Sometime ago the Indian government announced the new budget for the year 2018. In which vehicles imported in the Indian shores and sold in the market via the CBU (Completely Built Unit) route will have to bear the increase in taxes. As well as the vehicles imported and sold in the Indian market via the SKD (Semi-Knocked Down) route will face increase in taxes.
Skoda Auto has now announced that they will be hiking the prices of all their products in its stable. This price hike will take place from the 1st of March 2018. This hike in price is also due to the revision in custom duties which was announced in the Union Budget. Skoda claims that the price hike will take place in a phased manner.
In addition to this the Czech automotive manufacturer has also stated that the multi-step price hike will range from three to four percent. This will completely depend upon the various products and its variants.
As we mentioned above that the price hike will be carried out in a phased manner, initially the price will be increased by one percent. According to the current pricing, it means that there will be an increase by Rs 10,000 to Rs 35,000. In addition to this Skoda Auto has planned to introduce a loyalty bonus upto Rs 50,000 for its existing Skoda customers who wish to purchase a new Skoda car.
As of now Skoda hasn't disclosed the revised prices of its fleet of cars in India. Skoda Auto will be discussing the new list of prices in the coming days.
If you want to book a Skoda car, log in to MyNewCar.in and book your ride today. Do let us know what you feel about the upcoming price hike from Skoda in the comments section below.