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Audi Q7 black edition launched in India

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New Delhi: In a surge of updating the style quotient of the SUV in the Indian market, Audi has also joined the bandwagon. The Audi Q7 Black Edition gets updated exterior for the price of Rs 82.15 lakh (ex-showroom India) and will be limited to 100 units in India.

As the name suggests, the Audi Q7 Black Edition gets a blacked-out grille along with the air intakes in the front. The sides display the gloss black finished door trims. A similar finish can be seen on the B and C pillars along with the wing mirrors. The roof rails and the alloy wheels are also finished in gloss black while the alloy wheels get a matte black finish. The updates are limited to the exterior only, while the cabin and the mechanicals of the SUV stay the same.

The Audi Q7 Black Edition gets the same petrol and diesel option as before – 3.0-litre diesel engine and a 2.0-litre petrol engine. The former produces 249PS while the latter puts out 251PS. Both the engines come mated to an 8-speed automatic gearbox.

Commenting on the announcement, Balbir Singh Dhillon, head of Audi India, said, “Audi has been a pioneer in the luxury SUV segment and the Audi Q7 particularly has maintained competitive advantage ever since its launch. At the top of luxury, our customers want to showcase their individuality and exclusivity; the new Audi Q7 Black Edition will offer our customers just that – great features and innovative accessories in a limited-edition model. We are selling only 100 units of the Audi Q7 Black Edition and are confident that Audi family members and luxury aficionados will grab the opportunity to own this attractive car. To uplift the consumer sentiment this festive season, Government of India’s initiative of 30 per cent depreciation will act like a booster.”

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Zomato acquires UberEats India for nearly Rs 2,500 crore

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New Delhi: Zomato on Tuesday announced that it has acquired Uber’s Food Delivery Business in India in an all-stock deal and Uber will have 9.99 per cent stake in the Deepinder Goyal-led food delivery platform.

According to sources close to the deal, it is in the range of over $350 million or nearly Rs 2,500 crore.

Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective from Tuesday.

“We are proud to have pioneered restaurant discovery and to have created a leading food delivery business across more than 500 cities in India. This acquisition significantly strengthens our position in the category,” said Goyal, Founder and CEO, Zomato.

According to company sources, for the first three quarters of 2019, “our Uber Eats business comprised 3 per cent of our global Eats gross bookings, but was more than 25 per cent of our global Eats Segment Adjusted EBITDA losses”.

Uber started its food delivery service in India around mid-2017, but has not been able to scale up in the face of big players like Zomato and Swiggy.

It currently has nearly 26,000 restuarants listed on its platform from over 40 cities.

The market is piping hot as according to a recent study by business consultancy firm Market Research Future, the online food ordering market in India is likely to grow at over 16 per cent annually to touch $17.02 billion by 2023.

Uber CEO Dara Khosrowshahi said that the Uber Eats team in India has achieved an incredible amount over the last two years.

“India remains an exceptionally important market to Uber and we will continue to invest in growing our local Rides business, which is already the clear category leader,” said Khosrowshahi.

“We have been very impressed by Zomato’s ability to grow rapidly in a capital-efficient manner and we wish them continued success,” he added.

On January 10, Zomato had announced that it has secured $150 million in fresh funding from Ant Financial, a subsidiary of China-based giant Alibaba.

The latest round of funding in Zomato, which currently value the company at $3 billion, is part of $600 million funding round announced by Zomato CEO Goyal at a Delhi event last December.

The deal comes in the wake of merger talks between Zomato and Swiggy, whoch both the companies have denied to date.

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