Auto News

Skoda Hikes Prices By Up To 1.8 Percent

By Motortrend India Staff   |   26 July,2012

Car maker Skoda Auto India on Tuesday announced to hike the prices of its entire range of products by up to 1.8 percent with effect from August due to high input costs and adverse currency movements.

"Skoda Auto India has announced a 1-1.8 percent 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 two-fold increase in its sales for June at 4,923 units. It had sold 2,610 units in the same month last year.

Skoda sells five models in India -- Fabia, Rapid, Laura, Yeti and Superb. According to its website, the prices of these vehicles range between Rs 4.46 lakh and Rs 24 lakh (ex-showroom, Delhi).

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