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Ferrari accelerates India push as 'market of the future', targets younger buyers while guarding exclusivity
Benedetto Vigna, CEO of Ferrari, who has been driving around Indian roads, talks about the need to be closer to the clients, how their Indian customer is younger than in the rest of the world and why Ferrari always makes one less car than what the market demands
Chinese EVs win over some in South Korea, but Japan is proving to be a rougher road
Chinese electric vehicle makers such as BYD are making inroads into South Korea, challenging established domestic brands with competitively priced models and growing dealership networks. BYD has sold more than 20,000 vehicles in the country in the first nine months of the year, overtaking Toyota and Lexus combined. Japan, however, has proved a tougher market due to low EV adoption, consumer preference for hybrids and scepticism towards Chinese brands.
From buying a $6 million house from Nick Jonas to a huge mansion in California: Here’s a look at Naomi Osaka’s multi-million dollar real estate portfolio
Naomi Osaka has become one of the highest-paid female athletes through her endorsements and tennis wins. She started investing in real estate at a young age after achieving significant success. Osaka purchased a modern home in Beverly Hills from Nick Jonas and later sold it for a profit. After selling that property, she bought a mansion in Los Angeles from Nick and Vanessa Lachey.
These mid-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%, according to analysts
When a market is as jittery as it is right now, poor numbers are treated harshly. A new-age company in the business of buying and selling used cars reported numbers that fell short, and the street punished the stock severely. But it is not just the clear misses. Anything that is well-owned and presents disappointing numbers is seeing double-digit cuts.
Meet Phil Knight, Nike co-founder who sold shoes from his car trunk in 1964, 61 years later, he and his wife pledged $2 billion to a cancer institute
Phil Knight was a runner at the University of Oregon and later studied at Stanford Graduate School of Business. While studying there, he looked for the possibility of selling affordable and high-quality Japanese running shoes in the US. At that time, German shoes were very prominent. Knight then sold shoes directly to runners.
Lifestyle inflation: Earning more, saving less? How to enjoy life without sacrificing your financial goals
Find out how lifestyle creep undermines wealth creation and how to enjoy a better standard of living without sacrificing your financial goals.
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Technology overtakes brand in influencing India’s car-buying decisions: Report
Technology and advanced features have outpaced brand loyalty in influencing car purchases among Indian consumers. A recent Bain & Co survey reveals that 68% of premium car buyers prefer established brands. Furthermore, around 80% of Indian buyers utilize AI during their car purchase journey. The survey also found a significant openness towards electric vehicles among consumers, particularly among younger generations.
Virender Sehwag’s money lesson to sons: How a Rs 7,000 petrol bill taught Nawab of Najafgarh’s kids the value of money
Virender Sehwag has shared a money lesson that every parent should teach kids. The Nawab of Najafgarh shares how a Rs 7,000 petrol bill taught his sons Aryavir and Vedant the value of money, sharing his advice on luxury, materialism and handling criticism.
Ferrari accelerates India expansion, opens doors to EU trade pact benefits
Ferrari is expanding its presence in India by opening dealerships in Chennai and Ahmedabad. The company aims to take advantage of the proposed EU-India trade agreement, which could lower import duties on luxury vehicles. Ferrari’s CEO emphasized the importance of developing relationships with Indian customers and enthusiasts. The automaker has also unveiled an electric vehicle at its first exhibition in India.
Driving a wedge in the EU EV market
Chinese automobile companies are presenting their advanced technologies at the Paris auto show to attract European buyers. European car manufacturers face challenges in transitioning to electric vehicles due to investments in battery capacity. As competition intensifies, Chinese firms view Europe as a crucial market for growth and exports. The European market's dependence on fuel imports may favor electric vehicles over traditional fuel-powered ones.
