New Delhi, April 25: German luxury car manufacturer Audi on Thursday announced a price hike of up to two per cent across its model range in India owing to rising input and transportation costs. The price hike will be effective from June 1. "Rising inputs costs are compelling us to increase prices by up to two per cent effective June 1, 2024," Balbir Singh Dhillon, Head of Audi India, said in a statement. Ultraviolette F77 Mach 2, F77 Mach 2 Recon Launched; From Price to Specifications and Features, Know Everything About New E-Motorcycles From Ultraviolette.

"The price correction aims to ensure sustainable growth for Audi India and our Dealer partners. As always, it's our endeavour that the impact of rising costs is as minimal as possible for our customers," he added. Last year, the luxury car manufacturer also announced a price increase of up to two per cent across its model range in the country. This hike was effective from January 1, 2024. Tesla New Model 3 Performance Launched: From Price to Specifications and Features, Know Everything About New Sedan From Elon Musk's EV Company.

Audi India has retailed 7,027 units in FY 2023-24 posting an overall 33 per cent growth. It retailed 1,046 units in the first quarter (Q1) of 2024 encountering notable challenges with sales compared to the corresponding period last year, primarily due to supply chain disruptions.

(The above story first appeared on LatestLY on Apr 25, 2024 12:57 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).