Audi is planning to invest a total of around €22 billion (Rs 1.88 lakh crore) in new models, innovative technologies and its worldwide production infrastructure in the next five years.
The company's German sites will benefit from the largest technical development and investment programme in the company's history - more than half of the planned investment will go to the Ingolstadt and Neckarsulm sites. Moreover, Audi also plans to create more jobs globally in 2014.
Rupert Stadler, chairman of the AUDI AG board of management, views the investment programme as an important component of the company's growth strategy.
"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."
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