What are the prospects of the luxurious automobile market in India? Audi India’s Balbir Singh Dhillon explains  

On this State of the Economic system podcast, businessLine’s S Ronendra Singh talks to Balbir Singh Dhillon, Head of Audi India, in regards to the luxurious automobile market in India, specializing in the outstanding development it skilled in 2023. With a year-on-year enhance of 20 per cent, the market reached a document excessive of 46,000 items, surpassing the earlier peak in 2018. Though luxurious vehicles will symbolize simply over 1 per cent of the general Indian automobile market in 2024, business consultants count on sustained momentum and anticipate double-digit development.

Dhillon sheds insights into the luxurious automobile market’s alternatives, challenges, and prospects. Audi India reported a powerful 89 per cent year-on-year gross sales development in 2023, reaching 7,931 items. Dhillon additionally discusses the optimistic outlook for the business in 2024, projecting a development price of 10–12 per cent whereas acknowledging challenges akin to provide chain disruptions because of the Pink Sea state of affairs.

Learn: We’re one of many shining markets globally and we’ll proceed to be: Audi India Head

The dialog additionally delves into Audi’s product lineup, enlargement plans, and the corporate’s method to electrical autos (EVs). Dhillon highlights the significance of a secure coverage regime and addresses potential competitors, emphasising the necessity for a stage enjoying discipline.

Learn: BMW Group India expects to retain management place in EVs in 2024

Concerning EV infrastructure, Audi is experimenting with high-speed charging stations, particularly on highways, to satisfy the demand for fast refills. Dhillon touches on the broader EV panorama in India and welcomes extra gamers, believing that elevated competitors will profit all the business.

The interview concludes with discussions on Audi’s manufacturing capability, enlargement plans for workshops and retailers, and the general development potential of the luxurious automobile market in India.

Tune in for an in depth dialog.

Host: S Ronendra Singh, Producer: Nabodita Ganguly

In regards to the State of the Economic system podcast

India’s economic system has been hailed as a brilliant spot amid the final gloom that appears to have enveloped the remainder of the world. However a number of sectors proceed to stutter at the same time as others appear set to fireplace on all cylinders. That can assist you make sense of the bundle of contradictions that the nation is, businessline brings you podcasts with consultants starting from finance and advertising and marketing to know-how and start-ups.