Tag: Audi

Audi cars to get costly in India from 2024

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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For those considering the purchase of an Audi, time is of the essence. The renowned sports and luxury automaker, Audi India, has revealed a forthcoming price increase spanning its entire model lineup. The ex-showroom prices will see an up to 2% hike, effective from January 1, 2024, in response to escalating input costs.

Balbir Singh Dhillon, Head of Audi India said, “Achieving profitability through a sustainable business model remains a critical part of Audi India’s strategy, and we are committed to providing the best to our customers. Due to rising supply-chain-related input and operational costs, we have effected a price correction across our model range, maintaining the brand’s premium price positioning.”

He added, “The price correction aims to ensure sustainable growth for Audi India and our dealer partners, and we will ensure that the price hike’s impact is as minimal as possible for customers.”

The luxury car maker recorded 88% growth, with 5,530 units retailed between January and September. Audi saw a huge demand for the A4, Q3, Q3 Sportback, Q5, and S5 Sportback this festive season. The luxury car maker also saw good demand for its luxury electric vehicles, the Q8 e-tron and the Q8 Sportback e-tron.

Delhi and Mumbai were the biggest markets for Audi in the festive season. Good demand was also registered from Hyderabad, Kolkata, Chennai, Bengaluru, and Ahmedabad.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Festive surge: Mercedes and Audi set records with strong luxury car sales in India

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Luxury carmakers Mercedes and Audi have dispatched record units this festive season as the demand for high-end cars continues to grow in the country.

Driven by brisk sales throughout the year, the luxury car industry in India is hopeful of achieving its best-ever performance this year.

In an interaction with PTI, Mercedes-Benz India managing director Santosh Iyer said the festive season this year from Onam to Diwali has been better than last year’s, owing to multiple new launches, an attractive portfolio and also strong customer sentiment.

“We have seen record deliveries during Dussehra, Dhanteras and Diwali reflecting customer enthusiasm,” he noted.

Iyer said the automaker continues to have a positive industry outlook, expecting record sales this year. It however expects supply chain-related disruptions to continue to pose challenges, affecting the production and availability of SUVs, especially the GLC.

Also Read: Global EV sales stay strong, China hits record despite end of subsidies

“We continue to have a positive industry outlook, expecting record sales this year. However, we forecast supply chain-related disruptions to continue in the coming months as well.”

Audi India Head Balbir Singh Dhillon said the company has witnessed an 88% growth with 5,530 units retailed in January-September 2023. “We have been operating with one of our highest-order banks in recent times. This festive period marked bigger celebrations for Audi India as we witnessed our highest-ever festive season sales in the last seven years,” he added.

Growth was on the back of sustained demand for our best-sellers including the A4, Q3, Q3 Sportback, Q5 and S5 Sportback, Dhillon said. “Delhi and Mumbai continued to lead the demand for our products in the festive season. We also continue to witness good demand from Hyderabad, Kolkata, Chennai, Bengaluru, and Ahmedabad,” he added.

This year, the luxury car industry in India will surpass 2018 volumes and reach the 46,000-47,000 unit mark, Dhillon noted. “As a company, we are looking to end the year with a high double-digit growth,” he added.

BMW Group India President Vikram Pawah said the company has launched some powerful products both cars and motorcycles in the festive period. “We will keep this momentum going,” he added.

Also Read: Festive cheer: Bajaj Auto says 2-wheeler industry growth at 15-18% so far

Lamborghini India Head Sharad Agarwal said India is one of the fastest growing markets globally and has the 3rd largest millionaire population.

The Indian luxury car market was valued at $1.06 billion in 2021 and is expected to reach over $1.54 billion by 2027, registering a CAGR of more than 6.4% during the forecast period 2022-2027, he noted.

“This growth is driven by the evolution of customer taste and preferences and hence the automobile segment is seeing substantial expansion with increasing demand for luxury cars with advanced tech and safety features,” Agarwal stated.

The growth is further supported by better road infrastructure pan India, cities are being linked by expressways which coupled with high aspirations is driving demand from tier 2’s and beyond, he added. “For Lamborghini itself today more than 25% of sales is from non-metro cities,” he said.

