KEY HIGHLIGHTS
- Audi India to raise prices across all models, effective June 1, 2024
- 2 per cent increase in the price value
- 7,027 units sold in FY23/24, showing a 33 per cent growth
Audi India has announced that they will be increasing the prices of their model range. However, this price hike will not come into effect immediately. Instead, it will be implemented starting from the 1st of June, 2024. Let's jump into the details but before that, make sure to join our 91Wheels WhatsApp Group community of petrolheads to never miss out on any updates from the automotive world.
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Audi India Confirms Price Surge Across Full Range
Audi has announced a 2% price increase across its range of vehicles. This means that the cost of purchasing an Audi car will go up by 2 percent. The company attributes this price hike to rising input and transportation costs.
Mr. Balbir Singh Dhillon, Head of Audi India said, Rising inputs costs are compelling us to increase prices by up to 2% effective June 01, 2024. 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.
It offers a diverse range of cars in its lineup, including the Audi A4, Audi A6, Audi A8 L, Audi Q3, Audi Q5, Audi Q7, Audi Q8, Audi S5 Sportback, and many more.
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FY24 Witnesses a 33 percent Spike In Retail Sales For Audi India
In the financial year 2023-24, Audi India experienced significant growth in its sales, reporting a total of 7,027 units sold, compared to 5,275 units in the previous fiscal year, marking a remarkable 33 per cent increase in overall sales. This growth is indicative of Audi's strengthened position in the Indian market.
Additionally, Audi's pre-owned car business, Audi Approved: plus, also saw substantial growth, with a 50 per cent increase in sales during the fiscal year 2023-24. Moreover, in the January-March period, this vertical witnessed a 25% growth compared to the same period last year, further underlining the sustained growth and popularity of Audi's pre-owned car segment in India.
Verdict
While this might be an inconvenience for potential buyers, it's a necessary step for Audi to maintain its commitment to quality and service. Customers considering a purchase should act before June 1 to avoid the price hike.
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