Audi, the German luxury car manufacturer, has announced a price adjustment of up to 2% across its model range, attributing it to rising input and transportation expenses. The revised prices are scheduled to come into effect from June 1, 2024.
Balbir Singh Dhillon, Head of Audi India, stated, “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, its our endavour that the impact of rising costs is as minimal as possible for our customers.”
This marks the second price hike announcement for the year. Earlier, the carmaker had announced a 2% price hike, effective from January 1, 2024, across its model range due to escalating input and operational costs.
In FY23/24, Audi India retailed 7,027 units, recording an overall growth of 33%. Additionally, Audi Approved: plus, the pre-owned car business, also experienced significant growth at 50% in FY23/24.
Audi India's current model lineup includes Audi A4, Audi A6, Audi A8 L, Audi Q3, Audi Q3 Sportback, Audi Q5, Audi Q7, Audi Q8, Audi S5 Sportback, Audi RS5 Sportback, Audi RS Q8, Audi Q8 50 e-tron, Audi Q8 55 e-tron, Audi Q8 Sportback 50 e-tron, Audi Q8 Sportback 55 e-tron, Audi e-tron GT, and Audi RS e-tron GT.