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201225 Jul



Skoda Auto India will hike the prices of its entire range of products by up to 1.8 per cent with effect from August due to high input costs and adverse currency movements.


"Skoda Auto India has announced a 1-1.8 per cent price increase across its product range effective early August, 2012. The revised pricing is a result of increasing input prices and volatile exchange rates," the company said in a statement.


Skoda Auto had reported nearly 89 per cent increase in its sales for June at 4,923 units. It had sold 2,610 units in the same month 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.

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