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Audi India to hike prices across its range from 1 April

March 19, 2018, 02:07 PM IST by Bilal Ahmed Firfiray
Audi India to hike prices across its range from 1 April

Audi India has announced an increase in prices across the entire model range to up to four per cent from 1 April 2018. The German carmaker claims that the price hike is owing to the revised customs duty announced in the Union Budget. The price hike will be between Rs 1-9 lakhs depending on the model.

Rahil Ansari, head of Audi India, commenting on the price hike, said, “The increase in customs duty and an introduction of social welfare surcharge in lieu of an education cess (which is higher than the erstwhile cess) in the Union Budget made the increase in price inevitable.” However, the Ingolstadt-based carmaker claims to have absorbed the customs duty hike’s impact to minimise the price hike.

As a result of the 2018 Union Budget, customs duty on CBU models has gone up by five per cent, while the basic customs duty on auto parts, accessories and CKD components vary from 5-10 per cent. This is then clubbed with the new social welfare surcharge of 10 per cent as well.

Many automobile manufacturers have decided to increase the prices of many models and now Audi has also joined this list. Volvo announced a surge in pricing by five per cent. Skoda cars got dearer too. The carmakers have not revealed the new variant-wise pricing of the models yet, which we expect to be announced soon. 

Tags:Audi,Q5,Audi Q5
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