Conor McGregor's 'dumbest' purchase was a $4 million Lamborghini Yacht: Inside the former UFC Champion's 'floating supercar'
Conor McGregor, once celebrated as a UFC champion, now regards his Lamborghini yacht purchase as an unfortunate financial misstep. With a price tag around $4 million, the yacht is known for its luxury and speed, yet McGregor reflects on a period of reckless spending. His changing financial perspectives serve as a lesson in personal growth, reminding him of both his triumphs and miscalculations.
Diwali Sale 2026: Buying fridge, AC, or washing machine online? Here’s how to get the best deal on big appliances and save more
Online sales of big appliances are growing at 25% as the festive sales begin. The Kagan 2026 Asia-Pacific Consumer Insights survey by S&P Global Market Intelligence, conducted in June 2026 among 1,000 internet adults each in China, South Korea and India, shows that most Indian respondents still primarily make retail purchases from stores.
Jaguar has reinvented itself with a 1,016-hp electric car. But its biggest challenge may not be Tesla
Jaguar has introduced the Type 01, a new electric grand tourer that showcases their rebranding efforts. This vehicle features a powerful 1,016-horsepower electric motor and starts at a price of $130,500. Jaguar aims to attract luxury buyers and shift its focus away from traditional design elements. The company faces challenges in distinguishing itself amid a crowded electric vehicle market.
ET Achievers 2026: Bengaluru’s icons step into the limelight.
ET Achievers 2026 is set to take place on October 12 at JW Marriott in Bengaluru. The event, organized by Optimal Media Solutions, will celebrate individuals and organizations achieving success across various industries. Actor Shriya Saran will be the chief guest, adding glamour to the proceedings. An ET Brand Equity keynote address will provide insight into leadership perspectives during the event.
Audi India mulling local production of electric car, aims to double market share in 3-5 years
Audi India is considering local manufacturing of a battery electric vehicle, with a decision expected in the next few months. The luxury carmaker aims to double its market share from around 8% to 15-16% over the next three to five years through new product launches, customer-focused initiatives and dealership expansion, particularly in tier-II and tier-III cities. The proposed India-EU free trade agreement could also help Audi introduce more models to test demand.
Owner sees 2 employees coming to work on two wheeler in harsh winter, gifts Rs 45 lakh BMWs to them
A restaurant owner in China's Henan province gifted two employees brand-new BMW cars worth around Rs 43 lakh each after seeing them commute on electric scooters in cold weather. Ma Yanli said her employees' hard work contributed to her business success.
Why electric vehicles sales are lukewarm in America, but hot in Europe
Electric vehicle sales in the United States have dropped 30.7% this year following the expiration of a federal subsidy. In contrast, European buyers have embraced electric vehicles, significantly increasing their market share amid rising fuel prices. Many US automakers have discontinued electric models, with buyers shifting towards hybrids and used EVs. Meanwhile, certain EV-only brands like Tesla and Rivian continue to perform better than traditional automakers' electric offerings.
These mid-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%, according to analysts
In the short term, be ready for volatility, and do not mistake the passing of one big event for an all-clear. In the long term, give up trying to guess when the storm will end. That is not something anyone can do.
Tata Motors' Jaguar rolls out £130,000 Type 01 luxury EV as British brand begins electric reboot
Jaguar has unveiled the Type 01, a luxury electric grand tourer with a price tag of £130,000. Orders are set to open in early 2027, and deliveries are expected later that year. This model signifies Jaguar's transformation into an all-electric luxury brand after a two-year hiatus. The Type 01 boasts advanced technology, impressive performance specifications, and a design inspired by classic models.
Food stall owner brings Rolls-Royce Phantom worth Rs 10 crore at shop, sales get doubled
A Singapore hawker’s decision to arrive at his food stall in a Rolls-Royce Phantom created a buzz on social media after a video of his arrival went viral. Muhammad Ezam Abdul Gani said the attention helped daily sales rise from about $600 to more than $1,200, while the video attracted over 500,000 views and sparked speculation about the luxury car.
