German car maker Audi on Thursday said it will launch at least three new models in India this year, besides expanding production capacity at its plant in Aurangabad for rolling out two new products.
“The company will take a decision based on feasibility of the models for India. This year we have plans to launch Audi TT later this month followed by the much awaited Audi Q3 and the sporty Audi S6,” Audi India Director Michael Perschke told PTI.
Worldwide, Audi has plans to introduce 18 models, including A1 Sportback and Audi A3.
In India, Audi sold 5,511 cars last year, an increase of 84 per cent over the prior year. Worldwide Audi sold 1.3 million vehicles in 2011.
“India is one of the fastest growing markets for Audi,” he said
Commenting on the capacity expansion in India, he said: “We have plans to add a new line at our Aurangabad facility by the end of this year. There will be an additional hall built for Audi which will have capacity for at least two more products.”
Perchke, however, did not provide specific details and investment to be made for the proposed expansion.
“When Audi set up its national sales company in India in 2007, the initial investment year marked for India was 30 million euro till 2015, out of which so far we have consumed about 70 per cent,” he added.
At its annual conference at Ingolstadt, Audi has announced investment of 13 billion euro between 2012 and 2016 for expanding its production capacities in Hungary, Germany and China.
Audi’s global revenue in 2011 stood at 44.1 billion euro, up 24.4 per cent compared to 2010 and its operating profit was 5.3 billion euro, an increase of 60 per cent over previous year.