Skoda Auto India to hike car prices by up to 2.5% from January 1

Skoda Auto India has said that the move comes as there has been a surge in the cost of inputs for production.
By : PTI
| Updated on: 29 Dec 2020, 13:40 PM
2020 Skoda Rapid TSI
2020 Skoda Rapid TSI
2020 Skoda Rapid TSI
2020 Skoda Rapid TSI

European car manufacturer Skoda on Tuesday said it is looking to hike car prices by up to 2.5 per cent from January 1, 2021 in view of increasing production costs.

Some of the automakers in the country have already announced price hikes for their vehicle models from January 1, 2021 on account of rising input and material costs besides fluctuations in exchange rates.

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(Also read | Volkswagen to hike Polo, Vento prices in India by up to 2.5% next month)

"There has been a surge in the cost of our inputs for production due to significant volatility in the global commodity prices and foreign exchange rates in recent times," Skoda Auto India spokesperson said in a statement.

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"Skoda Auto India has been absorbing these incremental costs, all this while, but is now considering a price increase of up to 2.5 per cent with effect from January 1, across its model range," the statement added.

First Published Date: 29 Dec 2020, 13:40 PM IST
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