Louis Vuitton goes sheer and fluid for a hotter world
Nicolas Ghesquiere showcased a spring/summer 2027 collection that highlights the impact of climate change on fashion. The collection features lightweight fabrics and streamlined silhouettes to adapt to warmer temperatures. Ghesquiere emphasized the complexity of creating light garments while maintaining functionality and relevance. Celebrity guests, including Felix and Brigitte Macron, attended the show, which featured minimalist designs with limited monogram use.
Lucki stabbing incident: His history of beef with Playboi Carti explained as alleged violent clash leaves him bleeding at ComplexCon
Lucki was reportedly injured during an altercation at ComplexCon, with viral videos appearing to show blood around his neck as security escorted him to a car. While several reports linked the incident to Playboi Carti’s entourage, the exact nature of Lucki’s injury and what triggered the clash remain unconfirmed. The incident has also brought back attention to the rappers’ 2024 dispute over Lucki’s “Crossed up” chain post, which Carti reportedly took as a diss before Lucki denied targeting him.
ET Business Excellence & Leadership Summit 2026: Celebrating visionaries redefining growth & leadership
The ET Business Excellence & Leadership Summit 2026 brought together leaders to discuss brand development, innovation, and sustainability. Panel discussions featured prominent voices discussing resilience and leadership in uncertain times. A felicitation ceremony honored individuals and organizations for their contributions across various sectors. Key insights emphasized the importance of collaboration and strategic thinking in driving future success
Global business leaders and visionaries honoured at ET Indo Global Leaders 2026 in Dubai
In Dubai, the ET Indo Global Leaders 2026 event brought together key figures to celebrate the synergy between India and the UAE in business and entrepreneurship. A series of networking sessions led into impactful discussions regarding India's economic impact worldwide and the dynamics of the luxury real estate market. Leaders exchanged knowledge on sustainable growth strategies and market competitiveness.
Jeetendra lives in a Rs 200-crore Krishna bungalow in Mumbai's Juhu featurin family portraits, a large Ganesh temple and spaces for family gatherings
Jeetendra's journey from a modest upbringing in Girgaon's Shyam Sadan chawl to wealth showcases family success. The Kapoor family’s property holdings include the significant 'Krishna' bungalow in Juhu, valued at Rs 200 crore. Jeetendra's business career as chairman of Balaji Telefilms accompanies his acting legacy. His daughter Ektaa has expanded the family's media empire, increasing her net worth substantially.
Malaika Arora lives in Mumbai home featuring balcony garden overlooking the city skyline, spacious dining area, monochrome artwork, a glass divider, neutral interiors and festive décor during Diwali and Christmas
Malaika Arora house tour: The actor lives in a contemporary Mumbai home that showcases her sense of style and comfort. Her living space features a blend of modern and classic elements, including a large dining table for gatherings. The balcony garden serves as a tranquil retreat with views of the Mumbai skyline. During festivals, her home gets a decorative makeover that adds warmth and vibrancy.
It's the right time to invest in India: Swiss luxury watchmaker Baume & Mercier CEO
Swiss luxury watchmakers, particularly Baume & Mercier, are planning significant investments in India due to the India-EFTA trade pact. Despite currency challenges, the company sees strong long-term potential and growth in the Indian market. Indian consumers are increasingly favoring authentic watch designs and automatic features, signaling a shift in preferences. Baume & Mercier's performance has exceeded expectations, driven by its expanding product offerings and local partnerships.
Mass market automakers gaining ground in the premium segment; Mercedes, BMW work out different strategies to drive growth
India’s luxury car market remains around 1% of passenger vehicle sales, but competition is widening as brands such as Toyota, Kia, MG and BYD have entered the premium segment with high-priced models.
Audi India starts local assembly of Audi Q3 in Chhatrapati Sambhajinagar
Audi has commenced local assembly of the Q3 model at the Skoda Auto Volkswagen plant in Chhatrapati Sambhajinagar. The new model is expected to launch on October 16, reflecting the company's growth trajectory in India. Piyush Arora mentioned that this milestone highlights the capabilities of the local facility, reinforcing Audi’s commitment to the Indian market.
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