- Advertisement -spot_img
22.9 C
Pune
Tuesday, July 16, 2024

Buy now

spot_imgspot_img
spot_imgspot_img

Audi India Sees Q2 2024 Gains Over Q1 Despite YoY Decline: 1,432 Cars Sold

Image Source: rushlane.com

Despite a strong demand for Audi vehicles, issues within the supply chain have impeded improved results. Audi India saw a decrease in sales by 6.04% from 1,431 units in the second quarter of 2024 compared to 1,523 units in the previous year. The first half of the year saw an overall decrease of 28.68% in total sales.

However, the second quarter marked a slight improvement over the first. Even though there was a decline in sales in Q2, it was a more significant improvement than the 46.36% drop in the first quarter of the same year. This recovery from the first to the second quarter was about 87% in percentage terms. It’s noteworthy that the negative growth trend has been narrowed to a single-digit percentage in Q2.

Audi India Sales Q1 / Q2 / H1 - CY 2024 vs CY 2023

Image Source: rushlane.com

Audi is still hopeful about its prospects in the Indian market. The demand for premium vehicles is anticipated to grow in the coming years, fueled by a strong economy and an increasing propensity to invest in high-quality products.

Fixing supply chain issues is a top priority. Balbir Singh Dhillon, the Head of Audi India, mentioned that they are addressing these supply chain issues, as proven by the higher sales numbers in Q2 compared to Q1. Audi is confident that these issues will be completely resolved by the latter part of the year. As supplies stabilize in the next few months, Audi expects to be able to satisfy the growing demand for its vehicles in India. Demand for Audi cars remains strong across its varied range, and there’s a positive outlook for luxury vehicles in India.

Audi Approved: plus, Audi’s business focused on pre-owned cars, reported impressive growth of 33% in sales during the second quarter of 2024, significantly beating the 11% growth seen in the first quarter of the same year. This growth points to an increase in consumer aspirations and a strengthening economy. The rise in the middle class, with its growing disposable income, is pushing for premium experiences at reasonable prices. Audi Approved: plus makes owning luxury vehicles easier with a variety of support services, including over 300 inspection checks, a strict certification process, verification of service histories, warranties, easy financing options, trade-in services, and roadside assistance. Currently, there are 27 Audi Approved: plus locations throughout major Indian cities, with plans to add three more locations within the next year.

The Audi India lineup includes a wide selection of luxury sedans and SUVs, such as the Audi A4, A6, A8 L, Q3, Q3 Sportback, Q5, Q7, Q8, S5 Sportback, RS5 Sportback, RS Q8, Q8 e-tron, Q8 Sportback, e-tron GT, and RS e-tron GT. As the demand for luxury vehicles in India is expected to rise, Audi is considering the introduction of new products and variants more frequently.

Related Articles

- Advertisement -spot_img
- Advertisement -spot_img

Latest Articles