Skoda looks to turn profitable in India this year: Official
Skoda is looking to turn profitable in India this year as it expects sales to double with its foraying into the high volume sub-compact SUV segment with its new offering Kylaq, according to a top company executive. Bullish on its growth aspects, the automaker expects the Indian market to break into its top five markets globally with enhanced sales volume growth.
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In an interaction with PTI, Skoda Auto Board Member for Sales and Marketing Martin Jahn said the company plans to enhance its model lineup, including electric cars, and bolster localisation to ramp up the scale of operations in India.
He said the company also plans to utilise India to export to various markets globally.
«We want to more than double our sales this year. We believe that India will make it to the top five of the global markets of Skoda. We also plan to use India to export more to the Middle East, North Africa, to Australia,» Jahn said.
Further, he said Skoda has been extremely successful in Europe last year and now also wants to grow in the Indian market.
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