In the past year or so the Indian Rupee has depreciated by 26.75 per cent as compared to the US dollar and the first casualty of it in the car segment is Skoda.
Skoda is finding it difficult due to the high exchange rate as the amount of localisation of Skoda cars isn’t that high compared to the other car makers. The smaller cars from Skoda seem to be suffering the most as majority of cars from these segments are heavily localised and don’t bear the brunt of depreciating rupee as much as Skoda does. As a result Skoda has decided to raise the prices of its entire range of cars. The increase will be in the range 1 to 2% depending upon the car and the variant.
The price rise will become effective in 2 to 3 weeks and the price increase which could happen model by model is as follows:
- Fabia: 10 ,000 to 15,000 Rs
- Rapid: 15,000 Rs
- Laura: 20,000 to 25,000 Rs
- Yeti: 20,000 to 25,000 RS
- Superb: 25,000 to 35,000 Rs
All companies that import components are affected by the depreciating rupee and we will not be surprised if more car companies increase the prices of their cars. So, if you are planning on buying a new car then you better hurry up or else you might end up paying more than what you had initially planned.
