If you have wondered if cars have generally become expensive over the past few years. You have guessed right. Due to the current manufacturing issues, such as semiconductor chip shortages and other logistical reasons, the manufacturing and distribution of new vehicles have taken a toll. Now, Audi India has just announced that they will also increase the prices of the line-up sold in India starting 20th September 2022. The ex-showroom prices of their entire portfolio will increase by up to 2.4%, and the reason stated by Audi India is due to a result of rising input and supply chain costs.
The current line-up of Audi India consists of the Audi A4, Audi A6, Audi Q5, Audi Q7, Audi Q8, Audi S5, Audi RS 5, and Audi RS Q8. Furthermore, Audi launched quite a few new products in their line-up for India, such as the A8 L, the Q5 and also their upcoming Audi Q3. Moreover, the Audi e-tron 50, Audi e-tron 55, Audi e-tron Sportback 55, as well as India’s first electric supercars, the Audi e-tron GT and Audi RS e-tron GT, are EVs offered under the e-tron name.
Mr Balbir Singh Dhillon, Head of Audi India, said, “At Audi India, we are committed to operating a sustainable business model. With rising input and supply chain costs, we are required to take a price hike of up to 2.4% across our model range.”
As we mentioned above, due to the constant increase in prices for new vehicles and long delivery times, a substantial growth is now seen in the secondhand market, with cars selling at quite a good margin compared to the pre-covid era. Moreover, in the secondhand market, customers do not have to experience the long wait times and can take delivery of their vehicles immediately, causing many people to opt for a secondhand car instead.