Companies / Czech Republic
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Skoda Fends Of Challengers To The Throne In Czech Republic's Growing Market
November 2006 | BMI ViewSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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BMI's newly released Czech Republic Automotives Report finds that in the first three quarters of 2006, automotive production, including motorbikes, rose 48.9% y-o-y to 636,464 units. Growth was stimulated by a 55% y-o-y rise in exports to 585,289 units. The production growth was largely thanks to the launch of production at full capacity in TPCA Kolin and higher output at Skoda Auto. The Czech Republic's automotive output in 2010 is likely to double the level seen in 2005 due to the opening of the Hyundai plant in 2008, expansion of the existing Skoda plant and a rapid increase in production