Audi Group records best H1 in history with 10-lakh car sales

TusharK · 31st July 2021, 21:20

The Audi Group has recorded its best half-year performance in the company's history. From January-June 2021, the carmaker delivered 9,81,681 units to customers worldwide, a rise of 38.8% compared to the previous year.

Audi Group records best H1 in history with 10-lakh car sales-a215267_large.jpg

With close to a million vehicles sold, Audi's sales revenue grew by 42.7% to €29.2 billion. Its operating profit stood at €3.1 billion, while the operating returns on sales were 10.7%, which lies within the company's target range of 9-11%. The net cash flow amounted to €5.5 billion.

In China, Audi delivered 4,18,749 vehicles - a growth of 38.4% compared to the previous year. The brand registered a growth of 59.9% in the US market and 32.7% in Europe.

Audi Group records best H1 in history with 10-lakh car sales-audi.jpg

In the first half of 2021, the Audi Group registered a pre-tax profit of €3,875 million, with a net cash flow of €5,512 million.

Link to Team-BHP News

extreme_torque · 1st August 2021, 08:06

And this is exactly why China is so important not only as a the factory of the world but also as a consumer market. To put it into perspective, Chinese sales are almost the combined sales of Europe and USA both! Astonishing!

India is not even in the list, even below Mexico or Brazil. If we had the same priorities as the Chinese, we should have been doing atleast half the Chinese numbers given we were almost similar sized economies not too long ago.

GTO · 1st August 2021, 09:07

There are a few companies that planned their 'chips' better than others and Audi is one of them. While Audi is also affected, it appears to be less so than the others. The car market is back & how (especially in China), due to many reasons (pent up demand, revenge spending etc.). Always happy to see such news.

Sucks though that Audi India is a shadow of its global self.

dragracer567 · 2nd August 2021, 10:41

Other comparisons aside, the striking factor is just how large the Mexican and Brazilian luxury car markets are in relation to India. It seems that the sales of Audi in Brazilian is more or less similar to the sales of Mercedes in India (the top dog in the Indian luxury market) but with a population smaller than UP. Mexico's luxury car market seems even bigger by about 25% as compared to India but with a population similar to Maharashtra.

We might bang on about how Indians are smarter and buy more reliable Fortuners instead but I think the real problem is that there just isn't enough upper-middle class Indians (by international standards) who can afford cars >40 lakhs. It does pop the bubble on how we perceive India's rise in the world.

PS sorry this was way out of topic.

31st July 2021, 21:20	#1
TusharK Senior - BHPian Join Date: Jul 2017 Location: Pune Posts: 6,266 Thanked: 55,817 Times	Audi Group records best H1 in history with 10-lakh car sales The Audi Group has recorded its best half-year performance in the company's history. From January-June 2021, the carmaker delivered 9,81,681 units to customers worldwide, a rise of 38.8% compared to the previous year. With close to a million vehicles sold, Audi's sales revenue grew by 42.7% to €29.2 billion. Its operating profit stood at €3.1 billion, while the operating returns on sales were 10.7%, which lies within the company's target range of 9-11%. The net cash flow amounted to €5.5 billion. In China, Audi delivered 4,18,749 vehicles - a growth of 38.4% compared to the previous year. The brand registered a growth of 59.9% in the US market and 32.7% in Europe. In the first half of 2021, the Audi Group registered a pre-tax profit of €3,875 million, with a net cash flow of €5,512 million. Link to Team-BHP News Last edited by TusharK : 31st July 2021 at 21:22.
	(10) Thanks

1st August 2021, 08:06	#2
extreme_torque Senior - BHPian Join Date: Feb 2005 Location: Melbourne Posts: 4,377 Thanked: 5,105 Times	re: Audi Group records best H1 in history with 10-lakh car sales And this is exactly why China is so important not only as a the factory of the world but also as a consumer market. To put it into perspective, Chinese sales are almost the combined sales of Europe and USA both! Astonishing! India is not even in the list, even below Mexico or Brazil. If we had the same priorities as the Chinese, we should have been doing atleast half the Chinese numbers given we were almost similar sized economies not too long ago.
	(11) Thanks

1st August 2021, 09:07	#3
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 70,534 Thanked: 300,737 Times View My Garage	re: Audi Group records best H1 in history with 10-lakh car sales There are a few companies that planned their 'chips' better than others and Audi is one of them. While Audi is also affected, it appears to be less so than the others. The car market is back & how (especially in China), due to many reasons (pent up demand, revenge spending etc.). Always happy to see such news. Sucks though that Audi India is a shadow of its global self. Last edited by GTO : 1st August 2021 at 09:08.
	(5) Thanks

2nd August 2021, 10:41	#4
dragracer567 BHPian Join Date: Aug 2019 Location: Bahrain Posts: 935 Thanked: 4,979 Times	Re: Audi Group records best H1 in history with 10-lakh car sales Other comparisons aside, the striking factor is just how large the Mexican and Brazilian luxury car markets are in relation to India. It seems that the sales of Audi in Brazilian is more or less similar to the sales of Mercedes in India (the top dog in the Indian luxury market) but with a population smaller than UP. Mexico's luxury car market seems even bigger by about 25% as compared to India but with a population similar to Maharashtra. We might bang on about how Indians are smarter and buy more reliable Fortuners instead but I think the real problem is that there just isn't enough upper-middle class Indians (by international standards) who can afford cars >40 lakhs. It does pop the bubble on how we perceive India's rise in the world. PS sorry this was way out of topic.
	(4) Thanks