The Indian unit of the popular German car maker Skoda is speculated to roll-out a new mini sports utility vehicle in the country in coming years. The new global SUV of Skoda is expected to be launched in the price of below Rs 10 lakh, making it the first ever global SUV in this price segment.
It is to be mentioned here that Skoda India had launched its much awaited premium SUV – Yeti – in the Indian market in November last year. The company had stated at that time that it aims to capture 20 percent market share in the SUV segment in the country. However, because of the comparatively high price range of Yeti (Rs 15.35 to 16.73 lacs), it failed to drive the volume sales in the Indian market.
If launched in the price range of sub Rs 10 lakh, the new prospective mini-SUV will not only strengthen the company’s position in the country but will also help it in achieving the target of 20 percent market share.
Meanwhile, the company is also developing a new small car for the rapidly growing markets like India. The new car will be priced below Skoda Fabia hatchback and will probably be competing with the likes of Maruti Wagon R, Chevrolet Spark and Hyundai i10.