Audi Announces Price Hike in Indian Market

Audi Announces Price Hike in Indian Market

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Asia Bizz: After Honda, German auto maker Audi has also announced a price hike across all its models available in the Indian market. The decision to increase the prices has been taken after the announcement of the increased indirect taxes in the 2012-13 Union Budget.

The prices of locally assembled cars, A4, A6 and Q5, have been hiked by 3.4 to 3.7 percent. The Audi A4 will now cost at Rs 30,60,000 ex-showroom Delhi.

On March 17, 2012, excise duty on premium cars has been hiked from 22 to 27 percent and so the prices have been realigned so as to match these tax rates. The Indian government has also increased customs duty on the Completely Built Unit (CBUs), which has increased from 60 to 75 percent and has impacted the prices of the A8, A7, Q7 and others in the range of 13 to 14 percent.

With the increase in the prices, due to the increase in the excise duty, the company is not happy with the developments. At the same time it is confident of meeting the sales targets for the year 2012 of 7500-8000 units in the Indian market.

Audi is yet to announce the revised prices of the TT coupe.