Škoda Auto poised to enter Vietnamese market

Škoda Auto continues to advance the company’s internationalisation and is on the cusp of entering the Vietnamese market. In cooperation with its local partner, the Thanh Cong Motor Vietnam (TC Motor), the Czech carmaker will be offering the first European models in the country as early as 2023. The assembly of the made-in-India KUSHAQ and SLAVIA models shipped from Škoda Auto Volkswagen India’s Chakan facility will also start in 2024. The production line is currently under construction. With its dynamically growing economy and significant potential in the automotive market, the country presents the ideal conditions to further strengthen Škoda Auto’s position in the region. The company anticipates an initial sales volume of 30,000 vehicles per year. Škoda Auto CEO, Klaus Zellmer emphasises: “For Škoda Auto, entering the Vietnamese market is the next logical step in our internationalisation strategy. Our attractive model portfolio offers exactly the right products for our customers, and we will be able to play to our strengths in this highly dynamic market. In addition, the geographical proximity to India provides great synergy effects; as early as 2024, we will be exporting vehicle kits from our Indian plant in Pune to Vietnam, marking a major advancement of our INDIA 2.0 project. Ultimately, this