”The decision to increase prices from January 1, 2022, is a result of the rising input costs and increased operational costs,” Skoda Auto Brand Director Zac Hollis said in a statement. Despite the macro-economic challenges, the company has worked to ensure that the customer impact in terms of the incremental price increase is minimal, he added.
There has been a steady increase in raw materials like steel, aluminum, copper, and precious metals over the last year prompting automobile manufacturers to raise model prices.
Already, various carmakers like India, Tata Motors, Toyota Kirloskar Motor, and Honda Cars have indicated to increase vehicle prices from next month.
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