Skoda considers exiting Chinese market; Focus on India

CEO, Klaus Zellmer was quoted saying that the company will take a final decision sometime next year.

Czech car brand Skoda is said to be considering the possibility of withdrawing from the Chinese market. According to reports, Skoda Auto CEO, Klaus Zellmer was quoted saying that the company will take a final decision sometime next year.

Zellmer stated that the reason for considering the exit is the intense competition in the Chinese market. The decision on how to proceed further will be taken together by Skoda and its Chinese JV partner after considering all scenarios.

Although the CEO didn't reveal any details, Zellmer did mention that Skoda wants to focus more on India at the moment.

Source: Automobilwoche