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The Advertiser
03-07-2025
- Automotive
- The Advertiser
Look out, Lexus! Zeekr could offer Australia's most sumptuous people mover
Zeekr Australia wants to spice up the local people mover market by launching the ultra-luxurious 009 Grand Down Under, although its arrival is contingent on as-yet unconfirmed right-hand drive production. The standard 009 went on sale in Australia late last year, offered in either seven-seat or six-seat configurations, priced at $135,900 and $139,900 before on-road costs, respectively. Sales have gradually increased since launch – 66 have been sold this year to the end of June – although the Lexus LM (163 deliveries) and Mercedes-Benz V-Class (141) remain the preferred options in the premium people mover space. That hasn't stopped Zeekr's local team from enquiring about the Grand, which hit the Chinese market a few months ago at roughly double the price of the standard 009 variants. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. "We are exploring ways to launch it in Australia officially at the moment," Zeekr Australia marketing boss, Andrew Haurissa told local media in Sydney. "With the 009 present in the local market, that makes a compelling argument to have the Grand here." While the Grand would be welcomed to Australian showrooms, there's no guarantee it will be produced in right-hand drive at this stage. Zeekr is in the process of investigating the viability of a conversion for the Grand, which will be informed by the sales performance of other 009 variants across the globe. "The right-hand drive is here but only as a six- or seven-seater, we are investigating the possibility of the Grand, not only for Australia but for all right-hand drive market depending on customer needs and the business case," said Zeekr global product marketing director Tony Zhou. "The Grand version is a new variant that only launched in China a few months ago in left-hand drive. To convert from left- to right-hand drive takes time, including the product development, engineering and homologation. "We need a positive business case, which we are investigating now. The performance of the current versions will give us the confidence to deliver the Grand version, because the Grand is positioned much higher than current versions, which means the price will be much higher. "Just look at the price in China, it's around double the normal versions. Converting to right-hand drive the price will be much higher, how many customers will choose this one? And given the volume assumptions, what will be the business case?" Based on pricing in the Chinese market and the costs involved in readying a vehicle for sale in Australia, it would be reasonable to expect that the 009 Grand could retail for north of $250,000 locally, making it the most expensive people mover on sale. The 009 is one of two Zeekr models currently available in Australia, alongside the compact X electric SUV. Both will be joined by the larger 7X SUV later this year, with a further SUV offering to come in 2026. Mr Zhou says that the brand wants to avoid overcrowding its Australian showrooms at this early stage. "We need to consider the product lineup here, because we have two versions already, the X, and the 7X coming, we're going to have a new model next year, it's about whether the showrooms can contain so many variants," said Mr Zhou. Zeekr markets the 009 as a luxury people mover, but the Grand elevates that premium positioning to another level. For starters, the third row of seats has been deleted to maximise second row passenger legroom. Instead, the rear section houses a pair of airplane-style individual seats with 24-way electric adjustment, 12 zones of support, heating, ventilation, and massage functions. There's also a huge divider between the front and rear compartments, like the Lexus LM. The cabin is now trimmed in hand-polished stainless-steel elements and natural Himalayan marble, while entertainment is delivered through a 43-inch mini-LED screen and 31-speaker Yamaha sound system. VIP passengers can also enjoy full privacy courtesy of light curtain glass technology that offers adjustable window tinting, and ice-cold refreshments thanks to an 18-litre mini fridge. Like the base 009, the Grand features a dual-motor electric powertrain that can propel the people mover from 0-100km/h in 3.9 seconds in this application. Zeekr quotes 702km of driving range on the more optimistic CLTC testing cycle. MORE: Explore the Zeekr 009 showroom Content originally sourced from: Zeekr Australia wants to spice up the local people mover market by launching the ultra-luxurious 009 Grand Down Under, although its arrival is contingent on as-yet unconfirmed right-hand drive production. The standard 009 went on sale in Australia late last year, offered in either seven-seat or six-seat configurations, priced at $135,900 and $139,900 before on-road costs, respectively. Sales have gradually increased since launch – 66 have been sold this year to the end of June – although the Lexus LM (163 deliveries) and Mercedes-Benz V-Class (141) remain the preferred options in the premium people mover space. That hasn't stopped Zeekr's local team from enquiring about the Grand, which hit the Chinese market a few months ago at roughly double the price of the standard 009 variants. