rediff.com

Audi India Sales Drop 27% in 2024: Supply Chain Issues

Share on:

By Rediff Money Desk, New Delhi   Jan 01, 2025 11:56

Audi India reported a 26.6% decline in sales for 2024, reaching 5,816 units. The drop is attributed to supply chain issues, but the company remains optimistic about future growth.
Audi India Sales Drop 27% in 2024: Supply Chain Issues
Photograph: Anushree Fadnavis/Reuters
New Delhi, Jan 1 (PTI) German luxury carmaker Audi on Wednesday reported a 26.6 per cent decline in retail sales at 5,816 units in 2024 compared to the previous year, impacted by supply chain issues.

The company had recorded retail sales of 7,931 units in 2023.

"The first half of 2024 brought supply-related challenges for Audi India, yet the continued demand for our products reflects the enduring trust our customers place in the brand. With improved supplies in the second half of 2024, our volumes improved by 36 per cent in quarter four compared to quarter three of 2024," Audi India Head Balbir Singh Dhillon said in a statement.

He further said 2024 marked a major milestone of a cumulative 1 lakh cars sold in India.

On the outlook for 2025, he said, after finishing 2024 strongly in the fourth quarter the company anticipate sales to grow hereon.

"We remain optimistic about the long-term potential of the Indian luxury car market and are committed to delivering exceptional experiences to our customers," Dhillon said.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

TODAY'S MOST TRADED COMPANIES

  • Company Name
  • Price
  • Volume

More »

Moneywiz Live!