Economy, Auto

Skoda Eying Iran

Skoda Eying IranSkoda Eying Iran

Carmaker Skoda Auto plans to market its products in Iran, as Volkswagen’s low-cost subsidiary believes the domestic market has high growth potential.  Tomas Kubik, the spokesperson for Skoda Auto, also told CIANEWS that the firm is analyzing the situation in many markets and regions that could become lucrative in the long run.  In addition to Iran, these markets also include North America and South Korea. “No specific decision has been made yet, though,” he said. Skoda Auto is now active in more than 100 markets around the world. The brand’s global sales in the first five months of 2016 grew to 470,600 vehicles indicating a 4.6% year-on-year increase.  Kubik stressed that Skoda has researched the Iranian market and believes that its vehicles will suit the budgetary constraints of Iran’s middle-class consumers. Vehicles produced by the Prague-based company, which would be most suited to the local market, include the Skoda Citigo, a micro hatchback vehicle suitable for the urban environment.  Another suitable candidate might be the medium-sized Fabia hatchback.