The 89-day festive period this year between August 17 and November 14 saw overall passenger vehicle retail sales cross the 10 lakh mark. The 71-day festive season last year had witnessed sales of around 8.10 lakh units.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Indians vroom this festive season: auto sales likely up 8-10%

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The four-month-long festive season has turned out to be positive for the auto industry, with preliminary estimates suggesting strong sales. Sources in automobile dealerships and luxury carmaker Audi indicated good demand and sales in the festive season.

“Sales have been good in this festive season. The trend has been positive, and we can expect the industry to clock at least an 8–10% jump this festive season in comparison to the previous festive season,” sources in the dealership industry said.

The auto retailer body, the Federation of Automobile Dealers Associations (FADA), will be releasing its 42-day festive period data soon.

Like its peers, Audi India also witnessed growth in the festive season. In an exclusive response to CNBC-TV18, Balbir Singh Dhillon, Head of Audi India, said, “We have been operating with one of our highest-order banks in recent times. While we don’t share a breakup of sales, this festive season marked bigger celebrations for Audi India as we witnessed growth on the back of sustained demand.”

The luxury car maker recorded 88% growth, with 5,530 units retailed between January and September. Audi saw a huge demand for the A4, Q3, Q3 Sportback, Q5, and S5 Sportback this festive season.

The luxury car maker also saw good demand for its luxury electric vehicles, the Q8 e-tron and the Q8 Sportback e-tron.

Delhi and Mumbai were the biggest markets for Audi in the festive season. Good demand was also registered from Hyderabad, Kolkata, Chennai, Bengaluru, and Ahmedabad.

Optimistic on volumes, Dhillon said, “This year, the luxury car industry in India will surpass 2018 volumes and reach the 46-47,000 mark, and we are looking to end the year with high double-digit growth.”

As per FADA data in Navratri 2023, retail sales registered an 18% YoY jump, surpassing the figures of Navratri 2017.

Except for tractors, which saw an 8% decline, all categories registered growth with two-wheelers, three-wheelers, commercial vehicles, and passenger vehicles registered a growth of 22%, 43%, 9%, and 7%, respectively.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Mercedes, Lexus, and Audi anticipate a surge in sales during festive season

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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New Delhi: Luxury carmakers Mercedes-Benz, Lexus and Audi expect sales momentum to continue in the ongoing festive season with demand remaining robust for high-end cars.

With offtake remaining strong, the festive season push could even see the luxury car segment posting its highest-ever volumes in a year in 2023. In an interaction with PTI, Mercedes-Benz India Managing Director and CEO Santosh Iyer noted that the festive season looks very promising as compared with last year.

”This year the festive season is spread across four months and we are optimistic as we started on a very positive note, from Onam onwards,” he stated.

With a strong demand primarily driven by recent launches and buoyant customer sentiment, Mercedes-Benz expects the growth momentum to continue, Iyer said.

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Lexus India President Naveen Soni said the luxury car market continues to grow in the country.

”This year, the demand for high-end cars has brought cheer to the industry. Luxury cars, as a market segment, are growing at a healthy pace,” he said.

Rising numbers of high net-worth individuals, millennials, high levels of disposable incomes and well-travelled consumers coupled with stable economic growth are fuelling this growth, he noted.

”At Lexus, we have already overtaken sales of 2022 and expect an equally strong momentum from the second quarter to carry well in the coming festive period. Customer sentiments have perked up, and fresh bookings remain strong,” Soni said.

To further offer greater value to customers this festive season, the automaker has introduced the limited edition of its sports coupe, LC 500h, he said. The company has also opened bookings for the new-generation LM multipurpose vehicle, he added.

Also Read: Maruti Suzuki sees positive demand trends for this festive season

”This is a new category for Lexus in India, and we’re confident that this will redefine the ultra-luxury mobility experience,” Soni said.

Audi India head Balbir Singh Dhillon said the company retailed 3,474 units in the first half of this year witnessing a strong 97 per cent growth.

”Our SUVs have witnessed a growth of 217 per cent and our performance cars have grown by 127 per cent. With the festive season, we are expecting this demand and growth to continue,” he noted.

The company continues to see strong demand for models like A4, A6, Q3, and Q5, among others, Dhillon said.

