Skoda India made an announcement today that it plans to increase prices of all its vehicles from January 1, 2018. The company states that the price increase will range from 2% - 3% depending on the product and variant. The changing market conditions and various external economic factors are driving this price impact, mentions the company.
Skoda Auto presently sells five products in India. The range starts from the Skoda Rapid that competes with the likes of the Honda City, Maruti Suzuki Ciaz and the VW Vento. Then comes the Skoda Octavia that locks horns with the Hyundai Elantra and the Toyota Corolla. Skoda also launched the performance-spec Octavia RS sedan at Rs 24.62 lakh in September this year. Skoda India has sold the first batch of 250 units of the Octavia RS. The next set of 250 cars should arrive by early 2018 and we believe Skoda India dealerships are already taking bookings for the new batch. The performance-spec version of the Skoda Octavia gets a 2.0-litre turbo-petrol engine that produces 230PS of power. Sitting in the premium space are the Skoda Superb and the recently launched Skoda Kodiaq.
Automobile manufacturers often announce increase in prices for the new year and Skoda Auto is the first brand to do so with its 2018 model range. We expect other automobile manufacturers to follow suit as well.