Skoda Auto Volkswagen will not bring electric cars in India
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.
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