Firstly, a great work done by Doc (SS Traveller).
It is so very well explained, that i don't need to go over that experience again.
So will keep my self only to the views i have for this car.
Before that, let me brag about myself.

I was like Doc, the Unofficial Expert 1 winner as well where i got a chance to review the Skoda Rapid. The short review also got posted on AutocarIndia magazine on Page 86, March 2012 issue.
Here goes my review:
They say “Return of the Legend”
And hell Yeah! They are right.
We are talking about the New Octavia recently unveiled by Skoda.
Octavia when launched in 2001 was an instant hit and it became synonymous to Skoda. And because of this response Skoda continued selling the 1st gen Octavia till 2010 alongside Laura (2nd Gen Octavia). There was a lot on Skoda’s shoulders to live upto that image and boy they performed superbly under pressure.
The new Octavia is a tremendous car and leaps and bounds ahead of the Laura.
Looks – The new vision D Concept design philosophy has been very well incorporated in the new Octavia. The clean and sharp lines look elegant. It carries the new Skoda Badge. The butterfly grille, the clear headlamps, the straight sharp character line and the C shaped tail lamps (that made the debut in 2005) are some of the typically Skoda features. The C pillar has been stretched more towards the boot to make the typical Skoda large fifth door. The car is striking and the trim with the Bi-xenon Headlamps and daytime running LEDs did turned many heads during the drive. The TSI version can be differentiated from the TDI by rear decklid spoiler.
Inside the cabin – The Clean and clear sharp lines have been carried over to the inside. There is no messing around with curvy lines here and the dash and center console in black and beige look simple and classy. The center console carries a beautiful 5.8” screen which multifunctions as a media display, parking assist display and the interface for setting up your car. Underneath that comes the A.C. unit with two dials for the Dual zone climate control. The music system has the option of Bluetooth, Aux, CD and a connector for the smart phones and USB. The 8 speakers do the job perfectly. There are cubby holes all around the car but surprisingly the rear door pockets are not big enough to hold a 1ltr water bottle which otherwise can be placed on the rear armrest leaving no space for your arms to rest on. The boot is generous at 560 ltrs of space with the rear seats up and grows to 1580 ltrs. The seats can be adjusted in 12 ways electrically with a memory option (only in the Elegance trim). With the steering wheel adjustments you can have a perfect position for you to drive. The steering wheel has the controls for the media and for picking up calls.
How ever some features like Proximity sensor on the display (Which senses your finger approaching the touch display and highlight the icons) were of no use at all.
Mechanicals and features – The Octavia comes with the new Skoda MQB (Modularer QuerBaukasten) hat was designed for the transverse engine mounting. It emphasize mainly on strength and weight reduction. The Octavia will be launched in 3 engine options: a 1.4 TSI (140 ps), 1.8 TSI (180 ps) and a 2.0 TDI (143 ps).
The car comes with a lot of Safety Features like ESC (Electronic Stability Control), Multi collision break, Crew Protect Assistant pro-active occupant protection and 6 airbags.
Other features include AFS (Adaptive Frontlight System), Corner function in the front fog lamps, electrically adjustable and foldable rear view mirrors with automatic dimming, TPM (Tyre Pressure Monitoring), Panoramic sunroof with automatic closing in the rain and other Skoda’s “Simply Clever” features.
All said and done, shockingly Skoda does not offer reverse parking camera as standard making reversing a slightly difficult task. The parking assist for most won’t be a big help either. And the absence of the keyless start is hard to believe.
The Drive – The best segment for the review for me is surely the drive. With around 180 and 143 horses in the 1.8 TSI mill or the 2.0 TDI mill respectively the car is practically never runs out of breath.
The 1.8 TSI only comes in Elegance trim with the DSG. And boy it is amazing. This is the best of the lot and the one to go for the driving enthusiasts. The only glitch is slightly less responsive automatic but the sports/manual mode overcomes the lack smoothly. There is no noise/vibration whatsoever at the idle and the engine music can only be heard at high rpms. (I referred the noise as music as it is indeed pleasing to your ears)
The 2.0 TDI is also a proper diesel, easy to start but requires a slight push on the throttle to get this going if you pick up from the second gear (a common habit of many). There is a turbo lag till around 2000 rpm which is annoying but after that the car never is short of power and it was fairly comfortable to wander around the hilly roads of the Himalayas in the third gear.
After driving these machines the 1.4 TSI does feel a little less punchy but with initial torque band close to the 1.8 TSI, this engine will never be underpowered for lower rpms where the driver will spend most of the time. A good 18 ps more than the 1.4 TSI of Jetta gives the car sufficient punch and makes a good difference to the drive.
The Ride – The ride of the Octavia is perfect. Both the front and rear bench are one of the most comfortable in the segment. Add to that space and you have a perfect cabin. The car is less bouncy on the bad roads than the Jetta and the flattens out the potholes brilliantly. The suspensions work beautifully and so does the Skoda engineers to keep the thud out of the cabin.
The 1.4 TSI has a torsion beam on the rear and a slightly softer setup is the most comfortable. The 2.0 TDi felt a slightly stiffer on suspension setup which makes the car slightly bouncy on bad roads at low speeds but never so annoying or uncomfortable.
With ESP in place you will feel very confident pitching the car in the corners at high speed. The tires always stick to the asphalt making the Octavia a fun place to be behind the wheels.
The Verdict – It is bigger, roomier, more powerful and more comfortable. The car is surely a winner in terms of ride, handling, performance and interior space. It is the most beautiful of the lot and with ARAI figures (in kmpl) of 16.8, 14.7, 20.6 and 19.3 for 1.4 TSI, 1.8 TSI, 2.0 TDI and 2.0 TDI (A) makes it a good affordable car. My pick of form the engine options is the 1.8TSI (and will be more for the driving enthusiasts) but the 1.4 TSI offers the best package and value for money and eventually will be the most selling variant.
Everything will depend upon how Skoda will price the cars.