Škoda Auto India to hike prices by around 2% in 2024

BUSINESS

·   Price hike will come into effect from January 1, 2024

·   Increased prices are due to the rising input costs

·   Increase is around 2% on ex-showroom cost

 

Škoda Auto India has announced a price hike of around 2% acrossitsrange from January 1, 2024.

 

The hike will be effective on the entirerange of Škoda Auto India vehicles — the Kushaq SUV, the Slavia sedan and the Kodiaq luxury 4×4. The price correction is owing to rising supply, input and operational costs.

 

Škoda Auto India introduced the newKushaq based on the all-newMQB-A0-IN platform specifically developed for India in July 2021. And the Slavia sedan in April 2022 based on the same platform. Both cars are now exported to GCC and other right hand drive markets and are going to lead the company’s entry into Vietnam in 2024.

 

Both the Kushaq and Slavia have earned a full 5-stars for both adult and child occupants under Global NCAP’s newer, stricter crash test protocols. With the Kodiaq having 5-stars for adults and children under Euro NCAP, Škoda Auto India have a 100% fleet of 5-star rated, crash-tested cars.

 

The company has also expanded its network from 120 customer touchpoints in 2021 to over 250 at the end of 2023. In line with its customer-centric approach, Škoda will continue to get closer to customers and offer its range of class-leading products.