HomeBusinessCompaniesAudi announces price hike for select models from May 1

Audi announces price hike for select models from May 1

Audi, a German automaker, has announced that it will increase the price of the Q3 and Q3 Sportback by up to 1.6% beginning May 1. The price increase is intended to compensate for the impact of rising customs duties and input costs.

“At Audi India, we strive to give our customers the best, but the rise in customs duty and input costs have compelled us to amend our prices upwards,” Audi India Head Balbir Singh Dhillon said in a statement.

Despite the fact that the company has attempted to mitigate the impact at various levels, the current circumstance requires a price increase, he added.

The premium automobile manufacturer has already raised the prices of the Q8, RS5, and S5 by up to 2.4% as of April 1.

Mercedes-Benz India has already increased the prices of its vehicles, ranging from Rs. 2 lakh to Rs. 12 lakh, depending on the model, effective April 1 in order to mitigate rising input costs and the negative impact of foreign exchange fluctuations.

Likewise, Maruti Suzuki has announced a price increase for all models beginning April 1. Maruti Suzuki Dzire, Maruti Suzuki WagonR, Maruti Suzuki Swift, and other models are affected.

News Desk
News Deskhttps://businessheadline.in
Business Headline aims at providing you with all the insights around the business world along with creative write-ups and reviews by renowned global personalities. Additionally the Business Blog will help startups and enterprises to develop their business.
- Advertisment -

CRICKET SCORE LIVE

- Advertisment -

Most Popular

error: