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Skoda plans to produce its new compact crossover in India starting in 2020. The Czech automaker wants to improve its position in one of the world's largest automotive markets.
Volkswagen plans to invest 1 billion euros in modernizing its production and infrastructure in India. Part of these funds will be Skoda.
Volkswagen has a factory in the west of India. Investments will increase its capacity. There is also a new research center to build.
The German automotive giant expects that an investment of 1 billion euros will enable it to increase its share in the Indian car market to 5%. This should happen by 2025. The focus will be on the sale of cars under the Skoda brand. Why? Because the VW group has now launched a decentralization strategy, according to which each brand of this group has its own area of responsibility. Skoda will now be responsible for India and Russia.
In 2017, Skoda's car sales in India increased by 30% over 2016. This is due to strong demand for the Skoda Rapid and Kodiaq crossovers. In 2020, the Czech company will bring a new compact crossover to the Indian market. Details about it at the moment. We do not even know how that will be called. We believe that information will come out next year.
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