Skoda Auto Volkswagen India Targets Industry-Leading Growth by FY27
Skoda Auto Volkswagen India aims to top industry growth in FY27
The Economic Times
Image: The Economic Times
Skoda Auto Volkswagen India aims to exceed the local passenger vehicle industry's projected growth of 6-7% in FY27. The company plans to introduce 18-19 new models and increase its market share from 2.34% to 5% by the end of the decade, driven by strong demand and recent tax cuts.
- 01Skoda Auto Volkswagen India aims for over 6-7% growth in FY27.
- 02The company plans to launch 18-19 new models, including facelifts.
- 03Current market share stands at 2.34%, with a goal to reach 5%.
- 04Retail sales surged nearly 30% in FY26, totaling 109,210 units.
- 05Confidence bolstered by sustained demand post-GST cuts.
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Skoda Auto Volkswagen India is setting ambitious growth targets as it aims to outperform the local passenger vehicle market, which is projected to grow in the mid-single digits of 6-7% in FY27. Piyush Arora, the group Managing Director and CEO, indicated that the company expects to exceed this growth, driven by the introduction of 18-19 new models, including facelifts, and sustained demand momentum following the goods and services tax (GST) cuts implemented last September. Currently holding a market share of 2.34%, the company aims to more than double this to 5% by the end of the decade. This optimism is further supported by a significant rise in retail sales, which increased nearly 30% in FY26, reaching 109,210 units, according to data from the Federation of Automobile Dealers Associations.
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The growth of Skoda Auto Volkswagen India could lead to more job opportunities and increased competition in the local automotive market, potentially benefiting consumers through more choices and better pricing.
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