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Fri, Dec 15, 2017 | Last Updated 7:26 pm IST

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Audi AG is always looking for opportunities to invest and grow

Audi AG is always looking for opportunities to invest and grow
Audi AG is always looking for opportunities to invest and grow
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Mumbai sources have reported that foreign luxury car makers are planning to step up investments in India as they eye a record sale of high end cars this year despite the mid-year hike in tax that temporarily disrupted volumes. Meanwhile the Volkswagen group is setting up a new engine assembly line in Aurangabad at Skoda Auto’s factory to locally produce 3 litre diesel engines, apart from localizing 2-litre diesel engine in Chakan factory.




Further Audi's rival BMW India is already exploring the second phase of investment in India has made a strong comeback over the last two years, say people in the know. Moreover Volvo Auto India recently started local facility in Bengaluru, Lexus is exploring setting up an assembly facility and the likes of Mercedes Benz and JLR continue to look at the assembly of more models and deeper localization.

Audi AG is always looking for opportunities to invest and grow

Auto majors’ plan to increase investment comes at a time when the market is slated to grow in double digits for the first time in five years with 2017 sales expected to cross the previous high of 36,000 cars in 2015.




Audi AG is always looking for opportunities to invest and grow
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