It already has the technology for hybrid powertrains.
Although the company has the technology ready for hybrid powertrains, it is awaiting consumer demand and a clearer regulatory landscape across states to launch hybrid models.
Speaking to reporters on the sideline of the Kylaq launch, Petr Janeba, brand director, Skoda Auto, said it plans to bring a hybrid variant of the next generation Kushaq in three years.
"If customer demand picks up for hybrid vehicles, then we will definitely look at bringing in a hybrid variant of the Kylaq too," he added.
This comes alongside the launch of the company's new compact SUV, the Kylaq, priced competitively at ₹7.89 lakh (ex-showroom).
Skoda plans to capture a share of the booming sub-four-metre SUV segment which accounts for about 30 per cent of SUV sales in India.
This story is from the November 07, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 07, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
MVA lists five poll guarantees, promises ₹3K/mth to women
The Maha Vikas Aghadi (MVA) Opposition alliance in Maharashtra unveiled \"five guarantees\" for the upcoming Assembly polls on Wednesday, which include a monthly allowance of ₹3,000 and free travel in state transport buses for women.
Indian markets celebrate the 'Red' win
Register biggest one-day gains in six weeks on Trump's victory
COSTS VARY: DO COST-BENEFIT ANALYSIS BEFORE BUYING RIDER
Tata AIG General Insurance recently introduced five new riders that can be purchased with its health insurance policies and provide more than 60 benefits to customers.
Wall Street indices hit new highs
Wall Street's main indices soared to record highs on Wednesday, as Republican Donald Trump won the 2024 US presidential election in a remarkable comeback four years after he was voted out of the White House.
Dollar set for biggest one-day jump since '20
The US dollar soared on Wednesday and was set for its biggest one-day rise since March 2020 after Republican Donald Trump won the US presidential election, while the euro, Chinese yuan and Mexican peso were among the biggest losers on potential new tariffs in the regions.
Hindustan Zinc OFS garners bids worth ₹3,385 cr
Hindustan Zinc's (HZL's) share sale on Wednesday garnered bids for 67 million shares - worth ₹3,385 crore - as against 105.6 million on offer.
Bitcoin surges to all-time high
The price of bitcoin hit a new high Wednesday as investors bet that former President Donald Trump's victory in the US presidential election will be a boon for cryptocurrencies.
Swiggy IPO subscribed 12% on first day of offer
The initial public offering (IPO) of food delivery major Swiggy was subscribed 12 per cent on Wednesday, the opening day of the issue.
High-growth segments, Tier-II, -III cities to drive long-term gains for ABB
ABB reported a weak quarter. Revenue was at ₹2,910 crore, up only 5 per cent year-on-year (Y-o-Y), with operating profit at ₹540 crore, up 23 per cent and net profit at ₹440 crore.
Nvidia overtakes Apple as world's most valuable firm
Nvidia Corp became the largest company in the world on Tuesday, surpassing Apple Inc and underscoring just how dominant artificial intelligence has become on Wall Street.
