Skoda Auto India has announced an upward price revision across its model range by up to 2 per cent from January 1, 2019. The Czech brand considered a price increment after reviewing its input and freight costs on both domestic and import frontage. Skoda is not the first carmaker to hike prices of its cars and it joins the likes of Maruti Suzuki, Hyundai, BMW among others.
Zac Hollis, Director - Sales, Service, and Marketing, Skoda Auto India Pvt Ltd said, "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 has been absorbing these incremental costs all this while but is now considering a price increase of up to 2% with effect from 01 January 2019 across its model range."
To boost sales, the company has also introduced 'Buy Now and Pay in 2020' campaign: a twelve month EMI holiday program for its customers who can also avail schemes like 100 per cent on-road financing, interest rates starting at 8.99 per cent, special EMI packages, and benefits ranging from ₹ 60,000 to ₹ 1,00,000.