In 2024, Škoda Auto achieved its strongest financial results to date, with sales revenue reaching €27.8 billion—a 4.7% increase from the previous year. The company's operating profit surged by 30% to €2.3 billion, resulting in a return on sales of 8.3%, up from 6.7% in 2023. Net cash flow more than doubled, exceeding €2 billion, reflecting the company's robust financial health.
  
Škoda's global vehicle deliveries rose by 6.9% in 2024, totaling 926,600 units. The Octavia model remained the brand's bestseller, with 215,700 vehicles delivered—a 12.4% increase from the previous year. In Europe, Škoda outpaced the overall market, securing the fourth position among the region's best-selling car brands for the first time in its history.
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Czech Republic's Automotive Production Milestone

The Czech automotive industry as a whole reached a historic milestone in 2024, producing approximately 1.45 million vehicles—a 3.9% increase compared to 2023. This growth was primarily driven by a 4.5% rise in exports, underscoring the industry's competitiveness in international markets.
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Navigating Supply Chain Challenges

Despite global supply chain disruptions, including semiconductor shortages and logistical complexities, Czech car manufacturers have effectively managed these challenges. The industry's resilience is attributed to strategic measures such as nearshoring and localization, which have enhanced supply chain stability and reduced dependencies on distant suppliers. These strategies have been pivotal in maintaining production continuity and meeting market demand. ​

Strategic International Expansion

Škoda Auto has reinforced its internationalization strategy by expanding operations in key markets. In India, the company commenced production of the Kylaq compact SUV at its Pune facility in December 2024, marking its third locally developed model for the Indian market. This move aligns with Škoda's ambition to sell 100,000 vehicles annually in India by 2026. Additionally, Škoda plans to begin vehicle assembly in Vietnam in 2025, utilizing Completely Knocked Down (CKD) kits from India, further solidifying its presence in the ASEAN region.
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Source: https://www.skoda-storyboard.com/ | https://www.praguedaily.news/
Author: CzechTrade Australia