Business Daily from THE HINDU group of publications
Wednesday, October 24, 2007
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Business Daily from THE HINDU group of publications Wednesday, October 24, 2007 |
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News Update as at 18.00 hrs (IST)
Corporate Audi mulls A4 production in India TOKYO: German luxury car major Audi on Wednesday said it plans to increase local production of its models in India, with its sedan A4, which could be the next one to be manufactured there. ''The Indian market is small for us now but has the potential to grow bigger... we may locally produce the A4 model as well,'' the Audi AG CEO, Mr Rupert Stadler, said here on the sidelines of Tokyo Motor Show. He said the company has already started local production of its A6 sedan at the facility of Skoda, which is also a part of the Volkswagen Group. The company sells its various models including the A8 and the SUV Q7 through the import route. Asked about the targets in India, he declined to commit on an exact figure but said the premium segment market in India has been growing fast and offered a go od opportunity. Competitors such as Mercedes and BMW have been scaling up targets, which he describes ''as a reflection of the growth'' in the top end of segment. - PTI
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