Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesSkoda says 2010 vehicle sales hit record high

    Skoda says 2010 vehicle sales hit record high

    Skoda Auto, German carmaker Volkswagen's Czech unit, sold 762,600 vehicles in 2010, an 11.5% rise and a record year.

    January 06, 2011 / 20:13 IST

    Skoda Auto, German carmaker Volkswagen's Czech unit, sold 762,600 vehicles in 2010, an 11.5% rise and a record year.


    Sales grew in all Skoda markets, with the fastest growing seeing growth of more than 40%, Skoda chairman Winfried Vahland said on Thursday.


    Skoda, the Czech Republic's second biggest company by revenue, was set to at least double sales by 2018, he said.


    In December, a newspaper report said Skoda would double sales in five years but Skoda spokesman Rudolf Dreithaler said that was wrong and the plan was 2018.


    Cars and car parts are the Czech Republic's biggest export -- Skoda exports more than 90% of its output -- and a key driver of economic growth.

    Skoda, over 100 years old, generates revenue equivalent to 5% of Czech gross domestic product and its performance is a broad gauge for the overall economy.

    first published: Jan 6, 2011 07:24 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
    CloseOutskill Genai