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India to be among top 10 markets: Audi

Snapshot: Audi, a part of the Volkswagen group alleged that it sold more than 1.4 million vehicles for the year 2012

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Audi, a part of the Volkswagen group alleged that it sold more than 1.4 million vehicles for the year 2012. Further it announced that the revenue deluged to as high as 48.8 million Euros regardless of the fact that the European market is making losses and is affected by debt crisis.

CEO of Audi group,   Rupert Stadler was exalted as the company eclipsed the targets. Further the company had recently added an exclusive product Ducati to the company’s portfolio.  The CEO keeps a vision that the company will continue to grow for the year 2013 and will beget new records. He also spoke about the plans of opening two new plants this year.  He believes that the company will concoct the requisite conditions to be the leader when it comes to automobiles.

Earlier in 2012 the company earned a profit of 5.4 billion Euros. It is reported that the operating returns on sales of 11 percent was beyond the 8-10 percent of the strategic targets. The company exported more than 14.5 lakh vehicles all over the globe and India’s share was as high as 9,003 units, an increase by 11.7 percent compared to the last year.

The marketing and sales board member Luca de Meo anticipates that India will certainly be in the top 10 auto markets by the end of this year. India is one of the most fast developing counties where the markets are improving strategically. Compared to last year, the company’s sales towered to 63% in India. Reports have claimed that Audi’s sale in India has tripled in the last two years.

Company has created new records in US as well as is the leader in China’s premium sector. Audi sold nearly 7.4 lakh units in Europe last year, which increased the profit margin by 1.8 percent. The cogent strategies have helped the company to achieve such as huge sales across the globe in more than 50 markets.

Axel Strotbek, the finance and organization board of Audi group keeps in view that the company has already started off the largest investment program since 2011. Further they revealed that company plans to invest more than 3.5 million Euros till the end of 2015 which will search out the path for prosperity and growth.

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