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Audi Announces Price Hike Across Model Range


Increase in prices a result of hike in customs duty, says German carmaker

 

Audi has announced that it will increase prices of its cars by up to 4 per cent from April 1, 2018. The move is a result of increased customs duty announced in the Union Budget and will see prices of Audi’s cars go up by Rs 1 lakh to Rs 9 lakh, depending on the model. Rahil Ansari, the head of Audi India said the company has tried its best to absorb the impact of the increase in customs duty by minimising the price hike.

This year’s Union Budget witnessed finance minister Arun Jaitley increase custom duty on CKD imports of cars and bikes from 10 per cent to 15 per cent. Apart from this, the government also raised custom duty on specified parts and accessories for these vehicles from 7.5 per cent to 15 per cent.

Also Read: 2018 Audi Q5: First Drive Review

Audi has a range of cars on offer in India, including sedans, SUVs and sportscars such as the A3, A4, Q5, the Q7 and the R8, among others. With a price tag of Rs 32 lakh (ex-showroom Delhi), the A3 is the most affordable car from Audi’s lineup. Meanwhile, the R8, which retails of Rs 2.63 crore, is the fastest and most expensive car to be sold by the Ingolstadt-based carmaker.

 

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