Site icon China Economic Review

Audi cuts spare-part prices in China

Volkswagen’s (VOW.ETR) Audi car brand said it would cut prices of spare parts in China after Chinese anti-monopoly regulators began probing the auto industry, Reuters reported. The National Development and Reform Commission, China’s state planner, is investigating the industry amid domestic media complaints that foreign carmakers, using a dominant market position, are overcharging Chinese customers on products and spare parts. “As a premium market leader Audi has made the price adjustments proactively,” Audi said in an emailed statement over the weekend, adding the new prices will be effective August 1. “Audi and its joint venture FAW-Volkswagen support the efforts of the NDRC to examine the pricing in the after-sales area in China,” the company said.

Exit mobile version