”With our recent launches, Q8 e-tron and Q8 Sportback e-tron, we now have the widest EV portfolio in the segment. We are confident of good demand during the festive season for our electric range,” Dhillon said.

The company has recently launched Q8 Limited Edition for the festive season and will be introducing more products during the season, he added.

”Evolving demographics and favourable economic conditions are leading to growth in the luxury car market,” Dhillon said.

The company is on a growth path and expects to close the year with high double-digit growth, he added.

It is expected that the overall domestic passenger vehicle sales will cross the 10 lakh-unit sales mark in the festive period this year.

The 68-day festive period this year falls between August 17 and November 14.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Auto this week: Audi launches Q8 e-tron, Ola Electric introduces super-sports bike and more

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The third week of August saw some exciting launches in the automobile world. Audi launched the Q8 e-tron in India, while Kawasaki introduced its highly anticipated Ninja H2 SX and H2 SXE. Apart from that, there were some interesting launches by Ola as well.

Let’s look at some of the major launches in the car and two-wheeler segment this week:

Audi introduces the Q8 e-tron and Sportback versions

Audi has launched its latest electric SUV, the Q8 e-tron in India, with two body variants. The exterior of the Q8 e-tron comes with minor cosmetic improvements, including a new mesh design for the grille, a new light bar connecting the headlamps, a new Audi emblem in solid white, edgier bumpers, and a gloss black front chin. The SUV version of the Q8 e-tron starts at Rs 1.14 crore, while the Sportback version starts at Rs 1.18 crore (ex-showroom).

Justin Bieber Vespa edition in India

The Indian subsidiary of Italian automaker Piaggio, Piaggio Vehicles, has developed a limited-edition Vespa scooter in India that has been inspired by the Canadian pop sensation and music superstar, Justin Bieber. The newly launched scooter was designed in collaboration with Justin Bieber. The scooter is available in a monochrome-white colour scheme. The newly launched Justin Bieber X Vespa edition will cost Rs 6.45 lakh (ex-showroom) in India.

Ola Electric introduces a range of S1X EV scooters

Ola Electric has announced the launch of the Ola S1X EV scooters at its ‘End Ice Age, Part 1’ event, which began on August 15. The Ola S1X range comes with three e-scooters, which are the Ola S1X (3KWH), Ola S1X (2KW), and Ola S1X + (3KWH). The Ola S1X (2KWH) is priced at Rs 89,999, the Ola S1X (3KWH) at Rs 99,999, and the Ola S1X+ (3KWH) at Rs 1,09,000.

Ola Unveils the First Look of the Super Sport Bike Diamond Head

At its ‘End Ice Age, Part 1’ event, Ola Electric unveiled its super-sports bike, Diamond Head. The debut was part of a drive towards electric vehicles (EVs), with the goal of putting an end to the ‘age’ of ICE, or internal combustion engine scooters. Apart from that, the team also introduced other sports bikes like the Cruiser, Adventure, and Roadster.

Kawasaki Ninja H2 SX and Ninja H2 SX SE

Kawasaki India has introduced the 2024 Ninja H2 SX and Ninja H2 SX SE. The company launched the new Kawasaki Ninja H2 SX and the Ninja H2 SX SE with a 998cc supercharged inline four-cylinder motor with an output rated at 200 bhp and 137.3 nm. Along with that, the engine is linked to a six-speed gearbox as well. The Ninja H2 SX is priced at Rs 31.95 lakh (ex-showroom in India), while the Ninja H2 SX SE is available at Rs 32.95 lakh (ex-showroom in India).

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

German car industry faces years of chip shortage, says Audi executive

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Semiconductor shortages that have created bottlenecks for Germany’s car industry will take years to resolve despite chipmakers’ plans to build factories in the country, a senior Audi manager was quoted as saying on Friday.

German automakers and electronics producers have been hit hard by manufacturing delays, caused by a global shortfall of chips. Executives and policymakers are re-thinking supply lines and trying to reduce reliance on a handful of Asian and US chip suppliers.

Berlin has been courting the world’s largest contract chipmakers with billions of euros in subsidies. Chipmakers such as US Intel and Taiwan’s TSMC this year announced plans to build factories in Germany.

“It takes years, after all. It’s about billions of dollars are being invested,” Renate Vachenauer, head of procurement at Volkswagen-owned Audi, was quoted as saying by Augsburger Allgemeine newspaper.

