New Delhi: Czech vehicle company Skoda Auto India on Tuesday launched a new version of the Rapid TSI and Superb sedan, along with the launch of its new SUV Karoq in India. The SUV Karokyu has an ex-showroom price of Rs 24.99 lakhs. The company launched its new model today in a virtual way.
Corona causes car companies to focus on online sales, from car booking to service
The company said that due to Corona virus epidemic, it is not going to change the target of selling 100,000 cars annually in India by 2025. Skoda Auto is a unit of the Volkswagen Group. Skoda Auto India said on Tuesday that the sedan Rapid costs Rs 7.49 lakh and the Superb is priced at Rs 29.99 lakh.
The company has clarified that it is not going to stop its investment in India. However, he may not be able to achieve the target due to the health crisis. Skoda Auto India brand director Jack Hollis said that we believe the Kovid-19 will have a short to medium term impact. We believe in India’s long-term potential. We are not changing the target of selling 100,000 cars annually in India till 2025.
India ranks among the top five global markets for Skoda. Asked if the company would continue to invest in India, he said that we have no plans to stop investing. Skoda Auto is spearheading the Volkswagen Group revitalization program in India under the India 2.0 program.
Under this, there is a plan to invest one billion euro or 7,900 crore rupees from 2019 to 2021. The group aims to achieve a five percent share in India’s passenger car market by 2025. Right now it is around two percent.