Audi to Build Q5 in India

Source: Wall Street Journal

NEW DELHI -- Audi AG said Thursday it will start assembling the Q5 luxury sport-utility vehicle in India from March to save on steep import taxes and compete with BMW AG, Daimler AG and Porsche AG in the world's second-fastest growing major economy.

"India is the second country after Germany where the Q5 will be assembled," Benoit Tiers, Audi India's managing director, told reporters while announcing the introduction of the new version of the Q7 SUV.

Mr. Tiers also said Audi will introduce its financial services and insurance business in India by December. The company currently offers insurance for its vehicles via Bajaj Allianz General Insurance Co. Ltd.

Fully built cars and SUVs in India attract an import tax of 116%, Mr. Tiers said, adding that the tax drops to 60% if the vehicle is assembled from completely knocked down parts.



Read more: http://online.wsj.com/article/SB125197617889282885.html

:sarcasm:

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One arrived with a foot print on the roof lining. :rofl:

This is great news.

:evilgrin:


And in case you hadn't noticed, "globalization" is about expansion. What is going on isn't expansion. It's migration. Real globalization wouldn't have resulted in the loss of even one American job.

Wake up.

I should know, I drive it's cousin Porsche Cayenne. I'm 5 min from work so it's okay.

Why doesn't the US do the same for imported goods?

you know, the thing that no one else practices but the US swears is the greatest thing since sliced bread..

of them. The US, Canada, Europe, Japan and Australia don't have import tariffs for the most part, while the countries in Africa, South America, and much of Asia are permitted to have them since they are still classified as developing countries.