Audi India has retailed 7,027 units in FY23-24 posting an overall growth of 33%. The brand retailed 1,046 units in Q1 2024 encountering notable challenges with sales compared to the corresponding period last year, primarily due to supply chain disruptions.
Balbir Singh Dhillon, Head of Audi India said, "We have seen robust growth of 33% in FY23-24 on the back of a diverse portfolio. Our product portfolio continues to witness strong demand and we are poised to overcome supply challenges."
"Despite ongoing growth in the luxury market, which is tapering off on the back of record-breaking sales in 2023, we are confident about the industry's potential to exceed 50,000 cars in 2024," he added.
Audi further stated that its pre-owned car business grew by 50% in FY23-24 and registered a growth of 25% in the January to March period this year.
The company which has 26 Audi plus approved facilities, will add four more pre-owned car facilities this year, the release noted.