Why Skoda is going to increase its car prices from Jan 1, 2022 - Statement from carmaker
Automaker Skoda Auto on Friday said it will increase prices of its entire product range by up to 3 per cent from January 1, 2022.
Automaker Skoda Auto on Friday said it will increase prices of its entire product range by up to 3 per cent from January 1, 2022.
(Pic: Official website of Škoda Auto)
Skoda car portfolio
The company sells models like Kushaq, Kodiak, Octavia among others in the domestic market.
(Pic: Official website of Škoda Auto)
Skoda statement on car price hike
"The decision to increase prices from January 1, 2022, is a result of the rising input costs and increased operational costs," Skoda Auto Brand Director Zac Hollis said in a statement.
Despite the macro-economic challenges, the company has worked to ensure that the customer impact in terms of the incremental price increase is minimal, he added.
(Pic: Official website of Škoda Auto)
Hike in raw material price
There has been a steady increase in raw materials like steel, aluminum, copper, and precious metals over the last year prompting automobile manufacturers to raise model prices.
(Pic: Official website of Škoda Auto)
Car price hike
Already, various carmakers like Maruti Suzuki India, Tata Motors, Toyota Kirloskar Motor, and Honda Cars have indicated to increase vehicle prices from next month.
(Pic: Official website of Škoda Auto)