NEW DELHI: Skoda Auto India today said it will hike prices of its entire model range by up to Rs 50,000 from January in order to offset the impact of rising input costs.
“The increase will vary from 2 to 3 per cent across the entire product portfolio. The new prices effective from January 1, 2016, are in line with increasing input cost and changing market conditions,” Skoda Auto India said in a statement.
The price increase will translate into an increase of around Rs 14,000 to Rs 50,000 depending on the model and the variant, it added.
Skoda Auto India currently sells four models — Rapid, Octavia, Yeti and Superb, priced between Rs 7.55 lakh and Rs 26.83 lakh (ex-showroom Delhi).
Already, various car makers like Maruti Suzuki, Hyundai Motor India, Toyota and German luxury car makers Mercedes Benz and BMW have announced a hike in prices of their vehicles across models from January to offset rising input costs.
Experts believe carmakers usually come up with such announcements around this time of the year which help them clear inventories left after the heavy festival discounts on vehicles. (AGENCIES)
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