Skoda to Introduce More Global Models in India Next Year, Delays EV Launch

Skoda Auto India is set to enhance its presence in the Indian market by introducing several of its renowned global car models next year. Ashish Gupta, Brand Director of Skoda Auto India, stated that while the locally produced portfolio will remain consistent, the company intends to import and sell some of its iconic global vehicles to invigorate the market, similar to the recent introduction of the Octavia. The company currently offers a range of vehicles priced between ₹7 lakh and over ₹40 lakh, including locally manufactured models like the Kylaq, Kushaq, and Slavia, alongside imported models like the Octavia and Kodiaq.\n\nDespite this expansion, Skoda has no immediate plans to introduce electric cars in India. Gupta cited significant market uncertainties, such as Free Trade Agreement (FTA) discussions and the evolving EV policy, as major challenges in creating a stable long-term EV strategy. He acknowledged that electrification is the future for India but indicated a potential delay in its pace.\n\nSkoda Auto India is currently enjoying its most successful year in the country, with sales of 61,607 units from January to October 2025, surpassing its previous annual record of 53,721 units in 2022. The company aims to retain its 2% market share in the domestic passenger vehicle segment and anticipates the current sales momentum to continue. The company also plans to expand the Kylaq range with new trims and update its Kushaq and Slavia models.\n\nImpact\nThis news is moderately important for the Indian stock market, primarily affecting the automotive sector. Skoda's strategy to introduce more premium imported models could influence consumer demand and competition, potentially impacting sales figures for other manufacturers. The delay in EV introduction, while strategic for Skoda, also reflects broader industry challenges in India regarding EV policy and market readiness. Investors may see this as a sign of cautious optimism in the internal combustion engine (ICE) segment, while also noting the inherent shift towards EVs globally. Rating: 6/10\n\nDifficult terms explained:\nFTA (Free Trade Agreement): An agreement between two or more countries to reduce or eliminate barriers to imports and exports of goods and services.\nEV (Electric Vehicle): A vehicle that is powered partly or entirely by electricity. ICE (Internal Combustion Engine): An engine that generates power by burning fuel, such as gasoline or diesel, in a combustion chamber.