Czech auto maker Skoda Auto plans to sell one lakh cars annually by 2025 and make the country one of the top five markets globally. The company on Tuesday launched its new SUV in India, the Karoq, at an ex-showroom price of Rs 24.99 lakh. In a virtual launch, Skoda also launched the new Rapid TSI and Superb sedan.

These three launches are a demonstration of Skoda’s faith in the innate positivity of the Indian market, said Zac Hollis, brand director, Skoda Auto India.

He was speaking from Mlada Boleslav in the Czech Republic, in a virtual press conference. “We are bullish about India. By 2025, we will be selling one lakh cars annually,” he said.