Audi to raise prices

German carmaker Audi has said that prices of its model range in India will be hiked by about 3-5 percent from January 1, 2014.

"Various economic factors have put pressure on our business model and resulted in the necessity to increase our prices. Continuing our focus on the customer, we have ensured that the impact is as minimal as possible. Additionally, we are offering the customers customised and innovative finance options from Audi Finance which will make their purchase more attractive," said Joe King, head, Audi India.

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