Business Daily from THE HINDU group of publications
Wednesday, Dec 19, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Dec 19, 2007 ePaper | Mobile/PDA Version |
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Corporate
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Outlook Skoda car prices may go up by Rs 20,000 Our Bureau Mumbai, Dec. 18 SkodaIndia, a subsidiary of SkodaAuto of Czech Republic (Volkswagen Group), has decided to revise the price due to the rising input costs. A hike of up to Rs 20, 000 is expected on all models. The new pricing for Skoda cars would be applicable from January 1, 2008. “Input costs are negotiated on an annual target achievement basis with our vendors and the increase in prices is in line with our renegotiated terms with them. The company has made efforts to keep the price rise marginal on all models after having analysed the additional costs,” said a company release here. Sales declinedThe price has been hiked across all variants of Skoda under the broad category of Octavia, Laura and Superb. Currently, the price of Skoda Octavia variants is between Rs 10.5- 11 lakh and the price of Skoda Laura models is around Rs 15 lakh while the top-end Skoda Superb models cost above Rs 22 lakh. Skoda’s sales declined this year. From January to November 2007, Skoda sold 10,604 cars against 11,142 for the same period last year. Meanwhile, Hyundai Motors also have indicated that they would raise car prices by two-three per cent from next year. More Stories on : Outlook | Cars
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