Skoda looking to hike car prices by up to 2.5 pc from Jan 1


PTI, Dec 29, 2020, 2:03 PM IST

European car manufacturer Skoda on Tuesday said it is looking to hike car prices by up to 2.5 per cent from January 1, 2021 in view of increasing production costs. Some of the automakers in the country have already announced price hikes for their vehicle models from January 1, 2021 on account of rising input and material costs besides fluctuations in exchange rates.

”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 2.5 per cent with effect from January 1, across its model range,” Skoda Auto India spokesperson said in a statement.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Coal minister suggests using Paradip Port Trust as coal hub

Trials in crimes against children to be completed in a year: Kerala CM

Modi govt making coastal security impenetrable: Shah

District bordering Kerala on high alert after 32 students test Covid positive

COVID-19: Total fatalities cross 30,000 in Kerala

PM Modi to offer prayers at Kedarnath temple on Nov 5

Timeline in cruise drugs seizure case

Related Articles More

Sensex crashes 1159 pts to end day below 60k, Nifty down by 354 pts

Rupee rises 16 paise against US dollar in early trade

Nykaa raises Rs 2,396 cr from anchor investors ahead of IPO

CBDT expands Form 26AS info list; includes foreign remittances, MF buys

GST officers arrest 3 persons for running fake firms, evading Rs 48 cr GST

MUST WATCH

Soma Poojary | Rice Cultivation Information Guide

News Bulletin 28-10-2021

Basavaraj Bommai at Hubballi

Geetagayana at Kaup Beach

Karnataka rajyotsava celebrations: Mass rendition of Kannada songs at Udupi DC Office


Latest Additions

Coal minister suggests using Paradip Port Trust as coal hub

Amarinder-Shah meeting over farm laws postponed

Trials in crimes against children to be completed in a year: Kerala CM

Modi govt making coastal security impenetrable: Shah

District bordering Kerala on high alert after 32 students test Covid positive

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.