Audi to invest Rs 1.88 lakh crore to develop infrastructure for new line-up

Audi is planning to launch 11 new cars in the forthcoming years. In this view, the automaker will invest Rs 1.88 lakh crore to manufacture fresh variants of vehicles boasting of creative advancements and developments to their infrastructure.

The first to benefit from this would be the manufacturing facility in Germany which will be enhanced with the most innovative technologies. Majority of the money raised in the next five years is expected to be spent for the benefit of its Ingolstadt and Neckarsulm-based operations. Audi claims that this investment programme will be the largest financing done till date and will definitely assist in the company’s growth. Additionally, the automaker also plans to create more job opportunities next year.

Rupert Stadler, Chairman, AUDI AG board of management, commenting about the future plans said, "We had set the goal of 1.5 million deliveries per year by 2015, but we already achieved that quite comfortably in 2013. We are now decisively steering towards our next milestone of two million deliveries. This is why we are keeping our foot on the gas regarding investments and why we are hiring new employees in 2014."