Udayavni Special

Skoda’s 2019 sales to fall to 15000 units as economic slowdown hurts demand


PTI, Dec 5, 2019, 11:32 AM IST

Kolkata: Czech carmaker Skoda on Wednesday said its sales would be lower at 15,000 units in India during 2019 as compared to the previous year, due to the economic slowdown in the country.

The company had sold 17,000 cars in 2018, Skoda Auto India Private Limited director (sales, service and marketing) Zac Hollis said.

In the first nine months of the current year, sales were substantially down than last year, he said.

“Sales were down up to 20 percent across the industry for the last few months. Our sales in calendar 2019 will be lower at 15,000 units as compared to 17,000 in 2018,” he told reporters here.

Hollis said that there had been certain issues due to the “cyclical slowdown of the economy and maybe, the US-China trade war”.

“Banks are shying away from extending finances to some extent”, he said.

Hollis said that in 2020 calendar year, sales are expected to remain “fairly flat”.

“Going by the indicators, the market is expected to pick up in 2021”, he said.

The company will launch a mid-size SUV with 95 percent localization in 2021, he said, adding that its sales in India have been driven by models such as ‘Octavia’, ‘Superb’ and ‘Rapid’.

To a query on the impact on sales due to the onset of cab aggregators and shared mobility, Hollis said, “There is some effect which is very little. People still have the aspiration to own a car.

Top News

Dakshina Kannada district police uncover huge network of inter-State marijuana smugglers

K’taka COVID-19 update: 6257 new cases; 6473 discharges; 86 deaths on Aug 11

Indian Railways suspends all regular passenger train services indefinitely

Russia announces first vaccine against COVID-19; Putin’s daughter inoculated

Chikmagalur: Minister CT Ravi visits flood-affected areas

Will address grievances of MLAs: Rajasthan CM

COVID-19 cases dip below 55,000; recovery rate rises to 69.80 pc



Related Articles More

Hyundai Creta crosses 5 lakh cumulative sales milestone in domestic market

Indian users can now create virtual visiting cards on Google Search

GoAir told to pay daily to use AAI airports from August 11

Govt abolishes Cotton Advisory Board; notifies change in status of textiles research associations

Flipkart launches its first startup accelerator programme

MUST WATCH

Russia becomes first country to develop COVID vaccine? Putin’s daughter inoculates?

EXPOSED | Peacocks of Bangalore are in threat from Sewage | Udayavani

Karnataka SSLC Results 2020 Declared | Udayavani

Belthangady : A massive landslide near Mittagabilu village

SSLC results: Nidhi Rao from DK dist amongst second toppers in state

Latest Additions

Dakshina Kannada district police uncover huge network of inter-State marijuana smugglers

K’taka COVID-19 update: 6257 new cases; 6473 discharges; 86 deaths on Aug 11

Mizoram doctor-turned-MLA performs emergency caesarean, helps woman deliver baby

J&K students’ body urges CM Yediyurappa to drop sedition charge against 3 Kashmiri students

Indian Railways suspends all regular passenger train services indefinitely

Thanks for visiting Udayavani

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