Skoda Auto Volkswagen will not bring electric cars in India
By MYBRANDBOOK
According to sources, Skoda is not likely to drive in its electric car in India anytime soon as it thinks the market is not ready for such vehicles due to high acquisition cost as compared with internal combustion cars.
The company is gearing up to drive in SUV Kushaq in July, has also decided to stay away from diesel powertrains for now and bring in only petrol-powered cars.
Skoda Auto Volkswagen India Managing Director Gurpratap Boparai said, "The economics of electric (vehicles) doesn't work in the mass segments just yet. The battery prices have come down but not to an extent where they could compete with internal combustion engine cars and that is some years away."
The electric vehicle business is not viable currently as the economics do not work, he added.
Under the India 2.0 Project, German automotive group Volkswagen had announced in 2018 that it would invest 1 billion euro between 2019 and 2021 as part of its strategy to enhance its presence in India.
Boparai said that the Volkswagen group would have its representation in the electric segment with a premium offering from group firm Audi. "We will of course start this year with some of the luxury or premium offerings from the group, not Skoda or Volkswagen but other brands. There are a couple of launches lined up this year. It is no secret that we will have Audi e-tron and the e-tron GT launch this year and then we are looking at Porsche Macan," he added.
Boparai said that with the transition to BS-VI emission norms last year, it did not make sense to go in for diesel technology. He noted that the company's BS-VI petrol engines were extremely fun to drive with enough torque and power. Skoda aims to drive in four new products, including Kushaq and new Octavia, over the next 12 months.
BREAKING NEWS
TECHNO TRENDS
Dell spins off VMware stake to pay $9.7 Billion to reduce the
Dell Technologies Inc said on Wednesday it would spin off its 81 percent s...
IT services giant Ensono is acquired by KKR
Ensono, a leading hybrid IT services provider, it provides a comprehensive ...
Route Mobile is investigating claims on the data leak
Hackers has able to compromised servers of enterprise communications firm ...
Pine Labs acquires Fave to mark entry in consumer payments
Pine Labs has announced the acquisition of Fave for $45 million, as it loo...
E-Magazine
TECHNOTAINMENT
Pay ransom or I will use your website to sell drugs: Hacker to
Bollywood actor Pooja Bedi has previously fall prey to the cybercrimina
Stunning looks of Janhvi Kapoor in swimsuit makes-up
The stunning looks of actress Janhvi Kapoor in silver swimsuit looks abso
MOVERS & SHAKERS
LTI names Anil Rander as the new CFO
Larsen & Toubro Infotech has appointed Anil Rander as its Chief Financia
Pega India appoints Smriti Mathur as Senior Director and Head
the software company that crushes business complexity at the world's leadin
OPEN YOUR EYES
INTERVIEWS
D-Link continues its efforts in bringing out innovative networ
D-Link is also focusing on ‘Make in India’; at present more than 45% of
DENAVE DELIVERING VALUETO THE GLOBAL SALESECOSYSTEM WITH ITS S
At Denave, the significance of R&D is estimated in the same vein. Taking ex
HOT PICK
Acer launches Nitro 5 with 11th Gen Intel® Core™ H-series P
ACER unveiled its newest gaming laptop Acer Nitro 5 powered by the lates
TECNO unveils SPARK 7 6000mAh battery and 16MP AI Dual rear ca
TECNO has announced the launch of SPARK 7 - yet another future-ready devic
MAKE IN INDIA BRANDS
Havells India Ltd
SecurEye
GURUCUL SOLUTIONS PVT. LTD.
Quick Heal Technologies (P) Ltd.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
SOM SATSANGI, MD - HP ENTERPRISE
Som Satsangi is the present MD India at HPE. Prior to this he was the ...
LT GEN RAJESH PANTH
Lt Gen. (Dr) Rajesh Pant, India’s National Cyber Security Coordinato...
ARUN M KUMAR
Arun M. Kumar, Chairman and CEO, KPMG in India is an accomplished glob...
CMO of the Year
Panel Discussion Session
Women leadership in Technology Sales
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
MOST TRUSTED BRANDS
