Audi India has said that it will increase vehicle prices in the country due to a rise in input costs and changing foreign exchange rates. The revised prices will come into effect from April 1, 2022.
Audi India has decided to increase the prices of its entire model range in the country by up to 3 per cent. The revised prices will come into effect from April 1, 2022, and the company has stated that the price hike is mainly due to a rise in input costs and changing foreign exchange rates. In the past, vehicle manufacturers have increased prices in the month of April, aligning it with the start of the new financial year. While for 2022, Audi India has become the first manufacturer to officially announce a price hike, we expect to soon hear similar announcements from other brands as well.
Announcing the price hike, Balbir Singh Dhillon, Head of Audi India, said, “At Audi India, we are committed to operating a sustainable business model. With rising input costs and changing Forex rates, we are required to take a price hike of up to 3 per cent across our model range.”
Balbir
This would be the second price hike from the Ingolstadt-based carmaker in India for 2022. Earlier in January, the company had similarly increased vehicle prices by 3 per cent, citing same reasons of rising input and operational costs. The company had said that to offset rising input and operational costs, a price correction is necessary. Back then Mercedes-Benz and Maruti Suzuki too had announced that they will increase prices due to rising input costs.
