Audi India, a group company from Volkswagen Group in India, plans to triple its sales in India by 2010. It plans to triple its sales by launching an array of new models in the country. The company has already launched five new models in past 22 months of its operations in India. The company foresees great potential in the emerging Indian car market but is also keeping an eye on declining overall sales in the market. The company has its manufacturing unit in Aurangabad with a production capacity of 1500 units annually.
On the other hand, the auto companies in Germany are hurting already. There has been a considerable decline in luxury car sales as well in India but the luxury car manufacturers are still hopeful about the auto sales in India. Back home, German auto industry is facing their worst crisis, with hundreds of thousands of jobs at risk. BMW and Mercedes are also especially vulnerable.
The ongoing credit crisis has left nearly all the car manufacturers hurting. Most of the auto manufacturers including auto component manufacturers as well have cut down their production at their manufacturing units. They have also re-assessed their targets and yearly projection.
