Skoda Auto, the Czench brand has announced price hike of 2 percent over its entire range of products in our country on 10th December, 2018. Therefore, the entire range of the Skoda line up will see a price hike of roughly between Rs 50,000 to Rs 90,000 depending on the model. Skoda Auto India offers the Rapid, the Octavia, Sthe Superb and the Kodiaq. Among them, the entry level product of Skoda Auto, the Rapid is currently priced at Rs 7.99 lakh while the top of the end variant, the Kodiaq is priced at Rs 33.84 lakh. Both the prices are ex showroom (Delhi) price. Skodaes that the volatility in global markets, along with the rising input and distribution costs has led them to take this step.
ZacZac Hollis, Director Sales and Marketing, Skoda Auto India Pvt Ltd, stated, “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 buy is now considering a price increase of up to 2% with effect from 01 January 2019 across its model range.” “It has been absorbing these incremental costs all this while but is now considering a price hike of up to 2 per cent with effect from next month across its model range,” he added.
SkodaSkoda Auto India had increased the price of its products already twice this year, once in January 2018 and next in March 2018. Last time, the price hike went up to 2-3 percent as well. Skoda Auto India has introduced a new campaign named “Buy now, Pay in 2020”, which offers a 12 month EMI holiday plan, along with 100 per cent on-road financing scheme. Besides that the lower interest rates and special EMI packages among other benefits are also a part of this scheme. Skoda has introduced this scheme in order to counter balance the price hike.
Along side Skoda Auto India, the other auto makers including the BMW India, Toyota, Isuzu Motors and Maruti Suzuki have also announced the price hike across their respective product ranges. The German automaker, Volkswagen has also stated to increase the price of its entire range of product line up by 3 percent.