Skoda announced its plan to increase the prices of all its new vehicles in from January 1 2021.
Skoda confirmed that it is going to hike the prices of all its vehicles in our market from January 1 2021. The price hike is pinpointed to go up by up to 2.5 per cent. As per its latest statement, the price changes are the result of the increase in production and material cost caused by the recent “significant volatility in the global commodity prices and foreign exchange rates”.
Skoda will increase the prices of all its vehicles from January 1 2021
It is a common practice for all car manufacturers to revise the price scheme at the beginning of the year. Before Skoda, we have seen multiple carmakers to announce their plan to hike of the prices of its line-up, from the largest car brands like Maruti Suzuki, Hyundai Mahindra, Kia, to less popular brands like Honda, Renault, Ford, Volkswagen and more. Similar to Skoda, most of them cites the increment of production cost as the main reason for the price updates.
In related news, Skoda India is working on developing a couple of new models for the Indian market. One of them is the Vision IN SUV. The upcoming SUV is based on the MQB A0 IN platform which was built specifically for our market. The localized platform is also used on the Volkswagen Tiguan. It is expected that the new SUV will hit the showrooms in May 2021 and will take on the Hyundai Creta, Kia Seltos and MG Hector.
Besides this SUV, Skoda is also readying a new sedan to replace the slow-selling Rapid. At launch, this all-new sedan will enter the competition against the likes of Honda City, Maruti Ciaz and Hyundai Verna. To fill up the timeline, Skoda will also launch a few other models including Skoda Kodiaq petrol and new-gen Skoda Octavia.
Skoda has scheduled to launch some new models next year
Getting ready for all these upcoming models, Skoda partnered with Dr Auto Technologies and opened its largest showrooms in India at Navi Mumbai, Maharashtra. This facility is constructed in line with the new Corporate Identity and Design as a part of Skoda Auto’s global rebranding process. Moreover, according to the INDIA 2.0 project, Skoda India will double the number of showrooms and service touchpoints by 2022.