Retail in Asia

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Audi Chairman says India is our future market

Audi Chairman Rupert Stadler said India was the future market for the German luxury carmaker. The company expects a 10-fold leap in sales in India in the next 10-15 years, guided by 1,658 units in sales and 58 percent sales growth in 2009. This year the automaker aims to double sales by starting the local assembly of a third model – the sports utility vehicle the Q5 – from June 2010.