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Universal Times Magazine > Blog > Automobile > India becomes Skoda’s third- largest market
Automobile

India becomes Skoda’s third- largest market

Gaurav Verma
Last updated: 2022/11/10 at 5:06 PM
Gaurav Verma
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Skoda Auto India sold 38,300 cars during January-September 2022, up 186.9% over the same period last year, which makes India its third-largest market globally, after Germany (100,700 cars) and Czech Republic (51,200 cars).India also overtook China in the process, where Skoda sold 36,300 cars. Petr Solc, director of sales & marketing at Skoda Auto India, told FE that a right product portfolio post the launch of the India 2.0 project in 2018 has led to this turnaround.

“If you include October month sales, we have clocked 44,500 units in India already in this calendar year, and the aim is to cross 50,000 units in 2022,” Solc said. “Our previous best was 10 years ago, when we sold 34,000 cars. ”In 2018, the Volkswagen Group announced it would invest €1 billion in the India 2.0 project, led by subsidiary Skoda. Under this, Skoda and Volkswagen are developing new models specifically for the Indian market. The first product was Skoda Kushaq SUV (launched on July 9, 2021), followed by the Volkswagen Taigun (September 23, 2021), the Skoda Slavia (February 28, 2022) and the Volkswagen Virtus (June 9, 2022).

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Gaurav Verma November 10, 2022 November 10, 2022
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