Skoda Auto India has announced a price rise for all its models ranging from 1 to 1.8 percent. The new prices will be made effective from August 2012. The company is claiming that the increase in input prices and the volatile exchange rates are responsible for the announced price rise.
Skoda Auto India is doing quite good in the market which has not seen a proper growth in the last few months. The Czech carmaker has registered an incredible growth rate of about 89% in June 2012 against the same period last year.
Skoda is considering India as one of the most vital centers of growth in the region since its arrival in the Indian market more than 10 years ago. According to its 2018 Growth Strategy, Skoda is aiming to increase its global sales by at least 1.5 million per year.