Audi India

Luxury car segment like a growing startup, may hit 5% of car sales: Audi

Luxury car segment in India, which currently accounts for 1 per cent of the overall car sales in the country, is like a growing startup and it could become decent in size only when it crosses the 5 per cent mark, Audi India head Balbir Dhillon said on Monday. He also said that the company is expecting to do better in sales performance this year after witnessing a dip in volumes in the previous year on account of supply chain issues. Audi India on Monday launched a refreshed version of its RS Q8 performance SUV in India, priced at Rs 2.49 crore. "The luxury car industry in India is like a startup which is still growing but it's growing for sure but it is still very small. I think the (luxury car) industry will become a decent size when we cross a threshold of about 5 per cent (of the overall car market). And I do see this will happen," Dhillon told PTI. Stating that it was not sure how much time would it take, whether 5 years or 10 years or 20 years, to reach the 5 per level, he sai

Audi India reports 26.6% decline in retail sales at 5,816 units in 2024

German luxury carmaker Audi on Wednesday reported a 26.6 per cent decline in retail sales at 5,816 units in 2024 compared to the previous year, impacted by supply chain issues. The company had recorded retail sales of 7,931 units in 2023. "The first half of 2024 brought supply-related challenges for Audi India, yet the continued demand for our products reflects the enduring trust our customers place in the brand. With improved supplies in the second half of 2024, our volumes improved by 36 per cent in quarter four compared to quarter three of 2024," Audi India Head Balbir Singh Dhillon said in a statement. He further said 2024 marked a major milestone of a cumulative 1 lakh cars sold in India. On the outlook for 2025, he said, after finishing 2024 strongly in the fourth quarter the company anticipate sales to grow hereon. "We remain optimistic about the long-term potential of the Indian luxury car market and are committed to delivering exceptional experiences to our customers," ..

Decoded: How Volkswagen Group 'evaded' paying $1.4 billion in tax in India

Volkswagen bypassed the 35 per cent duty imposed on Completely Knocked-Down (CKD) units by misclassifying components as individual parts, according to Indian tax authorities

Audi expects sales to recover next year; anticipates 8-10% growth in 2025

Luxury carmaker Audi India expects sales to be back on track next year after witnessing supply chain disruptions that hampered its performance in 2024, a top company executive said on Thursday. The German carmaker, which on Thursday introduced a new version of its flagship SUV Q7, expects its sales to grow by 8-10 per cent next calender year, recovering from supply chain challenges it faced in the first two quarters of this calender year. "We anticipate luxury car industry growth next year to be in the range of 8-10 per cent. For Audi also we expect similar kind of growth," Audi India Head Balbir Singh Dhillon told PTI in an interaction. He noted that the industry sales growth has tapered down after witnessing huge growth in the last three years. In January-September this year the industry growth has been around 5 per cent, down from over 30 per cent year-on-year growth witnessed in the last three years. "Still we believe that the luxury car industry will cross the 50,000 unit-mar

Royal Enfield initiates global recall over safety issue with reflectors

Although there have been no major incidents reported, Royal Enfield is recalling these motorcycles as a precautionary measure to maintain high safety standards

From EMIs to discounts, luxury car companies switch to festive gear

According to industry analysts, luxury car sales have remained steady, with a slight uptick in vehicle values driving overall revenue growth

No hybrid, our focus remains on petrol and electric: Audi India Head

Audi India sold 7,027 units in 2023-24, recording a 33 per cent year-on-year growth. In 2022-23, Audi India had sold 5,275 units. However, the company is facing challenges due to supply chain issues

Audi India reports 6% decline in June quarter retail sales at 1,431 units

Audi India on Monday reported a 6 per cent dip in retail sales at 1,431 units during the April-June quarter this year. The German luxury carmaker had sold 1,524 units in the year-ago period. "While the supply situation in Q2 2024 has improved compared to Q1 2024; it still played a limiting factor on our sales performance," Audi India Head Balbir Singh Dhillon said in a statement. "We are confident that our supplies will normalise during the second half of this year, and we will be able to better serve customer demand," he said. Further, Dhillon said, it is important to emphasise that demand remains strong for the company's product portfolio. "We are optimistic about long-term growth of luxury mobility in India, including this year," he added.

