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Found 2 results

  1. Skoda is all set to pull the plug on the Fabia and will stop selling its only hatchback in Indian the market. However, Skoda will finish assembling Fabia kits before stopping production and hence the Fabia will continue to be sold, possibly till the end this year, until stocks are exhausted. Skoda’s decision to withdraw the hatchback from the market was prompted by the huge losses the company has been incurring on the Fabia. Successive price cuts over the years to prop up demand has seen this car shedding almost 40 per cent of its price tag since its launch in 2008, which badly squeezed margins. The Fabia’s relatively low level of local content made it very expensive to produce and this problem was compounded by the Indian Rupee depreciation of 36 percent since 2008 which pushed up costs even higher. According to industry sources, Skoda was losing as much as Rs. 1.5 lakh per car and hence the company was deliberately refraining from aggressively marketing the Fabia which sold a meagre 3,343 units in the 2012-2013 fiscal year. Last month Skoda sold a paltry 115 units. Earlier this year, Honda withdrew its premium hatchback the Jazz, for similar reasons as the car was just too expensive too produce. Read more here: Fabia to be discontinued I think this is a good move by Skoda. I was never really a fan of the Fabia, never liked the front end especially and always found it to be overpriced. The Polo outsold Fabia by a huge margin really and to be honest Im happy to see it go.
  2. Buy a Skoda Rapid and get a Fabia free

    Yes you read it right but its not the company that is giving you a free car but a dealer in Gujarat whos offering a free Fabia if you buy a Rapid. However, the dealer Torque Auto will give you the Fabia 5 years later.But all taxes (including VAT, road tax etc.) and insurance will be borne by the owner. If you'd rather have cash instead of the car, Torque Auto will pay you Rs. 350,000 in the year 2018. You dont have a choice in variant either, it will be the base variant but you can chose a petrol or a diesel. Looks like this dealer must having lots of Fabias lying around since anyways it doesnt sell well at all. Any member from Gujarat has more info on this? Next is what? Buy Vento and get Polo free?