Skoda India is showing some strong dedication towards the Indian Market. After we spied two of their products in the testing phase – Rapid & Fabia Scout, the company has gone ahead and made another official announcement.
Skoda has confirmed that it is in the process of developing a small car below its Fabia specially for the Indian market.
Sales and marketing chief Thomas Kuehl -
We are planning to launch an entry level small car in the price range of INR300,000 to INR500,000 by 2013 in India
The company also confirmed that the new small car will be available with both petrol and diesel engine. Most of the parts required to build this small car will be sourced from India. The company is targeting 70% localization and manufacturing will be at Volkswagen' Chakan plant where the Fabia, Polo and Vento are made.
The price segment that Skoda India has mention is utterly dominated by top two Indian giants: Maruti Suzuki (Wagon R) and Hyundai (i10). Is Skoda India ready to take on the biggies?
Source - Just-Auto.com