Tokyo: German luxury car major Audi today said it plans to increase local production of its models in India, with its sedan A4, which could be the next one to be manufactured there.
“The Indian market is small for us now but it has the potential to grow bigger... we may locally produce the A4 model as well,” Audi AG CEO Rupert Stadler said here on the sidelines of Tokyo Motor Show.
He said the company has already started local production of its A6 sedan at the facility of Skoda, which is also a part of the Volkswagen Group.
The company sells its various models including the A8 and the SUV Q7 through the import route.
Asked about the targets in India, he declined to commit an exact figure but said the premium segment market in India has been growing fast and offered a good opportunity.
Competitors like Mercedes and BMW have been scaling up targets, which he describes “as a reflection of the growth” in the top end of segment.
The company has also brought in its sports coupe TT in India as it expanded its line up in India.
Stadler said the company would continue to introduce its global premium products in future but mostly through the import route.