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Audi to assemble SUV’s in India by March 2010

Audi to assemble SUV’s in India by March 2010
PTI
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First Published: Thu, Sep 03 2009. 04 01 PM IST
Updated: Thu, Sep 03 2009. 04 01 PM IST
New Delhi: German luxury car maker Audi on Thursday said it will start assembling its sports utility vehicle (SUV) Q5 in India by March next year and is expecting its sales to grow by about 70% in 2009.
“We will start local assembling of our SUV Q5 at the Aurangabad plant. This year we are expecting to sell 200 units of the car, while it should go up to 500 units from next year,” saxid Audi India managing director Benoit Tiers.
The company currently assembles its luxury sedans A4 and A6 at its Aurangabad plant.
The Indian subsidiary of Audi would start a new line of production for the SUV with an initial capacity of 500 units per year, he added.
On investment in the new line, Tiers said it would be a part of the Rs21 billion that the company has already committed to invest in the country.
The company had last year sold 1,050 units of its all models and in the beginning of this year it had set a target to cross 1,500 units.
“We have already sold 1,128 units this year. If everything goes well, I hope and we have a good chance to sell 1,700-1,800 cars in 2009, which will be an increase of about 70%,” Tiers said.
When asked about the company’s plans to assemble a bigger SUV than Q5, Tiers said, “We are also discussing about the CKD (completely knocked down) assembly of the bigger SUV Q7, but no decision has been finalised yet.”
The company is expecting Q7 sales to cross 450 units this year, he added.
The company Audi launched an advanced version of its SUV Q7 in the country priced between Rs53.4 lakh and Rs55.2 lakh. It has also offered a non-homologated version of Q7 at Rs3 million.
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First Published: Thu, Sep 03 2009. 04 01 PM IST