Audi India to hike prices by 2% starting June 2024 amid rising input costs

The recent financial year witnessed Audi India retail 7,027 units, marking an overall growth of 33 per cent

Luxury car maker Audi India reports 33% rise in retail sales in FY24

The luxury car market in India is expected to maintain its growth trajectory, aiming to sell more than 50,000 units in 2024

Audi India reports 33% increase in retail sales at 7,027 units in FY24

Luxury carmaker Audi India on Tuesday reported 33 per cent increase in retail sales at 7,027 units for the fiscal ended March 31, 2024. The German automaker had sold 5,275 units in the country in 2022-23 financial year. "We have seen a robust growth of 33 per cent 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," Audi India Head Balbir Singh Dhillon said in a statement. He further said: "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." In the March quarter, the automaker said it retailed 1,046 units in the domestic market. The company encountered challenges related to supply chain disruptions during the first quarter which had an impact on sales. The automaker had retailed 1,950 units in the January -March period of last year. Audi sta

Luxury car sales could breach 50K mark for first time ever: Audi India head

Luxury car sales in India could cross the milestone of 50,000 units for the first time in a year in 2024 amid growing demand for such models, according to Audi India head Balbir Singh Dhillon. The overall domestic luxury car segment grew by 28 per cent annually last year to record sales volume of around 48,500 units. Luxury car volumes in India currently account for less than 2 per cent of the overall passenger vehicle sales annually and the sector has been more or less at the same level for the past decade. "Even if the sales grow by around 10 per cent and we do not face issues like disruptions like issues with global supply chain, we (industry) could cross the 50,000 volume mark in a year for the first time ever in 2024," Dhillon told PTI in an interaction. Audi reported an 89 per cent growth in retail sales in India at 7,931 units last year as compared to a total of 4,187 units in 2022. Similarly, Mercedes-Benz India recorded its best-ever year in its history in India with sale

Red Sea crisis disrupts Audi India's supply chain, firm eyes recovery soon

The situation in the Red Sea is creating supply chain issues for German luxury carmaker Audi, impacting car deliveries to customers in India in the first quarter but recovery is expected in the coming months, according to a senior company official. With electrification on its primary agenda, the company is also evaluating the possibility of assembling electric cars in India, Audi India Head Balbir Singh Dhillon told PTI. "We are also challenged from time to time by various factors. Very recently because of the Red Sea situation there is a supply chain constraint that we're facing in the quarter one of 2024. It is challenging for us in the first quarter but we expect to recover in the coming months," he said. Dhillon was responding to a query on outlook and challenges in 2024. Deliveries to customers for certain models at present have been delayed by a few weeks, he noted. Container vessels have been facing attacks in the Red Sea, one of the most important trade routes in the world

Audi India records 89% sales growth in 2023, the highest since 2015

As Audi India continues to expand its retail footprint, ending 2023 with a total of 64 touchpoints nationwide, the company is confident that this momentum will carry into 2024

After Audi, Maruti Suzuki to hike prices of its cars from January 2024

Maruti Suzuki, India's largest carmaker, did not mention the quantum of price hike

Carmakers Mercedes, Lexus, Audi expect bumper sales in festive period

Luxury carmakers Mercedes-Benz, Lexus and Audi expect sales momentum to continue in the ongoing festive season with demand remaining robust for high-end cars. With offtake remaining strong, the festive season push could even see the luxury car segment posting its highest ever volumes in a year in 2023. In an interaction with PTI, Mercedes-Benz India Managing Director and CEO Santosh Iyer noted that the festive season looks very promising as compared with last year. "This year the festive season is spread across four months and we are optimistic as we started on a very positive note, from Onam onwards," he stated. With a strong demand primarily driven by recent launches and buoyant customer sentiment, Mercedes-Benz expects the growth momentum to continue, Iyer said. Lexus India President Naveen Soni said the luxury car market continues to grow in the country. "This year, the demand for high-end cars has brought cheer to the industry. Luxury cars, as a market segment, are growing at

Audi Q8 e-tron launched in India at a starting price of Rs 1.13 crore

6 out 15 Audi models in India now electric

Audi launches Q8 e-tron in India; check expected price and specifications

The German automaker launches its new model in India in four variants. The company has already begun its advance booking with token money of Rs 5 lakh. Check full updates here

Audi India posts 97% jump in sales at 3,474 units in first half of 2023

German luxury car manufacturer Audi on Monday reported a 97 per cent jump in retail sales in India at 3,474 units in the first half of 2023, as compared to the same period last year. The company had sold 1,765 units in the January to June period in 2022, Audi India said in a statement. "Our performance in the first half of the year, despite supply challenges and rising input costs has laid the foundation for a successful second half of the year," Audi India Head Balbir Singh Dhillon said. He further said, "our volume models Audi Q3, Audi Q3 Sportback, Audi Q5, Audi A4 and Audi A6 are seeing strong demand. Our top-of-the-line cars Audi Q7, Audi Q8, Audi A8 L, Audi S5 Sportback, Audi RS5 Sportback, Audi RS Q8 and Audi RS e-tron GT are also growing in healthy numbers." The company said its pre-owned car business 'Audi Approved: plus' grew by 53 per cent in the first six months of 2023 and will continue to expand it further in the country. "Currently operating with 23 Audi Approved: p

Struggling BMW blames supply-chain issues even as luxury car sales flourish

BMW's sales for the quarter (January-March) were down 14 per cent year-on-year as the company sold 2,268 units