Audi India records 6% decline in sales for June quarter
Audi India has reported a 6% decrease in retail sales, selling 1,431 units in the April-June quarter, citing supply constraints as a limiting factor despite optimism for improved supply in the second half of the year.
Audi India on Monday reported a 6 per cent dip in retail sales at 1,431 units during the April-June quarter this year.
The German luxury carmaker had sold 1,524 units in the year-ago period.
"While the supply situation in Q2 2024 has improved compared to Q1 2024; it still played a limiting factor on our sales performance," Audi India Head Balbir Singh Dhillon said in a statement.
"We are confident that our supplies will normalise during the second half of this year, and we will be able to better serve customer demand," he said.
Further, Dhillon said, it is important to emphasise that demand remains strong for the company's product portfolio.
"We are optimistic about long-term growth of luxury mobility in India, including this year," he added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.