Skoda India plans sub-Rs 10 lakh SUV

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Skoda Auto, a global company for the first time plans to launch a mini-sports utility vehicle (SUV) priced below Rs. 10 lakh and will directly challenge the big international companies such as Mitsubishi, Toyota, General Motors, Hyundai and Skoda, who sell SUV’s in India at the prices above Rs. 15 lakh, according to reports.

The Skoda product will directly challenge Indian companies, which offer cheaper options. Mahindra & Mahindra’s Scorpio is priced between Rs. 7.43 lakh and Rs. 12.39 lakh, while Tata Motors’ Safari Dicor costs between Rs. 8 lakh and Rs. 13 lakh, stated reports.

Skoda’s new SUV could also pose a challenge in the luxury mid-sized sedan market, which includes Honda City, Volkswagen Vento and Hyundai Verna, added reports.

[Source:indiainfoline.com]

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