Mumbai: Automaker Audi AG said Thursday that it had started production on its midsize A6 luxury sedan in India, with the aim of producing more than 2,000 cars a year by 2015 at the plant in the state of Maharashtra
Volkswagen’s premium unit confirmed that it will invest 20 million euros by 2015 in India and also begin assembly of its A4 model as it seeks a bigger share of the fast-growing market.
Audi, which recently began assembling the A6 sedan from completely knocked down kits imported from Germany, will roll out more than 2,000 units of the A6 by 2015, it said in a statement.
Audi has already invested 10 million euros in its assembly line in the group facility in Aurangabad and will invest another 20 million euros to enhance production.
More than 300 A6 sedans will be assembled in a single-shift operation in 2008 in Aurangabad, Audi’s second production unit in Asia after Changchun in China. The new Audi 4 will be assembled from late 2008, it said.
“Starting our own production is the best way to adequately serve such a promising growth market,” Rupert Stadler, chairman of Audi’s board of management, was quoted as saying.
India is “one of the components” of its Strategy 2015, which is aiming at sales of 1.5 million automobiles a year worldwide, the statement said.
Audi also imports the A8, Q7 and TT models, and has said it expects to sell around 3,000 cars by 2010, when passenger vehicle sales in India are forecast to top 2 million units a year.