Vachenauer said carmakers could ease the bottlenecks by reducing the varieties of chips used from the 8,000 different types in vehicles today.

“We have to use many levers to stabilise the supply of semiconductors and also stock up on the broker market to some extent,” she added.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Li Auto plans to become China’s top-selling premium car brand in 2024, overtaking BMW, Mercedes, Audi

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Li Auto said it aimed to outsell BMW, Mercedes-Benz and Audi in China in 2024 as the up-and-coming Chinese automaker accelerates rollouts of new models and ramps up production.

“We would strive to become the no.1 premium car brand in China in 2024 in terms of sales,” Li Auto’s CEO Li Xiang told investors on Tuesday night, adding that the company could achieve a monthly delivery of 40,000 units in the fourth quarter after a production ramp-up. 

Founded in 2015, Li Auto will launch its first pure battery-electric model MEGA at the end of this year and expects it to be the top-selling model among all cars priced above 500,000 yuan ($69,315) with all types of fuels in China, Li said.

The company will launch four new models next year including three EVs, he said.

Also Read: Ola Electric to launch S1X e-scooter for under Rs 1 lakh on August 15

A price war started by Tesla in January had pressured Chinese EV startups like Nio and Xpeng to face sales slumps and expanding losses in the first half.

But Li Auto managed to gain market share in the segment of cars priced above 300,000 yuan and grow profits this year with four extended-range hybrid vehicles targeting family users. 

The company posted a positive net income for the third consecutive time in the second quarter, which saw an increase of 147% from the net income in the first quarter.

It delivered 173,251 cars in the first seven months of this year, increasing 145 percent from the same period a year ago. The company targeted to deliver more than 100,000 vehicles in the third quarter. 

Monthly sales of BMW, Mercedes-Benz and Audi, which are selling at deep discounts via dealers this year, ranged between 31,500 and 70,000 units, respectively, in the first half, according to data from the China Association of Automobile Manufacturers.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Overdrive | Unveiling new upgrades and exciting features of Audi Q8 e-tron and Kia Seltos

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Audi has rebranded the e-tron as the Q8 e-tron, equipping it with a larger, denser battery pack to significantly improve the driving range. Alongside some cosmetic upgrades, the vehicle boasts enhanced features. Discover the value proposition of this new electric vehicle (EV) and its potential impact on the market.

The Audi Q8 e-tron, including the Sportback variant, is set to be launched on August 18.

Considering adopting an EV lifestyle? Driving range remains a crucial factor, but Audi has taken care of this concern by providing the Q8 e-tron with a larger battery pack and enhancing driving dynamics, making it an exhilarating and enjoyable driving experience.

Also, there is an updated version of the Kia Seltos. While it features a few exterior and interior tweaks, the most exciting additions are a new 1.5-liter engine and Level 2 ADAS (advanced driver assistance systems) functions, promising a captivating driving experience.

For more details, watch the accompanying video

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Indian luxury car brands set to breach all-time sales record this year

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian luxury car segment is driving towards an all-time high sales this year with the big three, Mercedes-Benz, BMW and Audi, posting record numbers in the first half of 2023.

In the January-June period this year, German luxury carmaker Mercedes-Benz posted its best-ever half-yearly sales in India at 8,528 units, a growth of 13 per cent over 7,573 units in the year-ago period.

Similarly, compatriot BMW Group also posted record sales of 5,867 units of luxury cars across its BMW and MINI brands during the period, its best half-yearly sales in India.

Another German luxury carmaker, Audi, posted a 97 per cent jump in retail sales in India at 3,474 units in the first half of 2023 as compared to 1,765 units in the January to June period in 2022.

“Our estimate is that in the first six months (of the year) about 21,000 cars have been sold in the luxury space and normally H2 (second half) is better than H1. So, our estimate is that the whole luxury cars segment should be close to about 46,000-47,000 cars this year, which definitely is all-time high,” Audi India Head Balbir Singh Dhillon told PTI.

The previous record was about 40,000 units in 2018, he said, adding after that the luxury segment had suffered in 2019 because of the “economic situation” and from 2020 onwards the pandemic had hampered growth.

