In regards to the interim budget 2014-15, Mr. Joe King, Head, Audi India said, “We are happy with the proposals made in the Budget. We welcome the specific steps taken to support the automobile industry. We would be definitely passing on the benefits in reduction of the duties to our customers. The auto industry has been contributing significantly to the GDP and generating employment directly and indirectly and we firmly believe that an upswing in automotive demand will boost overall economic growth.”
Reduction in Excise Duty on Vehicles is as follows. CVs, Small Cars and Two-Wheelers from 12% to 8%; on SUVs from 30% to 24% and on large and mid-sized cars from 27% to 24% and from 24% to 20% respectively.
It comes as no surprise that Audi Q3 S is now available at a price of Rs. 24.37 Lakhs. As bookings re-open, the vehicle is available with 0 down payment and an EMI of Rs 27,700 ( ex-showroom Delhi). Zero down payment is under upgrade scheme with minimum Rs 5 lakh residual value. EMI is under annual bullet scheme. This is a limited availability.
At the time of launch, 125 bookings were received for Audi Q3 S Edition on launch day. Audi Q3 S Edition was launched at a price of Rs 24,99,000/ (ex-showroom New Delhi) and was made available at all dealerships across India from end of August 2013.