Skoda Finance, an arm of Volkswagen Finance, is offering the Rapid sedan at a monthly installment (EMI) amount of as low as Rs 9,999. Needless to say, this figure is for the base variant of the Skoda Rapid, the 1.6 MPI Active, which starts at a little over Rs 7-lakh. Skoda India tells us that the offer will be available for a limited period of time and is effective immediately. The EMI scheme sounds attractive on paper as the figure quoted is less than what you would generally pay for buying a diesel hatchback on a regular finance scheme.
Mr Joern Achim Kurzrock, Chairman of the Managing Board, Volkswagen Finance Private Limited said, “The offer comes at a time when the auto industry is witnessing a contraction in demand. At affordable EMIs of Rs. 9999, this offer will make it easier for consumers to make the transition from a hatchback to a sedan. The novel scheme, launched under our brand ŠKODA Finance, is a first of its kind in the Indian market, with a sedan being made available for as less as Rs. 9,999 per month.”