Audi India announces price hike

    Hike in prices to offset rupee fluctuation the carmaker has said.

    Published On Apr 17, 2014 04:43:00 PM

    5,381 Views

    Audi India announces price hike

    Audi showroom. (Representational pic).

    Audi India has announced a price hike of about three percent across its range in the country. The carmaker has said that the price rise is to offset constant fluctuation in forex rate that has led to an increase in its operational costs, and the constant slowdown in the industry. The hike will be effective from May 1st. 
     
    “While Audi has exhibited stellar sales performance in 2013 and in the first quarter of 2014, the overall market scenario has remained challenging with the constant fluctuation in forex rate; thus resulting in a rise in input and operational costs,” Joe King, Head, Audi India said. 
     
    Audi sold 1,104 cars in March this year, highest number of units for the carmaker in a month, and recorded an 18 percent growth year on year. Audi also clocked a sale of 2,740 units in the Jan-March quarter. It sold 10,126 units in the financial year 2014. 
     
     

    Copyright (c) Autocar India. All rights reserved.

    Comments

    ×
    img

    No comments yet. Be the first to comment.

    Ask Autocar Anything about Car and Bike Buying and Maintenance Advices
    Need an expert opinion on your car and bike related queries?
    Ask Now

    Search By Car Price

    Poll of the month

    The Creta will be the third Hyundai N-Line model in India. Should more mass-market brands have sporty sub-brands?

    Yes, it's something special for enthusiasts

     

    18.39%

    Yes, but only if there is increased performance

     

    44.33%

    No, it's just a gimmick to increase the price

     

    29.40%

    It doesn't always work; just look at Tata JTP

     

    7.88%

    Total Votes : 1561
    Sign up for our newsletter

    Get all the latest updates from the automobile universe