Audi, the German luxury car manufacturer, has declared a price hike of up to two percent across its model lineup in India due to escalating input and transportation expenses. The revised prices will come into effect from June 1.
Balbir Singh Dhillon, Head of Audi India, stated, “Rising inputs costs are compelling us to increase prices by up to two per cent effective June 1, 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,” he added.
This announcement follows a similar move made last year when Audi announced a price increase of up to two percent across its model range in India, effective January 1, 2024.
Audi India reported retail sales of 7,027 units in the fiscal year 2023-24, marking a substantial 33 percent growth. However, the first quarter of 2024 saw challenges, with sales of 1,046 units, mainly attributed to supply chain disruptions compared to the corresponding period last year.
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