Skoda Auto India is planning to double its annual vehicle sales in India to 30,000 units in 2021 by producing new models in the market, according to media reports citing the company’s top officials.
The company aims to increase car sales in India on the back of its India 2.0 project with the Volkswagen Group.
On March 18, the company had unveiled its first product, a mid-size SUV designed and developed under the India 2.0 project called Skoda Kushaq. The company said that the SUV will be on sale from July 2021 which will ramp up its sales in the country.
The India 2.0 project was announced over two years ago, with a planned investment of Rs80bn to strengthen Skoda’s operations in India.
The company will launch four cars in the next 12 months. At the end of the year, the company will showcase its second car under the India 2.0 project, which will be a sedan.
The Czech company is eyeing a 5pc market share with Volkswagen by 2025 and is expecting India to become one of the top five markets.