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6:17 pm - Wednesday February 10, 2016

Audi announces a price hike on select models in India

Audi...Business Reporter, Bhopal Audi, the German luxury car manufacturer, today announced an increase in prices of select models in India. The increase on the Audi Q range SUVs is close to 2.5 percent and the sporty performance range – Audi R8 and Audi RS5 is close to 15 percent.

The increase in price is effective from March 16, 2013. “According to the 2013-14 Union Budget there has been an upward revision in Customs Duty and Excise Duty, based on conditional clause on select models. Due to this development we are forced to make a correction in our prices. We understand the overall market scenario is challenging, however, we are offering the customers customized and innovative finance options from Audi Finance which will make their purchase more attractive.” said Michael Perschke, Head, Audi India. “In spite of the challenges, Audi is the growth driver of the luxury car market in India. We grew by 29 percent in February this year with a sale of 775 units. Our network is also growing from strength to strength with 25 dealerships pan-India.

We opened new world-class Audi showrooms in Mumbai South and Lucknow so far this year. Keeping our performance in mind, we are confident of maintaining sales growth this year”, added Mr. Perschke. Globally, Audi delivered more than 110,000 units to customers in February– an increase of 3.2 percent. Overall, Audi’s global deliveries over the first two months of the year increased by 9.4 percent to around 221,800 units, with growth in all three of the company’s large sales regions: Asia, North America and Europe. Recently, Audi Group announced an increase in its operating profit to €5.4 billion for the year 2012, a record result in the company’s history so far. The company has already opened new Audi showrooms in Mumbai South and Lucknow so far this year.

Last year, the luxury carmaker opened new showrooms in Raipur, Kanpur, Goa, Navi Mumbai, Coimbatore, Delhi West, Nagpur and Bhopal. Further developments include Noida and Vadodara among others. The Audi model range in India includes the new Audi A4, Audi A6, Audi A7 Sportback, Audi A8L, Audi Q3, Audi Q5, Audi Q7, Audi S4, Audi RS5 Coupé, Audi TT Coupé, the super sports car new Audi R8 and the new Audi R8 Spyder available across the country: in Ahmedabad, Bengaluru, Bhopal, Chandigarh, Chennai, Coimbatore, Delhi South, Delhi West, Goa, Gurgaon, Hyderabad, Indore, Jaipur, Kanpur, Kochi, Kolkata, Ludhiana, Lucknow, Mumbai West, Mumbai South, Nagpur, Navi Mumbai, Pune, Raipur and Surat.

Posted in: Business

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