Luxury car-maker Audi has announced that it would hike the prices of its entire range by up to 5 per cent from the start of next year.
The company said the combination of rise in input costs, depreciating rupee and increased fuel prices forced it to re-evaluate its pricing strategy in the country and hike the prices of the vehicles.
The Germany-based car-maker said, "Audi today announced an increase in price of its model range available in India. The increase would range up to 5 per cent across models from January 1, 2013."
Michael Perschke, chief of Audi India, also confirmed that the company would keep on offering the customers finance service through Audi Finance.
However, the Indian arm of Audi did not specify details on what will be the precise amount of increase in price for each model.
Audi sells a number of models in India, including the Audi Q3, Audi Q5, Audi Q7, Audi A4, Audi A6, Audi A7 Sportback, Audi S4, Audi A8L, Audi TT Coupe, Audi RS5 Coupe, Audi R8 and Audi R8 Spyder.
In India, the Luxury car-maker sold a total of 850 vehicles in the month of October this year, nearly double of 482 units sold in the corresponding period of previous year. In ten months through October this year, the company sold
7,267 vehicles as compared with 4,692 units sold in the same period of 2011.