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. "We are exploring ways to launch it in Australia officially at the moment," Zeekr Australia marketing boss, Andrew Haurissa told local media in Sydney. "With the 009 present in the local market, that makes a compelling argument to have the Grand here." While the Grand would be welcomed to Australian showrooms, there's no guarantee it will be produced in right-hand drive at this stage. Zeekr is in the process of investigating the viability of a conversion for the Grand, which will be informed by the sales performance of other 009 variants across the globe. "The right-hand drive is here but only as a six- or seven-seater, we are investigating the possibility of the Grand, not only for Australia but for all right-hand drive market depending on customer needs and the business case," said Zeekr global product marketing director Tony Zhou. "The Grand version is a new variant that only launched in China a few months ago in left-hand drive. To convert from left- to right-hand drive takes time, including the product development, engineering and homologation. "We need a positive business case, which we are investigating now. The performance of the current versions will give us the confidence to deliver the Grand version, because the Grand is positioned much higher than current versions, which means the price will be much higher. "Just look at the price in China, it's around double the normal versions. Converting to right-hand drive the price will be much higher, how many customers will choose this one? And given the volume assumptions, what will be the business case?" Based on pricing in the Chinese market and the costs involved in readying a vehicle for sale in Australia, it would be reasonable to expect that the 009 Grand could retail for north of $250,000 locally, making it the most expensive people mover on sale. The 009 is one of two Zeekr models currently available in Australia, alongside the compact X electric SUV. Both will be joined by the larger 7X SUV later this year, with a further SUV offering to come in 2026. Mr Zhou says that the brand wants to avoid overcrowding its Australian showrooms at this early stage. "We need to consider the product lineup here, because we have two versions already, the X, and the 7X coming, we're going to have a new model next year, it's about whether the showrooms can contain so many variants," said Mr Zhou. Zeekr markets the 009 as a luxury people mover, but the Grand elevates that premium positioning to another level. For starters, the third row of seats has been deleted to maximise second row passenger legroom. Instead, the rear section houses a pair of airplane-style individual seats with 24-way electric adjustment, 12 zones of support, heating, ventilation, and massage functions. There's also a huge divider between the front and rear compartments, like the Lexus LM. The cabin is now trimmed in hand-polished stainless-steel elements and natural Himalayan marble, while entertainment is delivered through a 43-inch mini-LED screen and 31-speaker Yamaha sound system. VIP passengers can also enjoy full privacy courtesy of light curtain glass technology that offers adjustable window tinting, and ice-cold refreshments thanks to an 18-litre mini fridge. Like the base 009, the Grand features a dual-motor electric powertrain that can propel the people mover from 0-100km/h in 3.9 seconds in this application. Zeekr quotes 702km of driving range on the more optimistic CLTC testing cycle. MORE: Explore the Zeekr 009 showroom Content originally sourced from: Zeekr Australia wants to spice up the local people mover market by launching the ultra-luxurious 009 Grand Down Under, although its arrival is contingent on as-yet unconfirmed right-hand drive production. The standard 009 went on sale in Australia late last year, offered in either seven-seat or six-seat configurations, priced at $135,900 and $139,900 before on-road costs, respectively. Sales have gradually increased since launch – 66 have been sold this year to the end of June – although the Lexus LM (163 deliveries) and Mercedes-Benz V-Class (141) remain the preferred options in the premium people mover space. That hasn't stopped Zeekr's local team from enquiring about the Grand, which hit the Chinese market a few months ago at roughly double the price of the standard 009 variants. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. "We are exploring ways to launch it in Australia officially at the moment," Zeekr Australia marketing boss, Andrew Haurissa told local media in Sydney. "With the 009 present in the local market, that makes a compelling argument to have the Grand here." While the Grand would be welcomed to Australian showrooms, there's no guarantee it will be produced in right-hand drive at this stage. Zeekr is in the process of investigating the viability of a conversion for the Grand, which will be informed by the sales performance of other 009 variants across the globe. "The right-hand drive is here but only as a six- or seven-seater, we are investigating the possibility of the Grand, not only for Australia but for all right-hand drive market depending on customer needs and the business case," said Zeekr global product marketing director Tony Zhou. "The Grand version is a new variant that only launched in China a few months ago in left-hand drive. To convert from left- to right-hand drive takes time, including the product development, engineering and homologation. "We need a positive business case, which we are investigating now. The performance of the current versions will give us the confidence to deliver the Grand version, because the Grand is positioned much higher than current versions, which means the price will be much higher. "Just look at the price in China, it's around double the normal versions. Converting to right-hand drive the price will be much higher, how many customers will choose this one? And given the volume assumptions, what will be the business case?" Based on pricing in the Chinese market and the costs involved in readying a vehicle for sale in Australia, it would be reasonable to expect