Audi India sales numbers rise 10% in May

If you missed our coverage, here are the top 10 stories of the day.

Inside an IKEA store in Stockholm, Sweden

German luxury car maker Audi today reported a 10 per cent jump in sales in India during May at 450 units.

In the year-ago period, the company had sold 408 cars, Audi India said in a statement.

"In 2012, we will continue our strategic course of product expansion and launch attractive vehicles in the market for sustainable and profitable growth," Audi India head Michael Perschke said.

During January to May period of 2012, the company saw a 37 per cent growth by delivering 3,281 vehicles as compared to 2,394 vehicles delivered during the same period last year.

Commenting on the outlook, he said: "The overall market scenario is challenging. The rising fuel prices, depreciating rupee, changing registration taxes in various states as well as reduction in retail loans have severely impacted the automobile industry."

In spite of these challenges the company is confident of its growth in India, he added.

Watch LIVE TV , Get Stock Market Updates, Top Business , IPO and Latest News on NDTV Profit.
GET REGULAR UPDATES