Audi India announces price hike effective from 16th Mar 2013
Audi Indi has announced a price hike across their Q Range of SUVs and performance cars. On an average, the Audi Q Range in India, which consists of Q3, Q5 and Q7, will now be dearer by 2.5%. While the price of sporty performance range – Audi R8 and Audi RS5 has been increased by as much as 15%.
“According to the 2013-14 Union Budget there has been an upward revision in Customs Duty and Excise Duty, based on conditional clause on select models. Due to this development we are forced to make a correction in our prices. We understand the overall market scenario is challenging, however, we are offering the customers customized and innovative finance options from Audi Finance which will make their purchase more attractive.” said Michael Perschke, Head, Audi India.
“In spite of the challenges, Audi is the growth driver of the luxury car market in India. We grew by 29 percent in February this year with a sale of 775 units. Our network is also growing from strength to strength with 25 dealerships pan-India. We opened new world-class Audi showrooms in Mumbai South and Lucknow so far this year. Keeping our performance in mind, we are confident of maintaining sales growth this year”, added Mr. Perschke.