Discover Skoda’s bold plan to develop a fully localized electric vehicle in India, targeting both domestic and international markets by 2027-28.
Table of Contents
Introduction
In a strategic move that promises to reshape the Indian electric vehicle (EV) market, Škoda Auto India is gearing up to launch a completely localized electric vehicle. The Czech carmaker is set to transform its Chakan facility into a hub of electric innovation, signaling a significant commitment to India’s automotive future.
Key Highlights of Skoda’s EV Strategy
Localization and Manufacturing
Petr Janeba, Brand Director of Škoda Auto India, has confirmed the company’s unwavering commitment to developing a fully Indian-made electric vehicle with plans to manufacture it at their Chakan facility, targeting both the Indian market and export opportunities.
Timeline and Investment
The company is targeting the launch of its locally manufactured EV by 2027-28, carefully navigating the complex landscape of India’s evolving EV policy.
Challenges in the Indian EV Market
Policy and Tariff Uncertainties
The automotive landscape is currently marked by significant challenges:
- India’s new Scheme to Promote Manufacturing of Electric Passenger Cars (SMEC) offers reduced import duties from 110% to 15% for premium EVs
- Manufacturers must invest approximately $500 million
- Requirement to establish local manufacturing within three years
- Meet domestic value addition targets (25% by third year, 50% by fifth year)
Skoda’s Potential EV Lineup
Potential Models Under Consideration
Skoda is exploring multiple EV options, including:
- Enyaq
- Enyaq Coupe
- Elroq
Manufacturing Capacity Insights
Skoda’s parent company, Volkswagen, currently has a production capacity of 240,000 units per year in Chakan near Pune, with recent exports showing a 63% year-on-year rise.
Conclusion
Skoda’s commitment to developing a made-in-India EV demonstrates the company’s long-term vision for the Indian automotive market. As policy landscapes evolve and technology advances, Skoda is positioning itself as a key player in India’s electric mobility future.
