Skoda said the price increase will be up to 3% across the board for all models sold in the nation.
Skoda Auto India is the latest in a long line of automakers to announce a price increase beginning January 1 of the new year. Skoda's lineup includes the freshly released Kushaq SUV, Rapid, Octavia, Kodiaq, and Superb. According to an official statement from the firm, the price increase for Skoda vehicles will be up to 3% beginning in January.
The reason for the increase is rising input and operating expenses, which have been mentioned by other OEMs as well. Despite the macroeconomic headwinds, we have worked hard to ensure that the customer effect of the incremental price rise is as little as possible. Skoda Auto India Brand Director Zac Hollis stated. As we work to establish the Skoda brand in India, we will continue to deliver the finest in quality and value.
Skoda's Kushaq has been a huge hit since its debut earlier this month. In the first six months after its release, the mid-size SUV garnered 20,000 reservations.
The price increases, however, aren't anticipated to go down well with the car-buying public, despite the fact that all major companies in the country are progressively making the decision. Maruti Suzuki, Tata Motors, Mercedes-Benz, Audi, and others have already declared price increases on some or all of their respective models.
With the global semiconductor crisis persisting and causing production and supply-chain concerns, the Indian car sector is projected to face challenges in 2022. Market observers note that, while demand is expected to remain strong, extended wait times and price increases may prevent consumers from finalizing plans to purchase a new car.
The engineering team spent 6 years researching and developing the production-ready model. However, it is not very different from the concept model shown in 2019.More