Latest news with #Autofest
New Straits Times
08-08-2025
- Automotive
- New Straits Times
DRB-Hicom's EON on track for 12,000 sales despite fierce market competition
SHAH ALAM: DRB-Hicom Bhd's retail arm, Edaran Otomobil Nasional Bhd (EON), aims to sell 12,000 vehicles by year-end, having already reached the halfway mark amid intensifying industry competition. Chief executive officer Akkbar Danial said about 6,000 units have been sold across various models within the EON Group so far this year, keeping the company on track to meet its goal. "We are optimistic about reaching our target. If we just sit and wait, the sales would not happen, but with our own initiatives and uniqueness, we believe we can achieve the numbers," he told reporters at the launch of EON & Sahabat Autofest 2025 here today. The three-day event, which starts on Aug 8, is expected to secure 888 bookings. EON anticipates about 10,000 visitors this year, up from 6,000 last year. Akkbar said while the total industry volume remains stable compared with last year, competition has intensified with more automotive brands entering the market. "That is why EON is finding ways to differentiate itself in the automotive industry to remain relevant and a top choice for customers," he said. On the United States' tariff measures, Akkbar said there is no immediate impact on EON's retail prices as most of its models are completely knocked down (CKD) units assembled in Malaysia. Instead of expanding physical branches aggressively, EON plans to strengthen its digital presence through its EON Online marketplace, which offers real-time booking, payment and service appointment features. "We are continuously assessing how to expand our representation in every state or district. But we need to be more unique. "Simply opening new showrooms would incur high capital expenditure. So we need to be more creative in expanding our presence," Akkbar said. The Autofest, now in its second edition, offers visitors a fully integrated experience across eight interactive zones. These zones bring together a wide range of multi-brand vehicle displays, financing solutions, aftersales services, lifestyle attractions, and family-friendly activities. Early registrants stand a chance to win exclusive collector's items, including the limited Proton Saga 40th Anniversary Hot Wheels edition. Participating brands include Proton, smart, Mitsubishi, Honda, Isuzu, Audi, Volkswagen, and Daihatsu, with strong support from ecosystem partners in finance, insurance, mobility tech, and aftersales. According to Akkbar, attendees will also be able to obtain on-the-spot loan approvals in just 30 minutes through Tras, EON's digital financing platform, in collaboration with partner banks. EON has also introduced the Muamalat EON Visa Infinite-i and Muamalat EON Visa Platinum-i co-branded credit cards through a strategic collaboration with Bank Muamalat Malaysia Bhd.
Time of India
03-07-2025
- Automotive
- Time of India
Volkswagen Autofest July 2025: Exchange bonuses, test drives, finance benefits; Here's what the German engineering in the carnival offers
Volkswagen has officially announced the return of its nationwide exchange carnival, Volkswagen Autofest. This annual event provides a limited-time opportunity for customers across India to upgrade their vehicles and experience Volkswagen's signature German engineering. Hosted at Volkswagen dealerships throughout the country, Autofest combines a variety of offers, including exclusive exchange deals, attractive finance schemes, loyalty rewards, and comprehensive service packages. It's designed to benefit both existing Volkswagen owners and new buyers looking to drive home a premium vehicle. As part of the exchange program, customers can enjoy benefits such as special finance options, loyalty bonuses, complimentary vehicle evaluations, test drives, and additional perks on vehicle servicing and maintenance. Volkswagen states that Autofest reflects the brand's ongoing commitment to offering accessible, high-quality German engineering, supported by a strong service network and a forward-thinking ownership experience. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Lang Dong: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo In parallel, Volkswagen also recently launched the Golf GTI in India. The performance hatchback features a 2.0-liter turbocharged four-cylinder petrol engine, delivering 265 hp and 370 Nm of torque, mated to a 7-speed dual-clutch automatic transmission that powers the front wheels. The Golf GTI is available at a starting price of ₹53 lakh (ex-showroom).
NDTV
02-07-2025
- Automotive
- NDTV
Volkswagen Announces Annual Autofest Exchange Carnival In July 2025
Volkswagen has now announced the return of Volkswagen Autofest, the brand's national exchange carnival. This annual event is designed to offer customers across the country an exceptional opportunity to upgrade their drive and experience the premium engineering of a Volkswagen. Running for a limited period at Volkswagen dealerships nationwide, Volkswagen Autofest brings together exclusive exchange and attractive finance offers, loyalty rewards, and comprehensive service packages, making it the ideal time for prospective buyers to bring home a Volkswagen. Also Read: Rumour Breakdown: Is Tata Motors Really Developing Mini Defender? Mr. Nitin Kohli, Brand Director, Volkswagen India, said, "Volkswagen Autofest is more than just a sales event- it's a celebration of our commitment to offering Indian customers premium mobility solutions with added value. Whether it's the elegant Virtus, the striking Taigun, or the Beyond betteR Tiguan R-Line, Autofest gives customers the perfect gateway to upgrade their driving experience with unmatched benefits." Under Volkswagen's Autofest exchange carnival, customers and existing users can get attractive exchange and loyalty rewards, special finance options, complimentary vehicle evaluation and test drives, and special service and maintenance benefits. The brand claims that the Autofest exchange carnival reflects Volkswagen's continued focus on delivering accessible German engineering, backed by a strong service network and future-ready ownership experience. The event is open to both existing Volkswagen owners and new customers looking to own a car engineered with precision, safety, and style. Volkswagen recently launched the Golf GTI in India is powered by a 2.0-liter four-cylinder turbo-petrol engine that produces 265 hp of power and 370 Nm of torque, paired with a 7-speed dual-clutch automatic transmission that delivers power to the front wheels. It is available at a starting price of Rs 53 lakh (ex-showroom).
