IANS | 25 Apr, 2024
German luxury car manufacturer Audi on Thursday announced a price
hike of up to two per cent across its model range in India owing to
rising input and transportation costs.
The price hike will be effective from June 1.
"Rising
inputs costs are compelling us to increase prices by up to two per cent
effective June 1, 2024," Balbir Singh Dhillon, Head of Audi India, said
in a statement.
"The price correction aims to ensure sustainable
growth for Audi India and our Dealer partners. As always, it's our
endeavour that the impact of rising costs is as minimal as possible for
our customers," he added.
Last year, the luxury car manufacturer
also announced a price increase of up to two per cent across its model
range in the country. This hike was effective from January 1, 2024.
Audi
India has retailed 7,027 units in FY 2023-24 posting an overall 33 per
cent growth. It retailed 1,046 units in the first quarter (Q1) of 2024
encountering notable challenges with sales compared to the corresponding
period last year, primarily due to supply chain disruptions.
