Published : 04 March 2022
Read Time : 5 min
Author: Mohammad Osaaf
Audi have decided to hike prices of their cars by up to 3% from April 1. The price hike will help Audi India counter increasing input costs. Car manufacturers typically hike prices of their products during the start of a new financial year. But this time around, several other reasons have also contributed to the 3% price hike on Audi India cars.
Audi India have stated that the price hike will help offset higher input and manufacturing costs. Other reasons include constantly fluctuating Forex rates due to the ongoing tension in Europe.
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Moreover, the shortage of semiconductors have also affected vehicle production and this too added to the increasing input costs.
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This year, Audi launched the updated Q7 in India with a BS6 compliant petrol engine. Last year, they launched 9 vehicles in India. Audi India’s current portfolio also includes 5 EVs. We can expect a price hike this month from other brands as well due to the start of a new financial year.
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