Published on Tue, Dec 18, 2007 at 17:20 | Source : Moneycontrol.com
Updated at Tue, Dec 18, 2007 at 18:46
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ŠkodaIndia set for Price Revision
ŠkodaIndia, a fully owned subsidiary of ŠkodaAuto a.s. of Czech Republic (Volkswagen Group), one of the fastest growing European car manufacturers has decided to revise the price due to the rising input costs.
ŠkodaIndia, a fully owned subsidiary of ŠkodaAuto a.s. of Czech Republic (Volkswagen Group), one of the fastest growing European car manufacturers has decided to revise the price due to the rising input costs. A hike of upto Rs.20, 000/- is expected on various models. The new pricing for Skoda cars would be applicable from January 1st 2008.
On this decision, a senior official from ŠkodaIndia said "Input costs are negotiated on an annual target achievement basis with our vendors and the increase in prices is in line with our renegotiated terms with them. The Company has made efforts to keep the price rise marginal on all models after having analysed the additional costs.
