Skoda will roll out its first compact car – the redesigned Fabia – in India by the end of this year.
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“We are planning to launch the car by the end of this year. Fabia is very well accepted globally and with our experience in the car business, we are confident of receiving a similar response from the Indian customers as well,” Skoda India managing director (commercial) Karsten Bogun told Indian Express.
Bogun did not reveal the price but the report said the Fabia is likely to be come with a premium tag and would be pitched above Maruti Swift and Hyundai Getz that cost between INR400,000-500,000 ($US9,800-$12,200).
In the last five years, Skoda India has sold over 43,000 units, including luxury sedan Octavia. This year the company has set a sales target of 17,000 units. The company has a plant in Aurangabad district of Maharashtra, the local report said.
Bogun also said the company plans to expand its dealer network to 58 across the country by end of this year, Indian Express added.
