Skoda Cars to Go Expensive With Effect From Early August 2012

SKODA Auto India has made it public that all of their cars will go 1% to 1.8% expensive, the new rates will be effective from early August 2012. The revised pricing is a result of increasing input prices and volatile exchange rates. 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.

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.