Skoda to hike vehicle prices by up to 2% from Jan

NEW DELHI: Skoda Auto India on Monday said it will increase prices of all its models by up to 2% from January 1, 2019. The company considered a price hike after reviewing its input and freight costs on both domestic and import fronts, it said. “There has been a surge in the cost of our inputs for production due to significant volatility in the global commodity prices and foreign exchange rates in recent times,” Skoda Auto India director, sales, service, and marketing, Zac Hollis said. It has been absorbing these incremental costs all this while but is now considering a price hike of up to 2% with effect from next month across its model range, he added.