Luxury carmaker Audi India on Friday said it will hike vehicle prices by up to 2% to partially offset the impact of exchange rate and input cost. The hike will take effect from May 15.
The price hike would be across its entire model range in the country, the German automaker said in a statement on Friday.
"We are implementing a price adjustment of up to 2 per due to increase in the exchange rate and input cost," Audi India Head Balbir Singh Dhillon said in a statement. This correction is essential for the company and its dealer partners to ensure sustainable growth, he added.
"We remain committed to minimising the impact of the price hike on our valued customers," Dhillon said.
Audi sells various models including A4, Q5, Q7 and RS e-tron GT in India.
The company in April had installed over 6,500 electric vehicle charging points across the country. The German carmaker has installed the chargers as part of the of Phase II of its 'Charge My Audi' initiative. The brand has added 16 new partners to accelerate luxury EV adoption in the country, the automaker said in a statement.
With over 75% of these locations equipped with DC fast-charging technology, the network is designed to enhance convenience, reduce charging times, and support the growing demand for electric vehicles, it added.
The Phase-II expansion added over 5,500 new charging points in strategic locations, including highways, urban hubs, and commercial destinations, ensuring Audi e-tron owners enjoy seamless long-distance travel and daily commutes, the company said.
(With Inputs From PTI)
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
