Audi to invest 30 mln euros to boost production

New Delhi, Oct 1 (UNI) Volkswagen's premium brand Audi today said it will invest 30 million euros to boost up production at its Aurangabad manufacturing facility in Maharashtra.

The company, while announcing the start of local assembly of the new Audi A4, said, ''A4 will be the second Audi model to be produced at the Group plant in Aurangabad after the Audi A6. By 2015, we would have built a total of some 11,000 Audi A4 and 7,000 Audi A6 models in India, with an investment of over 30 million euros.'' India is one of the most important future growth markets for Audi. Compared to last year, the vehicle sales in the first eight months of the year grew by over 190 per cent to some 700 units, the company said in a statement.

The company also plans to increase its present dealership network to 12.

Next year, 640 Audi A4 sedans and 380 Audi A6 models will be assembled in a single-shift operation.

The company aims to sell 1,000 units of the whole model range this year, 3,000 units per year by 2010 and 10,000 units per year by 2015. The Audi A4 will be the key contributor in achieving these targets.

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