Skoda Auto, the Czech unit of Volkswagen AG, disclosed that sales from January to September increased 16.8 percent to 664,800 units. In addition, it anticipated record sales of over 800,000 this 2011.
The subsidiary, which is the biggest Czech exporter, recorded an increase in almost all markets last month, particularly in growing markets like India, Russia and China. Skoda's net gain in 2010 increased three times after record sales of 762,600 units.
Skoda is targeting sales of 1.5 million units per year by 2018. Late last month, the vehicle manufacturer revealed specifics of its new minicar, the Citigo, which it anticipates to have a significant role in the brand's growth strategies.
The Citigo is the carmaker's first entry in the minicar segment. It is also Skoda's variation of the Volkswagen Up, which was first displayed at the Frankfurt car show last month.
Skoda Citigo, which is being developed at Skoda's Bratislava facility, will be put up for sale in the Czech Republic in December and in other European nations next summer.