A price hike was announced today by Skoda Auto India across its model range starting 1st January 2016. The increase in prices varies from 2% to 3% across their entire portfolio. This amounts to an approximate increase by Rs. 14,000 to 50,000 depending on the model and variant. Skoda cited reasons such as increasing input costs and changing market conditions to justify the hike.
Auto majors such as BMW, Mercedes Benz, Nissan, Maruti Suzuki, Hyundai, and Toyota had recently announced their price hikes that would take effect starting January and now Skoda Auto India is the latest one to join the list.Such announcements are usually made around the end of the year to help clear inventories.
The price range for Skoda Auto India’s models stands between INR 7.22 lakhs and INR 24.84 lakhs (ex-showroom). Their current portfolio includes the Rapid, the Yeti, the Octavia and the Superb.