Skoda Auto Volkswagen India aims to top industry growth in FY27

Mumbai: Skoda Auto Volkswagen India aims to outperform the local passenger vehicle industry, which is expected to grow in mid-single digits this fiscal year, according to company executives.

Piyush Arora, group MD & CEO, said the company expects to surpass the broader industry growth of 6-7% in FY27, backed by new product introductions, and sustained demand momentum after goods and services tax (GST) cuts last September.

He was speaking to the media on the sidelines of the unveiling of Volkswagen's Taigun SUV facelift.


The group plans to roll out 18-19 new models including facelifts and more than double its market share to 5% by the turn of this decade. It currently has a 2.34% market share. The automaker's confidence also stems from the strong momentum in FY26, with retail sales rising nearly 30% to 109,210 units, according to data from the Federation of Automobile Dealers Associations.