Audi India Records 33% Growth In FY23-24
The Indian arm of the German carmaker Audi has released performance figures for the financial year 2023-24. By retailing 7,027 units, Audi India recorded an overall growth of 33 per cent. In the first quarter of 2024, it sold 1,046 units. The reason cited for the relatively reduced sales between January and March this year is “supply chain disruptions”.
Audi India’s pre-owned car business – Audi Approved: plus – also registered a strong growth of 50 per cent in FY23-24. During the Jan-March 2024 period, the used car business witnessed an increase in sales by 25 per cent. Presently, there are 26 Audi Approved: plus outlets in the country, with the latest one opening a few days ago. By the end of the year, the count will reach 30.
Balbir Singh Dhillon, Head of Audi India, said:
Despite ongoing growth in the luxury market, which is tapering off on the back of record-breaking sales in 2023, we are confident about the industry’s potential to exceed 50,000 cars in 2024.
