India central to global expansion plans of Skoda, all eyes on sub-compact SUV

India is one of the most promising growth markets for Skoda Auto and the country will play a crucial role in the Czech automaker’s international expansion strategy, the company’s global CEO, Klaus Zellmer reportedly said.

PTI has reported that while talking about the automaker’s roadmap for India, Skoda said that it will enter the highly competitive and in-demand compact SUV segment in India in a year and will also launch its electric vehicle in the market.

Zellmer reportedly said that Skoda Auto India, which currently spearheads Volkswagen AG’s India operations, is looking to increase its market share in the country’s passenger vehicle space to five per cent by 2030. A key part of this growth strategy is production capacity expansion, where India will play a crucial role, revealed Skoda Auto CEO. “We are continually growing our capacity to respond quickly to the global markets. It is here that India plays a crucial role.

Europe is important as a core market, but our strategic focus is on growing a new international foundation so that we can stand on two strong legs,” he said, further adding, “India is a key contributor to our global growth and the most promising growth market for the years to come. Strengthening our India operations also strengthens our wider internationalisation potential.”