Skoda is one of the most popular car makes among Indians and has been a favorite in the country ever since it launched in India with its Octavia sedan. However, not all is well at the Volkswagen owned Skoda Motors. The company plans to discontinue its hit hatchback Fabia owing to low sales and cut throat competition from other manufacturers who also have cars in the same range.
Skoda managed to sell just 3343 units of the Fabia car in the Fiscal Year 2013 which happens to be the company’s 5 year low figure for the Fabia. The company will totally discontinue the model by August 31st 2013 and plans to solely concentrate on the Sedan segment where it has been doing really good with cars like Skoda Superb and Laura. Skoda also plans to relaunch the previously discontinued Octavia in a new avatar.
Skoda Auto recently posted a FY 13 Sales decline of 14.73%. Overall the company sold over 29,000 cars of which Fabia accounted for just 3,300 units.