Auto Sales March 2024: Audi India Registers 33% YoY Growth In FY2024

Audi India’s pre-owned car business saw a growth of 50 per cent in FY2024.

Audi India has registered sales of 7,027 units in the financial year 2023-24 (FY2024), witnessing a year-on-year growth of 33 per cent. The German marque’s preowned car business, Audi Approved Plus, saw a growth of 50 per cent in the last financial year. 

In the final quarter of FY2024 (January - March), Audi sold 1,046 units, which is nearly 46 per cent lower than the same period last year. The decline in sales in the previous quarter has been primarily attributed to supply chain issues by Audi India. During this same period, Audi’s pre-owned car business grew by 25 per cent. 

Balbir Singh Dhillon, Head of Audi India said, “We have seen a robust growth of 33 per cent in FY2024 on the back of a diverse portfolio. Our product portfolio continues to witness strong demand and we are poised to overcome supply challenges. Despite ongoing growth in the luxury market, which is tapering off on the back of record-breaking sales in 2023, we are confident about the industry's potential to exceed 50,000 cars in 2024”

Audi India sold 7,931 units between January and December 2023, registering a YoY growth of 89 per cent, its highest-ever sales since 2015. Audi's strong performance can be attributed to its robust product portfolio comprising 15 cars which includes the A4, A6, A8 L, Q3, Q3 Sportback, Q5, Q7, Q8, Q8 e-tron, Q8 e-tron Sportback, S5, RS5, RS Q8. e-tron GT and RS e-tron GT.