Skoda India to hike prices across range from January 1, 2019
Skoda Auto has issued an official release stating a hike in prices of its entire range sold in India. The Czech automaker mentions that an upward price revision across its model range by up to 2 per cent will be done from January 1, 2019 onwards. This decision was taken after reviewing its input and freight costs on both domestic and import frontage, stated Skoda Auto.
There has been a surge in the cost of our inputs for production due to significant volatility in the global commodity prices and foreign exchange rates in recent times. Skoda Auto India has been absorbing these incremental costs all this while but is now considering a price increase of up to 2 per cent with effect from 01 January 2019 across its model range," commented Zac Hollis, Director, Sales, Service, and Marketing, Skoda Auto India Pvt Ltd. The company's finance division has introduced the Buy Now and Pay in 2020 campaign which is a 12-month EMI holiday program for its customers who can also avail attractive schemes like 100 per cent on-road financing, interest rates starting at 8.99 per cent, special EMI packages, and benefits ranging from Rs 60,000 to Rs 1 lakh.
In other news, Skoda Auto has unveiled its new entrant in the international premium hatchback market with the Skoda Scala. The Scala is significantly larger in size than the Fabia and competes with larger hatchbacks like the Ford focus, VW Golf and the Honda Civic. But unlike the Golf, the Scala is based on the new MQB-A0 platform also found in the new gen Polo and VW T-Roc. More details here.
Team OD | 21 Jan 2019
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