Price Hike: Skoda India to hike car prices upto INR 50K

Skoda Auto India will be hiking prices of its entire model range by up to Rs 50,000 from January in order to offset the impact of rising input costs.

The increase will vary from 2 to 3 per cent across the entire product portfolio. The new prices effective from January 1, 2016,  The price increase will translate into an increase of around Rs 14,000 to Rs 50,000  depending on the model and the variant.

Skoda Auto India currently sells four models - Rapid, Octavia, Yeti and Superb, priced between Rs 7.55 lakh and Rs 26.83 lakh (ex-showroom Delhi).

Experts believe carmakers usually come up with such announcements around this time of the year which help them clear inventories left after the heavy festival discounts on vehicles.

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