

The MINI Cooper S 5-door is equipped with a four-cylinder engine that produces 150 kW/204 hp. This engine, combined with a maximum torque of 300 Nm, accelerates the vehicle to 100 km/h in just 6.8 seconds and reaches a top speed of 242 km/h. It also boasts a combined fuel consumption of 6.8 — 6.3 l/100 km and combined CO2 emissions of 152 — 141 g/km according to WLTP standards.

The increased track width and longer wheelbase, combined with a precisely tuned suspension and damping system, ensure a comfortable ride and lively handling. The precise steering feel, powerful brakes, and highly prestressed stabilizer bearings on the axles contribute to balanced body behavior during dynamic cornering and enhanced steering precision.

Favoured Trim with Individual Expression

The MINI Cooper S 5-door is available in four different trim variants, each focusing on different vehicle characteristics. The Favoured Trim highlights the front grille frame and specific design elements in vibrant silver, enhancing the vehicle’s individual expression. The new MINI design is showcased in the color Icy Sunshine Blue. Aerodynamic rim designs ranging from 16 inches to 18 inches offer further exterior customization options.

Minimalistic and Innovative Interior

The interior of the MINI Cooper S 5-door is characterized by textile surfaces that create a comfortable atmosphere. A specially developed knitting process produces the easy-care, versatile structure of the textile made from recycled polyester. The perforated vescin sports seats are available in Nightshade Blue and Beige, featuring traditional accent stitching.

The cockpit design of the new MINI Cooper S 5-door is reminiscent of the puristic design of the classic Mini. It features a round OLED display that allows for touch or voice operation of all vehicle functions. The upper area displays vehicle-related information, while the lower part allows direct selection of menu items such as Navigation, Media, Telephone, and Climate.

The characteristic toggle switch strip provides direct access to the parking brake, gear selector, start/stop key, experience mode, and volume control functions. The center console offers more storage space with an open shelf for smartphones, which can be charged wirelessly and kept within easy reach.

Advanced Driver Assistance Systems

The new MINI Cooper S 5-door is equipped with advanced driver assistance systems to make everyday life easier. With 12 ultrasonic sensors and four surround-view cameras, the Parking Assistant Plus can identify parking spaces more precisely and independently initiate parking processes. The MINI Digital Key Plus transforms a smartphone into a key, triggering welcome projections from the front and rear lights when the driver is within three meters of the vehicle and unlocking the doors at a distance of less than one and a half meters. This digital key can be transferred to various users, simplifying car sharing and eliminating the need for a classic vehicle key.

In summary, the MINI Cooper S 5-door offers a perfect combination of space, comfort, sporty performance, and advanced technology, making it an ideal choice for those seeking a versatile and enjoyable driving experience.