Financial Daily from THE HINDU group of publications
Wednesday, Sep 01, 2004
Financial Daily from THE HINDU group of publications Wednesday, Sep 01, 2004 |
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Outlook Marketing - New Products & Services Skoda plans 2 new models; launches turbo petrol engine car Our Bureau
Mr Imran Hassen, Managing Director, Skoda Auto India Pvt Ltd, at the launch of Skoda RS in the Capital on Tuesday. - Ramesh Sharma
New Delhi , Aug. 31 VOLKSWAGEN group company Skoda Auto India is planning to launch two more models in the current year including an automatic diesel variant of the premium sedan L&K. The company also plans to roll out an Octavia variant based on a new platform next year. "We will be bringing in new product lines next year, for which we would also need to expand our facility. Our new model line-up for next year includes the Octavia on the A5 platform. The current Octavia is based on the A4 platform," Mr Imran Hassen, Managing Director of Skoda Auto India, said. He added that Skoda would also be setting up an R&D centre in the country next year. The company today announced the launch of a new model, the Skoda Octavia RS, dubbed as India's first turbo petrol engine car. The SkodaRS has been priced at Rs 13.23 lakh (ex-showroom, Delhi). The SkodaRS is powered by a 1,781cc, multi-point fuel injection engine. It has features like a 528-litre double-bed boot, sun and moon roof, and parking sensor. Mr Hassen said: "The new SkodaRS heralds the beginning of a completely new category in the Indian automobile category. The car can go from 0 to 100 kmph in about 8.4 seconds." Skoda, which has invested over $56 million in India, aims to break even next year and is targeting 60 per cent sales growth this year at 8,000 units.
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