German carmaker Audi to enter used car business in India

After posting a growth of 66 per cent in the last six months, German luxury carmaker Audi is planning to enter the used car business by 2011 and is looking at adding more models to its portfolio.
The company sold 1,876 cars from January-August, 2010 against 1,128 units sold in the same period of the previous year. It expects to sell 2,700 units by the end of this year.
"Having successfully surpassed last year's annual sales performance, we are confident that this consistent growth, which Audi India has been witnessing through 2010 will help us achieve our goals for the year," Michael Perschke, head, Audi India, said.
The company will ramp up its output by 50 per cent in India to about 3,000 units next year.
Audi also said it will bring more models to the Indian market.
This includes the launch of luxury sedan A7, a new variant of A6, import a completely new version of A8 and a 4.2 litre TDI version of Q7.
The company currently assembles luxury sedans A4, A6 and sports utility vehicle Q5 at its Aurangabad facility

No comments:

Post a Comment