German luxury car manufacturer Audi on Thursday said it will increase prices across its model range available in India effective January 1. The price hike would range from three to five per cent.
"The overall market scenario has remained challenging and various economic factors have put pressure on our business, which resulted in the necessity to increase our prices,” Joe King, Head, Audi India, said in a company statement.
The company that has sold 8,393 units between January and October. said it will offer customised and innovative finance options from Audi Finance, which would make their purchase more attractive.
BMW Group India on Tuesday had announced it would increase prices across the BMW and Mini product range from 7 to 10 per cent effective January 1.