Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Industry / Manufacturing/  Audi India unveils RS7 Sportback
BackBack

Audi India unveils RS7 Sportback

Priced at `1.29 crore (ex-showroom Mumbai), the five-door coup boasts of being the most powerful Audi in India

Audi RS 7 Sportback is priced at `1.29 crore (ex-showroom Mumbai).Premium
Audi RS 7 Sportback is priced at `1.29 crore (ex-showroom Mumbai).

Mumbai: Audi AG, the German luxury car manufacturer, on Monday launched the RS 7 Sportback for the Indian market. Priced at 1.29 crore (ex-showroom Mumbai), the five-door coupé boasts of being the most powerful Audi in India.

Audi, which leads the luxury car market in India, sold 10,003 units in 2013, an expansion of 11% over the year before.

The company expects a similar growth this year, Joe King, head of Audi India, told reporters on the sidelines of a press briefing.

The Associated Chambers of Commerce and Industry of India, in a recent paper titled ‘Luxury Industry in 2013-14’, said the luxury market in India grew at 25-30% to $8.5 billion in 2013 and is estimated to cross $14 billion over the next three years.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 06 Jan 2014, 04:53 PM IST
Next Story footLogo
Recommended For You
Manufacturing Stocks
₹557.550.52%
ITC
₹4280.13%
₹2,987.85-0.37%
₹152.852%
Switch to the Mint app for fast and personalized news - Get App