Skoda hikes prices by upto 1.8%

Hike attributed to high input cost, adverse currency movement

Car maker Skoda Auto India today announced to hike the prices of its entire range of products by up to 1.8% with effect from August due to high input costs and adverse currency movements.

"Skoda Auto India has announced a 1-1.8% price increase across its product range effective early August, 2012. The revised pricing is a result of increasing input prices and volatile exchange rates," the company said in a statement.

Skoda Auto had reported nearly two-fold increase in its sales for June at 4,923 units. It had sold 2,610 units in the same month last year.

Skoda sells five models in India -- Fabia, Rapid, Laura, Yeti and Superb. According to its website, the prices of these vehicles range between Rs 4.46 lakh and Rs 24 lakh (ex-showroom, Delhi).