India is Skoda's most crucial market outside Europe, says CEO Zellmer

02 Jul 2024 CW Team

Czech car maker Skoda is preparing to launch new models, expand its sales network, and seek partnerships to enhance its business in India, which is its most important market outside Europe. Global CEO Klaus Zellmer shared that the company, which currently sells models like Kushaq and Slavia in India, plans to introduce a new compact SUV early next year. This move aims to nearly double its sales volume in the country.

Last year, Skoda Auto India sold around 49,000 units. India, the world's third-largest passenger vehicle market, saw annual dispatches surge to 42 lakh units in FY24.

Skoda, part of the Volkswagen Group, is also looking to introduce electric vehicles in the Indian market. Zellmer emphasized the company's willingness to learn and be customer-centric, given the significance of India to their brand outside Europe.

He highlighted that India is critical to Skoda Auto's growth strategy, offering the brand a competitive edge in its international expansion. Zellmer pointed out that the company's exit from Russia and underperformance in China makes India a key focus for future success.

He mentioned that relying solely on Europe as a market is not wise for the company. By diversifying and focusing on India, Skoda aims to strengthen its global position. Zellmer further noted that India is not only the most attractive region outside Europe but also the most competitive, with many new competitors and entrants in the market. This makes it a highly challenging environment, reflecting the dynamic nature of the automotive industry in India.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..