Audi India has decided to increase the prices of its entire model range in the country by up to 3 per cent. The revised prices will come into effect from April 1, 2022, and the company has stated that the price hike is mainly due to a rise in input costs and changing foreign exchange rates. In the past, vehicle manufacturers have increased prices in the month of April, aligning it with the start of the new financial year. While for 2022, Audi India has become the first manufacturer to officially announce a price hike, we expect to soon hear similar announcements from other brands as well.
Announcing the price hike, Balbir Singh Dhillon, Head of Audi India, said, "At Audi India, we are committed to operating a sustainable business model. With rising input costs and changing Forex rates, we are required to take a price hike of up to 3 per cent across our model range."
Also Read: Audi India To Increase Vehicle Prices By 3% From January 2022
Balbir Singh Dhillon, Head of Audi India said with rising input costs and changing Forex rates, the company had to increase prices by up to 3 per cent
This would be the second price hike from the Ingolstadt-based carmaker in India for 2022. Earlier in January, the company had similarly increased vehicle prices by 3 per cent, citing same reasons of rising input and operational costs. The company had said that to offset rising input and operational costs, a price correction is necessary. Back then Mercedes-Benz and Maruti Suzuki too had announced that they will increase prices due to rising input costs.
Audi India's current line-up includes the petrol-powered Audi A4, Audi A6, Audi A8 L, Audi Q2, Audi Q5, the recently launched Audi Q7, Audi Q8, Audi S5 Sportback, Audi RS 5 Sportback, Audi RS 7 Sportback and the terrific Audi RS Q8. The electric vehicle portfolio under the e-tron brand comprises the Audi e-tron 50/55, e-tron Sportback 55, the e-tron GT and RS e-tron GT.
