Skoda Auto Volkswagen India expects to move close to breaking-even in 2023

The VW Group's local arm is counting on higher sales in domestic and exports markets

Skoda Auto Volkswagen India expects to inch closer to the break-even levels next calendar year as it sweats the investment made in the country as part of its India 2.O strategy and ramps up the volumes for the domestic and export markets, Thomas Schaefer, Global CEO of Škoda Auto said in an interaction on Tuesday.

“We need to get the numbers. We have been producing low volumes in the past. Our game is volumes. Therefore, the factory has to be utilised fully,” Schaefer told Business Standard at a virtual roundtable from Prague. There is a need for deeper—part by part