The Registrations of Skoda vehicles in India attained a value of 11,372 Units in 2020
The indicator recorded a historical decline (CAGR) of 13% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Vehicle industry in India post pandemic
The Indian car manufacturing industry has fluctuated between growth and decline in value and volume terms in recent years. The industry suffered a particularly steep decline in 2020 amid the COVID-19 pandemic. The industry looks set to recover in the forecast period. A key feature of the Indian industry during the historic period was the Indian government’s sudden decision to announce demonetization. The economic alarm that was ignited as a consequence of the government’s actions ultimately struck the country’s car manufacturing industry, as the sale of cars hit a 16-year low in December 2016. Though sales have recovered, it was on the back of heavy discounts in order to boost demand. As such, even though volume consumption levels recovered in the aftermath of the demonetization, the value of the market was not able to grow at the same pace.
Skoda Auto AS
Skoda Auto AS (Skoda Auto), a subsidiary of Volkswagen AG, is an automobile manufacturer in the Czech Republic. The company involves in the development, production and distribution of passenger cars, sports utility vehicles, engines and parts, and car accessories. Skoda Auto's product portfolio includes Citigo, Fabia, Rapid, Fabia Combi, Yeti, Octavia, Karoq, Kodiaq and Superb. The company offers its products and services through a network of dealers worldwide. Skoda Auto has production plants located in Kvasiny and Vrchlabi in the Czech Republic. It also manufactures Skoda cars in overseas locations such as China, India, Russia, Ukraine, Slovakia, and Kazakhstan. Skoda Auto Auto is headquartered in Mlada Boleslav, the Czech Republic.
Products & Services
Its products and services widely range into Utility Cars, Engines, Parts, Car Accessories, Repair, and Maintenance. Skoda’s flagship brand is SKODA.
Past performance
2019 was a good year for SKODA. Despite shrinking markets, the brand successfully continued the largest model initiative in its history and made an important contribution to the VOLKSWAGEN Group’s positive annual results. The brand and product strategy is taking effect. The company is therefore well positioned to successfully continue its growth in the segment of price- and function- -oriented customers. Within the Volume brand group, SKODA will in future be responsible for the development of the new VOLKSWAGEN Passat and SKODA SUPERB generation. The aim is to develop technical solutions for the entire model family in a uniform manner. This will save costs and effort for prototypes and test vehicles.
In addition, the colleagues have been committed to driving forward the Group project INDIA 2.0. The new development centre has been opened and the merger of the individual companies to form SKODA AUTO Volkswagen India Private Limited has been completed. With two SKODA and two VOLKSWAGEN models each developed for the local market and produced locally, the brand now bears overall responsibility for the important Indian market. SKODA gave an outlook on the new INDIA 2.0 model portfolio at the Delhi Motor Show. The brand has also taken over the regional management responsibility for the Russia region within the Group.
Vehicle registration scenario
Skoda has remained in thirteenth and fourteenth position in total vehicle registrations in India from 2015 to 2020.However, globaldata predicts its ranking to improve to twelfth and remain consistent at the same position till the forecasted period.
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