PTI reported that luxury car maker Audi will hike the prices of its entire range of models by up to INR 3.69 lakh with effect from January 1st due to rising input costs and falling rupee.
Mr Michael Perschke head of Audi India in a statement said that “As we have stated earlier, the overall market scenario is challenging. The rise in input cost, depreciating rupee as well as continuous increase in fuel prices has made us re-evaluate our pricing strategy in India and increase the prices of our entire model range.”
Last month, Audi India said that it will raise prices of its entire range of vehicles by up to 5% from next year, but did not specify details on what will be the exact amount of hike for each model.
The company said that “The price increase would range between INR 59,000 to INR 3,69,000 across the model range from January 1st 2013.”
Source:
http://www.steelguru.com/indian_news/Audi_India_rise_prices_by_up_to_INR_369_lakh_from_January_1st/296788.html
