Tuesday, July 24, 2012
By Pawan Rana
Skoda car prices increased from 1 to 1.8 per cent
Skoda Auto India has announced a 1% to 1.8% price increase across its product range effective early August 2012. The revised pricing is a result of increasing input prices and volatile exchange rates. This new price hike will be seen in all its car models starting from Skoda Fabia to Skoda Yeti. Although, despite the challenging market environment which has dampened the sentiment across the auto industry, Skoda Auto India registered a growth of 89% in June 2012 over the same period last year.
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India is being considered as an important centre of growth, since the company’s entry in the Indian market more than ten years ago. Under its “2018 Growth Strategy”, Skoda aims to increase its global sales to at least 1.5 million per year.
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Skoda has been operating in India since November 2001 as a subsidiary of ŠKODA Auto a. s. Czech Republic (Volkswagen Group), one of the fastest growing car manufacturers in Europe. It has set up a state-of-the-art manufacturing facility in Shendra near Aurangabad, Maharashtra. The facility is spread across 300,000 sq. mt. Skoda Auto India has 5 models on sale in India – Skoda Superb, Skoda Laura, Skoda Fabia, Skoda Yeti and the recently launched Skoda Rapid. Skoda Auto India has a network of 106 outlets across the country and has sold over 1,54,023 units since December 2001.