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  Business   Audi plans petrol cars for India

Audi plans petrol cars for India

PTI
Published : Aug 23, 2016, 12:09 am IST
Updated : Aug 23, 2016, 12:09 am IST

German luxury carmaker Audi will launch petrol versions of all its existing models in India by the first quarter of next year as it tries to adapt to changing market demand in the wake of ban on big d

German luxury carmaker Audi will launch petrol versions of all its existing models in India by the first quarter of next year as it tries to adapt to changing market demand in the wake of ban on big diesel cars and SUVs in Delhi-NCR.

The company estimates it may lose around Rs 760 crore worth of sales this year due to the overall impact on consumer sentiment created by the diesel ban and different excise rates for diesel vehicles, which was imposed in the Budget.

 

Audi India, which plans to launch an all-new version of A4 sedan next month, will introduce the petrol variant of A6 sedan next week. “This year has been a very difficult one as customers are confused due to the issues such as ban of diesel in Delhi-NCR and different excise duties imposed on those vehicles. They had postponed purchases,” Audi India Head Joe King said.

He further said: “It has been a real challenge changing our business strategy overnight from a predominantly diesel to petrol due to an out of the blue decision by the NGT and the Supreme Court.”

It has resulted in customers from other regions also putting a question mark on diesel vehicles as they were worried that such bans could also extend in those regions, Mr King said. When asked about impact on the company’s sales, Mr King said, the sales loss could be around 1,500-2,000 cars for the full year.

 

In terms of value, taking Rs 38 lakh as the average price of affected models, it could be up to Rs 760 crore, he added.

Mr King said Delhi-NCR is one of the company’s biggest markets in India and the company’s best selling SUV Q7 was the worst hit. Mr King added: “Now there is a significant shift in demand for petrol vehicles. So we will ensure that all our models sold in India will have both petrol and diesel options by the first quarter of next year.”

Location: India, Odisha, Bhubaneswar