German luxury car maker, Audi, has reported a 10 per cent jump in May sales at 450 units.

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

“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, Mr Michael Perschke, said.

During January to May, the company saw 37 per cent growth by delivering 3,281 vehicles compared with 2,394 vehicles delivered during the same period last year.

Commenting on the outlook, he said: “The overall market scenario is challenging. 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.

(This article was published on June 1, 2012)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.