Skoda Accelerates into India's Electric Future
Skoda Auto India plans to launch an electric car in the Indian market by 2027-28 after establishing a localized supplier base. The company aims to capitalize on the rapidly growing demand for electric vehicles and expand its market share, while also increasing its dealership footprint across the country.
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Skoda Auto India, part of the Volkswagen group, announced plans to venture into the Indian electric vehicle market by 2027-28. The move will follow the establishment of a localized supplier base, essential for the company's strategy to penetrate the fast-growing sector.
Brand director Ashish Gupta emphasized the company's commitment to anticipate and adapt to the market shift towards electric cars, which currently account for 10-12% of the total industry segment. By the target year, Skoda expects a conducive policy environment and robust infrastructure to be in place.
With current models like Kylaq, Slavia, Kushaq, and Kodiaq, Skoda Auto India holds a 1.7% market share. The company's production base in Pune supports exports to the Middle East and Africa, and plans are underway to increase domestic dealerships to 350 locations, particularly in Tier 2 and Tier 3 cities, by 2025.
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