return to news
  1. Audi to hike vehicle prices by up to 2% from June

Business News

Audi to hike vehicle prices by up to 2% from June

Upstox

1 min read | Updated on April 25, 2024, 13:24 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

Audi India retailed 7,027 units in FY24 posting an overall 33% sales growth. The company sells models like A4, Q3, Q5, RS Q8 in India. The price hike will be effective from June 01, 2024, the automaker said in a statement.

STOCK_PTI5_31_2019_0544-ezgif.com-jpg-to-webp-converter.webp

The price correction aims to ensure sustainable growth for the automaker and its dealer partners, Audi said. Credit: PTI

German automaker Audi on Thursday said it will hike prices of its model range in India by up to 2% from June, in order to offset the impact of rising input and transportation costs.

Open FREE Demat Account within minutes!
Join now

The price hike will be effective from June 01, 2024, the automaker said in a statement.

"Rising input costs are compelling us to increase prices by up to 2% effective June 1, 2024," Audi India Head Balbir Singh Dhillon said.

The price correction aims to ensure sustainable growth for the automaker and its dealer partners, he added.

"It's our endeavour that the impact of rising costs is as minimal as possible for our customers," Dhillon said.

Audi India retailed 7,027 units in FY24 posting an overall 33% sales growth.

The company sells models like A4, Q3, Q5, RS Q8 in India.

This is a PTI story
Volatile markets?
Ride the trend with smart tools.
promotion image

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Next Story