Audi India announces price hike of 2% effective from 1st June
- The prices of the Audi vehicles have been increased due to the rise in input costs.
Audi India has announced that they will be increasing the prices of their models by up to 2 per cent. The price hike will be effective from June 01, 2024. The luxury manufacturer says that the price hike is done due to a rise in input costs. Audi India retailed 7,027 units in FY23/24 posting an overall 33 per cent growth. Audi Approved which is the pre-owned car business also grew at 50 per cent in FY23/24.
The portfolio of Audi India currently consists of sedans, SUVs, Sportbacks and electric vehicles. The sedans consist of A4, A6 and A8 L. Then there are SUVs, the brand is selling Q3, Q5, Q7, Q8 and RSQ8. The Sportback consists of Q3 Sportback, S5 Sportback and RS5 Sportback. There are five electric vehicles on offer - Q8 55 e-tron, Audi Q8 Sportback 50 e-tron, Q8 Sportback 55 e-tron, e-tron GT and RS e-tron GT.
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Speaking of the price hike, Mr. Balbir Singh Dhillon, Head of Audi India said, “Rising inputs costs are compelling us to increase prices by up to 2 per cent effective June 01, 2024. The price correction aims to ensure sustainable growth for Audi India and our Dealer partners. As always, its our endeavour that the impact of rising costs is as minimal as possible for our customers."
The German auto giant claimed to have sold a total of 7,027 units of passenger vehicles in the last financial year. In the first quarter of this calendar year as well, Audi India retailed 1,046 units, claimed the auto OEM.
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While the automaker registered an impressive 33 per cent growth in new passenger vehicle sales, the company's pre-owned car business Audi Approved: plus recorded a 50 per cent growth in the last fiscal. In the period between January and March 2024, Audi Approved: plus claims to have witnessed a robust growth of 25 per cent.
Audi India has said that despite the notable challenges such as supply chain disruptions, the company has recorded 33 per cent growth. This hints at the rising demand for luxury cars in India. Buoyed by this trend, the car manufacturer believes luxury car sales in India will cross the milestone of 50,000 units annual sales in this calendar year.