that the 009 Grand could retail for north of $250,000 locally, making it the most expensive people mover on sale. The 009 is one of two Zeekr models currently available in Australia, alongside the compact X electric SUV. Both will be joined by the larger 7X SUV later this year, with a further SUV offering to come in 2026. Mr Zhou says that the brand wants to avoid overcrowding its Australian showrooms at this early stage. "We need to consider the product lineup here, because we have two versions already, the X, and the 7X coming, we're going to have a new model next year, it's about whether the showrooms can contain so many variants," said Mr Zhou. Zeekr markets the 009 as a luxury people mover, but the Grand elevates that premium positioning to another level. For starters, the third row of seats has been deleted to maximise second row passenger legroom. Instead, the rear section houses a pair of airplane-style individual seats with 24-way electric adjustment, 12 zones of support, heating, ventilation, and massage functions. There's also a huge divider between the front and rear compartments, like the Lexus LM. The cabin is now trimmed in hand-polished stainless-steel elements and natural Himalayan marble, while entertainment is delivered through a 43-inch mini-LED screen and 31-speaker Yamaha sound system. VIP passengers can also enjoy full privacy courtesy of light curtain glass technology that offers adjustable window tinting, and ice-cold refreshments thanks to an 18-litre mini fridge. Like the base 009, the Grand features a dual-motor electric powertrain that can propel the people mover from 0-100km/h in 3.9 seconds in this application. Zeekr quotes 702km of driving range on the more optimistic CLTC testing cycle. MORE: Explore the Zeekr 009 showroom Content originally sourced from: Zeekr Australia wants to spice up the local people mover market by launching the ultra-luxurious 009 Grand Down Under, although its arrival is contingent on as-yet unconfirmed right-hand drive production. The standard 009 went on sale in Australia late last year, offered in either seven-seat or six-seat configurations, priced at $135,900 and $139,900 before on-road costs, respectively. Sales have gradually increased since launch – 66 have been sold this year to the end of June – although the Lexus LM (163 deliveries) and Mercedes-Benz V-Class (141) remain the preferred options in the premium people mover space. That hasn't stopped Zeekr's local team from enquiring about the Grand, which hit the Chinese market a few months ago at roughly double the price of the standard 009 variants. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. "We are exploring ways to launch it in Australia officially at the moment," Zeekr Australia marketing boss, Andrew Haurissa told local media in Sydney. "With the 009 present in the local market, that makes a compelling argument to have the Grand here." While the Grand would be welcomed to Australian showrooms, there's no guarantee it will be produced in right-hand drive at this stage. Zeekr is in the process of investigating the viability of a conversion for the Grand, which will be informed by the sales performance of other 009 variants across the globe. "The right-hand drive is here but only as a six- or seven-seater, we are investigating the possibility of the Grand, not only for Australia but for all right-hand drive market depending on customer needs and the business case," said Zeekr global product marketing director Tony Zhou. "The Grand version is a new variant that only launched in China a few months ago in left-hand drive. To convert from left- to right-hand drive takes time, including the product development, engineering and homologation. "We need a positive business case, which we are investigating now. The performance of the current versions will give us the confidence to deliver the Grand version, because the Grand is positioned much higher than current versions, which means the price will be much higher. "Just look at the price in China, it's around double the normal versions. Converting to right-hand drive the price will be much higher, how many customers will choose this one? And given the volume assumptions, what will be the business case?" Based on pricing in the Chinese market and the costs involved in readying a vehicle for sale in Australia, it would be reasonable to expect that the 009 Grand could retail for north of $250,000 locally, making it the most expensive people mover on sale. The 009 is one of two Zeekr models currently available in Australia, alongside the compact X electric SUV. Both will be joined by the larger 7X SUV later this year, with a further SUV offering to come in 2026. Mr Zhou says that the brand wants to avoid overcrowding its Australian showrooms at this early stage. "We need to consider the product lineup here, because we have two versions already, the X, and the 7X coming, we're going to have a new model next year, it's about whether the showrooms can contain so many variants," said Mr Zhou. Zeekr markets the 009 as a luxury people mover, but the Grand elevates that premium positioning to another level. For starters, the third row of seats has been deleted to maximise second row passenger legroom. Instead, the rear section houses a pair of airplane-style individual seats with 24-way electric adjustment, 12 zones of support, heating, ventilation, and massage functions. There's also a huge divider between the front and rear compartments, like the Lexus LM. The cabin is now trimmed in hand-polished stainless-steel elements and natural Himalayan marble, while entertainment is delivered through a 43-inch mini-LED screen and 31-speaker Yamaha sound system. VIP passengers can also enjoy full privacy courtesy of light curtain glass technology that offers adjustable window tinting, and ice-cold refreshments thanks to an 18-litre mini fridge. Like the base 009, the Grand features a dual-motor electric powertrain that can propel the people mover from 0-100km/h in 3.9 seconds in this application. Zeekr quotes 702km of driving range on the more optimistic CLTC testing cycle. MORE: Explore the Zeekr 009 showroom Content originally sourced from:
