Audi Plan Assembly Plant For India
Posted 18th September, 2006 in Uncategorized | Leave a comment
Aiming to take advantage of the robust economic development in India, German car giants Audi have now added their SUV – The Q7 to its India portfolio, taking the total number of models in the country to four.
The German car maker is also planning to drive deeper into the Indian car bazaar with plans to establish a local assembly unit in the country.
“At a time when India’s economy is growing at the rate of 8% and the country is undergoing cultural change with cars becoming a status symbol against property and jewellery, we feel it is the right time to foray into the second most potential market in Asia after China,” said Audi’s India manager Rahil Ansari.
Andre Konsbruck, executive director (overseas) for Audi, stated “We are internally investigating on the issue of setting up a production unit in India.”
He went on to add “Though there are no concrete plans as of now, there cannot be a denial that after having two plants in China, India definitely is on top of our mind when it comes to setting up another plant in Asia.”
“With the luxury car segment in India growing at 12% per annum, it is expected that over 30,000 luxury cars will be sold in India by 2015 as against just 2,500 now.
The premium SUV segment is expected to grow at the rate of 22% over the next few years, and “Audi has to be a part of it if it intends to increase its market share across the region.”
[Source: Times Of India]
