Czech car maker Skoda Auto India is reportedly planning to stop its Fabia Hatchback in India.
According to reports, the company is likely to pull out its once premium Fabia hatch back from the domestic market due to the declining sales.
"Skoda is in the process of strengthening its model range and as a part of this process, Skoda is contemplating a pause in production of the Fabia in India," a company spokesperson said in a statement as quoted by Press Trust of India.
The Fabia, which made its debut in Indian car market in 2008, had set new trends in the hatchback market. According to repoprts, the company will sell the vehicle in the country till the existing kits are cleared or till the end of 2013.There were also reports that the company is likely to wind up the sales by August.
According to Society of Indian Automobile Manufacturers (SIAM), the company sold 3,343 units of Fabia during 2012-13 as compared to 14,936 units in the previous fiscal, registering a fall of 77.62 percent. Currently, the car is priced between ₹5.03 lakh and ₹8.14 lakh. The increased competition in the domestic market and the currency fluctuation has contributed to the declined sale of the car.
"The Rapid in India was the first model launched as a part of our global 2018 growth strategy and we are happy with its performance. We expect future launches to further complement our market share," the spokesperson said.