Czech auto giant Skoda will roll out its first compact car - Fabia - in the country by the end of this year, as the Volkswagen Group firm seeks to gain share in one of the world's fastest-growing automobile markets.
"We are planning to launch the car by the end of this year. Fabia is very well accepted globally and with our experience in the car business, we are confident of receiving a similar response from the Indian customers as well," Skoda India Managing Director (Commercial) Karsten Bogun said in Ahmedabad.
Although Bogun did not reveal the price of the much-awaited car, Fabia is likely to be come with a premium tag and would be placed above Maruti Swift and Hyundai Getz that cost between Rs 4-5 lakh.
In the last five years Skoda India has sold over 43,000 units, including luxury sedan Octavia. This year the company has set a sales target of 17,000 units. The company has a plant in Aurangabad district of Maharashtra.
Bogun was talking to reporters here after the opening of the company's new dealership in Vadodara and Ahmedabad.
"Skoda India is glad to bring two new dealership to Gujarat, the most industrialised state in India today. We do believe these dealership will play a vital role in increasing our costumers in Gujarat and will also help us to achieve a bigger market here," he said.
He said the company plans to expand its dealer network to 58 across the country by end of this year.