Monday, 10 October 2011

Skoda Citigo to be launched in India - Officials words out !!!




Czech automaker Skoda is lining up a new compact car Citigo for India, the small car originally planned for Europe. The company has not been able to crack the big volume compact car segment in India with the Fabia, and it now plans to launch new products in the lower-end of the market to corner higher numbers and market share."

The Citigo, which is mainly a small car for Europe, also has a potential in a market like India," Skoda Auto Global chairman Winfried Vahland told TOI here. Vahland, who was in India to oversee the production of the company's soon-to-be-launched entry sedan Rapid (based on parent Volkswagen's Vento), said India is one of the key markets for the company globally, along with China and Russia.

"We are very optimistic on the Indian market and expect growth rates between 10% and 20% in the coming years." Vahland said the company is looking to give a substantial push to its sales in India. "The Rapid is the first model in this direction and it is the first car from the Skoda brand which has been designed, keeping in mind the special needs of Indian customers. It will be manufactured here."

The Rapid will be launched in India in December and will compete with models like Nissan's Sunny, Toyota's Etios, Maruti's Dzire, Ford's Fiesta Classic and Tata's Indigo Manza. It will be priced lower than Volkswagen Vento, whose price starts at Rs 7lakh. The model will be manufactured at Volkswagen's Chakan factory.

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