Audi reports 10% growth in May sales in Indiahttps://indianexpress.com/article/news-archive/web/audi-reports-10-growth-in-may-sales-in-india/

Audi reports 10% growth in May sales in India

German luxury car maker Audi today reported a 10 per cent jump in sales in India during May at 450 units.

German luxury car maker Audi today reported a 10 per cent jump in sales in India during May at 450 units.

In the year-ago period,the company had sold 408 cars,Audi India said in a statement.

“In 2012,we will continue our strategic course of product expansion and launch attractive vehicles in the market for sustainable and profitable growth,” Audi India Head Michael Perschke said.

During January to May period of 2012,the company saw 37 per cent growth by delivering 3,281 vehicles as compared to 2,394 vehicles delivered during the same period last year. Commenting on the outlook he said: “The overall market scenario is challenging. The rising fuel prices,depreciating rupee,changing registration taxes in various states as well as reduction in retail loans have severely impacted the automobile industry”.

In spite of these challenges the company is confident of its growth in India,he added.