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Skoda to invest 1 billion Euros in India 2.0

July 02, 2018, 03:06 PM IST by Omkar Thakur
Skoda to invest 1 billion Euros in India 2.0

- First new product to be an SUV based on MQB-A0-IN platform

- 19 new models worldwide by 2020

- 10 electric and hybrid vehicles by 2025

After Volkswagen Group officially handed over the reins to Skoda for India 2.0, the Czech car maker has announced an investment of a billion euros (almost Rs 8000cr) for the Indian market. The first product will be developed at the new development centre which is being setup in Pune. To be an SUV, the first new Skoda will debut by 2020.

The task of localising the MQB-A0 will be entrusted to this development centre which will target almost 90 per cent localisation to keep the costs as competitive as possible. The SUV will ideally be a Hyundai Creta rival instead of being a sub-four metre budget offering and will be the first MQB-A0-IN product for India.

Also, in the meantime, after-sales and service will be one of the top priorities for Skoda in India. With renewed focus on the Indian car market, Skoda would want to hop on to the latest trends to attain their goal of achieving 5 per cent market share by 2025. Along with the SUV, Skoda will certainly build a new premum hatchback to compete with the likes of the Hyundai i20 and the Maruti Baleno along with the all-new Rapid.

 
Tags:Skoda,Rapid new,Skoda Rapid new
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