Skoda Begins Sales In Vietnam; To Source Cars From India Starting Late-2024
By Amaan Ahmed
3 mins read
Published on September 23, 2023
- Skoda begins operations in Vietnam in partnership with Thanh Cong Group.
- Kodiaq and Karoq imports underway; Octavia, Superb and Enyaq to follow.
- India-made Kushaq to be introduced as a locally-assembled model later in 2024.
With an aim to become the leading European carmaker in the country, Skoda has now officially entered the Vietnamese car market with the launch of two SUVs. carandbike is one of two Indian media outlets that were present at the event that featured key figures from Skoda's distribution and production partner in Vietnam, Thanh Cong Group (TC Group), where Skoda introduced the Kodiaq and Karoq SUVs, both of which are being shipped into Vietnam as full imports. This is the first step in Skoda’s plans for Vietnam, which include setting up 30 sales outlets and clocking sales of over 40,000 units a year by 2030.
Both the Karoq and Kodiaq that will be sold in India are being produced at Skoda’s Kvasiny plant, and shipping them to Vietnam takes a little over six weeks. Attracting 49 per cent custom duty as completely built-up (CBU) models, the Karoq, in Vietnam, costs the Indian equivalent of Rs 34-37 lakh, while the Kodiaq costs between Rs 40-48 lakh (ex-showroom). In 2024, Skoda will also start imports of the Octavia and Superb sedans, with the all-electric duo of the Enyaq iV and Enyaq Coupe set to be launched in 2025.
In Vietnam, the Karoq is being offered in two trim levels.
Local assembly is also on the cards, with Skoda set to bring the India-made Kushaq compact SUV to Vietnam in completely knocked down (CKD) form. Sourcing of the CKD kits from the carmaker’s Pune plant will begin in the second half of 2024, and these will be assembled at a new production line currently being built at the Viet Hung Industrial Park in Quang Ninh province. After the Kushaq, the Slavia sedan will also be introduced in Vietnam as a locally-assembled model in 2025, following the same CKD route. Skoda believes there is potential to assemble up to 27,000 vehicles in Vietnam every year after 2027.
Speaking at the Vietnam launch, Martin Jahn, Board Member for Sales and Marketing at Skoda Auto, said, "We are excited to engage with Vietnam’s dynamic economy and a new group of customers in this fast-growing market. This is also the next step in our accelerating internationalisation strategy, strengthening our brand in the ASEAN region and intensifying the synergies between our two key markets of India and Europe. During the preparations, it has been clear that in TC Group we have an excellent partner for the production and sale of our attractive model portfolio. I look forward to starting a successful future together."
Skoda’s expansion plans in Vietnam include adding showrooms in central and southern Vietnam, with the goal of establishing 20 dealerships by 2025 and 30 by 2028. Bearing in mind the strong growth potential in a market where there are fewer than 40 vehicles per 1,000 inhabitants, Skoda anticipates annual sales of 30,000 units over the next few years, with that number expected to surge to over 40,000 units after 2030.
Last Updated on September 23, 2023
Great Deals on Used CarsView All Used Cars
- 39,692 km
- 16,197 km
- 44,000 km
- 24,000 km
- 39,000 km
- 16,523 km
- 48,000 km
- 45,704 km
- 56,000 km
- 32,000 km
-4319 second ago
The latest iteration gets a slew of updated features and mechanical upgrades.
38 minutes ago
The brand is offering free service support through its dealer network in Chennai and other affected areas.
1 hour ago
Toyota and its dealer partners have set up a special emergency helpline number and have a deployed the Hilux pickup for rescue and movement of submerged vehicles
4 hours ago
Starting from December 8, 2023 customers affected by the flash floods can avail free RSA, engine check-ups and other service benefits at the Yamaha service centers
4 hours ago
MG Motor India has introduced a December Fest sale with sizable benefits across its lineup with offers valid until December 31
5 hours ago
Ducati said that the price increase was due to a rise in operational costs and will affect select motorcycles on sale
6 hours ago
The Q6 e-Tron will boast an 800-volt electrical system, a 100 kWh battery offering a range of 373 miles, and dual electric motors generating up to 510 horsepower
22 hours ago
The made-in-India sport bike is powered by a 457 cc parallel-twin engine that puts out a peak 47 bhp.
23 hours ago
The new Triumph Bonneville Stealth Editions come with special hand-painted colours that change hues depending on the light
1 day ago
The W175 Street gets alloy wheels and tubeless tyres, aside from new paint finishes
13 days ago
It is currently available in Belgium, Denmark, Luxembourg, Germany, Austria, and Switzerland
15 days ago
Special editions are gaining traction among buyers and carmakers have tried to make the most of this trend
1 month ago
All of these launches have happened in the last couple of years
1 month ago
The fourth generation of Skoda’s flagship sedan is also likely to make its way to India.
1 month ago
The new Superb will be offered with petrol, diesel and plug-in-hybrid powertrain options