Luxury car segment like a growing startup, may hit 5% of car sales: Audi

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Luxury car segment like a growing startup, may hit 5% of car sales: Audi - Business Standard

Quick Summary:

Luxury car segment in India, which currently accounts for 1 per cent of the overall car sales in the country, is like a growing startup and it could become decent in size only when it crosses the 5 per cent mark, Audi India head Balbir Dhillon said on Monday.

Audi India on Monday launched a refreshed version of its RS Q8 performance SUV in India, priced at Rs 2.49 crore.

"The luxury car industry in India is like a startup which is still growing but it's growing for sure but it is still very small.