
Summary:
Skoda plans to roughly triple its car sales in India to more than 100,000 units by 2025, making it one of its top three markets. This ambition is supported by the launch of its affordable SUV, Kylaq, and a planned electric vehicle (EV). To reduce costs, the company also uses locally available vehicle components. Despite a 26.3% sales decline in 2024, Skoda expects significant growth and aims for a top-five market position.
Skoda is expanding its exports to key markets like the Middle East, North Africa, and Australia. The company plans to launch its first electric vehicle in India this year, with the decision between the Enyaq and the more affordable Elroc depending on consumer feedback and government regulations. Skoda is also working on making servicing more affordable by using locally sourced vehicle parts. The brand produces models such as the Slavia sedan, Kushaq SUV, and Kodiaq SUV, and is considering plug-in hybrids.
Source: IBEF
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