New Delhi: Audi AG, the third-largest luxury carmaker in India, will enter the pre-owned car business by the end of this year, a top executive said.
“By the end of the year, we will start our used-car business under the Audi Approved Plus brand,” said Michael Perschke, head of Audi India. “We hope this business will account for 10-20% of our car sales in future.”
Perschke said the German carmaker plans to make inroads into small towns and cities to almost double its dealer network in India from 13 to 25 by the end of 2012.
Audi, which introduced its sedan A6 priced between Rs 37.7 lakh and Rs 47 lakh (before taxes, registration and other charges in Delhi), hopes to sell at least 5,000 units this year and is aiming for a 25% market share of the Indian luxury car market by 2015.