Economic Times
20-05-2025
- Automotive
- Economic Times
Strategic acquisition, expanding reach key to future growth of IPO-bound Belrise
Live Events Business Valuation (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel IPO dates: May 21-23, 2025IPO price: Rs85-90Issue size: Upto Rs2,150 croreImplied market cap: Upto Rs8,009 croreFace value: Rs5Lot size: 166Retail portion: 35%Pune headquartered Belrise Industries, an auto ancillary company, plans to raise Rs2,150 crore through a fresh issue of equity to repay partial debt. The promoter group's stake will fall to 73% after the IPO from 100%. Its product portfolio consists of automotive sheet metal & casting parts, polymer components, suspension & mirror systems. Its recent acquisition of H-One India is likely to improve the product portfolio. However, its operating margin before depreciation and amortisation (EBITDA margin) has been declining since the past two years. The debt-equity ratio at around one is higher than 0.1-0.4 for some of the peers. It is expected to reduce after the IPO, which in turn may bring down interest expenses. Though the IPO valuation is cheaper than peers, investors may wait to see improved financial performance after in 1996, Belrise Industries specializes in component manufacturing for automotive & white goods industries. It has also started delivering e-mobility components & subsystems. As of March 31, 2025, the company operated 17 manufacturing facilities across 10 cities in nine states across India. As of December 31, 2024, the company serviced 29 original equipment makers (OEMs) globally. Exports contributed 25% to revenue in the nine months to December. In March 2025, Belrise acquired H-One India, a subsidiary of Japan's H-One Company, to enhance capabilities in metal stamping and fabrication for 4-Wheelers. The company plans to expand the distribution network to over 150 points across India within the next 2 grew by 18% annually to Rs7,484 crore between FY22 and FY24 while net profit rose by 9% to Rs311 crore. EBITDA margin declined gradually from 14.2% in FY22 to 12.5% in FY24. In the nine-months to December 2024, revenue grew by a modest 1% to Rs6,013.4 crore while net profit reduced by 17% to Rs245.5 crore due to higher finance cost and higher deferred tax credit in the year-ago period. EBITDA margin remained constant at 12.8%.Considering the post-IPO equity and annualised net profit for the nine months to December 2024, the company demands a price-earnings (P/E) multiple of upto 24 compared with P/Es between 42 and 80 for peers including Motherson Sumi Wiring India Minda Corporation and JBM Auto
Time of India
20-05-2025
- Automotive
- Time of India
Strategic acquisition, expanding reach key to future growth of IPO-bound Belrise
IPO dates: May 21-23, 2025 IPO price: Rs85-90 Issue size: Upto Rs2,150 crore by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Implied market cap: Upto Rs8,009 crore Face value: Rs5 Lot size: 166 Retail portion: 35% Pune headquartered Belrise Industries, an auto ancillary company, plans to raise Rs2,150 crore through a fresh issue of equity to repay partial debt. The promoter group's stake will fall to 73% after the IPO from 100%. Its product portfolio consists of automotive sheet metal & casting parts, polymer components, suspension & mirror systems. Its recent acquisition of H-One India is likely to improve the product portfolio. However, its operating margin before depreciation and amortisation (EBITDA margin) has been declining since the past two years. The debt-equity ratio at around one is higher than 0.1-0.4 for some of the peers. It is expected to reduce after the IPO, which in turn may bring down interest expenses. Though the IPO valuation is cheaper than peers, investors may wait to see improved financial performance after listing. Live Events Business Incorporated in 1996, Belrise Industries specializes in component manufacturing for automotive & white goods industries. It has also started delivering e-mobility components & subsystems. As of March 31, 2025, the company operated 17 manufacturing facilities across 10 cities in nine states across India. As of December 31, 2024, the company serviced 29 original equipment makers (OEMs) globally. Exports contributed 25% to revenue in the nine months to December. In March 2025, Belrise acquired H-One India, a subsidiary of Japan's H-One Company, to enhance capabilities in metal stamping and fabrication for 4-Wheelers. The company plans to expand the distribution network to over 150 points across India within the next 2 years. Financials Revenue grew by 18% annually to Rs7,484 crore between FY22 and FY24 while net profit rose by 9% to Rs311 crore. EBITDA margin declined gradually from 14.2% in FY22 to 12.5% in FY24. In the nine-months to December 2024, revenue grew by a modest 1% to Rs6,013.4 crore while net profit reduced by 17% to Rs245.5 crore due to higher finance cost and higher deferred tax credit in the year-ago period. EBITDA margin remained constant at 12.8%. Valuation Considering the post-IPO equity and annualised net profit for the nine months to December 2024, the company demands a price-earnings (P/E) multiple of upto 24 compared with P/Es between 42 and 80 for peers including Motherson Sumi Wiring India , Minda Corporation and JBM Auto .