“So this is a resurgent year, everybody’s growing. Somebody is growing stronger than the other. That’s what reality is and will always be,” he added.

Similarly, BMW Group India President Vikram Pawah said, “In the second half also we will break records… It will be even better (than H1) with supplies becoming normal. We’ll be having a record year if all things remain constant in the economy. The demand seems strong, the product line-up is strong, further enhanced by the launch of the new X5 and response is strong.” On the reasons behind the robust growth in the luxury segment, he said apart from new launches and models fueling growth, the strong economy of India is playing a key role.

“We have a strong economy. Sentiment is positive, earnings are going up for people. We are not facing the same inflationary pressures that some of the western countries are facing at the moment. For us it’s still a reasonable level here, it is high but not dramatically high. There is a solid foundation in the Indian economy and the Indian system which gives us that possibility of growth,” Pawah said.

Additionally, Mercedes-Benz India Managing Director & CEO, Santosh Iyer said other factors like stock market being at an all time high and corporate India earnings also registering strong growth, there has been better bonuses and payouts and a lot of companies are also buying cars.

“Right now, there is a very strong momentum and also a very conscious shift to luxury cars. So the demand continues and we see no reason for that to change as of now,” Iyer said.

Bullish on the Indian luxury vehicles market, Dhillon said,”We believe that the medium to long term growth story is intact, not only the overall car segment will grow, but the luxury segment will also grow. Today, we are just about 1 per cent of the overall car segment, we believe by 2030 we should become 2 per cent.” When asked if the luxury car segment in India is close to fulfilling its potential, Pawah said, “It is still far away but we are headed in the right direction.” As compared to Asian economies which are developing or just newly developed where the luxury car penetration is between 5 to 8 per cent of the industry, India is still at 1 per cent, he reasoned.

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3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Watch Audi’s incredible new concept car being tested out in the mountains of Austria

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The influence of Artificial Intelligence is becoming pervasive, with carmaker Audi introducing its ‘Activesphere’ concept vehicle earlier this year. This all-electric luxury SUV as per the company serves as a platform for showcasing potential future technologies for the Volkswagen luxury brand.

The ‘Activesphere’ concept vehicle comes equipped with augmented reality glasses and a unique capability to transform into a small pickup truck.

In a video walkthrough by the YouTube channel Supercar Blondie, the care was tested out in the mountains of Austria.

Watch the video here

An immersive driving experience

One standout attribute is the SUV’s rear glass, which slides forward, creating an open-air space that functions as a flatbed trunk for hauling objects. Audi aptly refers to this versatile cargo bed as the “active back.”

The augmented reality glasses serve as a replacement for traditional screens, offering a streamlined and unobstructed dashboard. They display gauges, controls, and other essential elements, eliminating the need for physical screens.

This design allows drivers to focus on their surroundings or fully appreciate the vehicle’s aesthetics. Audi describes the vehicle controls and information as an “invisible” or “digital” layer, creating an immersive and seamless driving experience.

Referred to as “Audi Dimensions,” the displays adapt based on the driver’s gaze and anticipated needs. Further hand gestures can be used to control various functions. The versatility of these augmented reality glasses extends beyond the vehicle itself, offering assistance and information for activities such as golfing or hiking. They provide distance measurements, navigation guidance, and even display 3D content and interactive elements, seamlessly integrating with the real environment.

Design choices and autonomous capabilities

In addition to these features, the Activesphere concept vehicle incorporates intriguing design choices. It includes carriage doors, offering a wider entry into the vehicle, as well as a retractable steering wheel that highlights the vehicle’s autonomous capabilities.

It’s worth noting that the “active back” and the augmented reality glasses are conceptual ideas intended to showcase future possibilities rather than immediate production features. Furthermore, the retractable steering wheel is a technology present in all of Audi’s “sphere” concept vehicles, representing the brand’s commitment to personalized and immersive driving experiences.

The “sphere” concept symbolizes the interior space and design philosophy of these vehicles. Prior to the Activesphere, Audi unveiled three other “sphere” concept vehicles: the Skysphere roadster in 2021, followed by the Grandsphere sedan and Urbansphere in April 2022. Each of these vehicles exhibits futuristic design elements and embraces a modular approach, aligning with Audi’s vision for the future of mobility.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow