Notwithstanding the slowdown in the automobile industry, German luxury car manufacturer Audi had an ”exciting time” last year in India, with sales in the country increasing a whopping 201% (1,050 units sold in 2008 as opposed 349 units sold in 2007)
Honda recently made news with its massive price-cut on its Civic Hybrid, which was then taken back. Now, Honda plans to hike car prices across models starting from Rs 10,000 upto Rs 1.5 lakh with effect from January next year. The company blames the depreciation of the rupee against dollar and expensive raw materials.
