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✦Reported by mint

'Every third car we sell is to an Audi customer': India head Balbir Singh Dhillon at Q3 launch; here's what he meant

'Every third car we sell is to an Audi customer': India head Balbir Singh Dhillon at Q3 launch; here's what he meant
Source: mint

Executive Brief • Key Highlights

Fast factual intelligence distilled for busy investors, executives, and answer bots:

  • ✓Audi India head Balbir Singh Dhillon said, "Every third car we sell is to an Audi customer," during the Q3 launch on October 16.
  • ✓The company aims to grow its luxury market share to 16 percent in five years.
  • ✓They started local assembly of the new SUV in Maharashtra recently.

Story at a Glance

Category
MARKET
Reported By
mint
Reading Speed
3 Minute(s)
Market Focus
India Economy

Audi India's Balbir Singh Dhillon says existing customers account for a third of its car sales. Following the new Q3 launch, the company aims to raise its luxury market share to 15-16% in three to five years through new models, dealership expansion and a focus on customers.

At the launch of the new Audi Q3 in India on October 16, the company's brand director, Balbir Singh Dhillon, said, "Every third car we sell is to an Audi customer," indicating that existing Audi customers account for about a third of its car sales and demonstrating their brand loyalty.

Audi India head's remarks on the new Q3

In a LinkedIn post last month, Dhillon wrote, "There are cars that sell, and there are cars that earn a place in a customer's life. The Audi Q3 has always belonged to the second kind. I still remember when the Audi Q3 first arrived in India, a car that had a lot to prove in a segment that was only just taking shape. It did not take long for that to change, growing steadily into one of our best-selling models, year after year."

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'Every third car we sell is to an Audi customer': India head Balbir Singh Dhillon at Q3 launch; here's what he meant | ArthNow