success story of skoda company

SKODA COMPANY IS ONE OF THE BIGGEST CAR MANUFACTURERS IN THE WORLD. That story is of a small boy who opened such a big company to change itself, which is known the whole country and its business has become global. In the beginning, SKODA was not such a big company, in its first days, SKODA used to make bicycles and 2 brothers started a company together and today it is so successful that SCODA today makes HELICOPTER, AIROPLANE, FIGHTER PLANE, TRAIN, BUSES, TRUCK and Laxury car and many other things are all its own production and SkODA COMPANY sold its car in India in 2022 which was worth more than Rs 53,000 and in 2023 it was sold for Rs 48,000. So how did SCODA COMPANY become so big today? We know the details about it.

SKODA COMPANY HIGLIGHT

introduction

As of today SKODA is working in more than 100 countries and first year SKODA 86,65,63 cars were sold PAST YEAR all over the world and it would be appreciated that SCODA is a part of VOLFSVAGEN company. Big companies like PORCHES come under us and after PORCHES SCODA is the second largest selling car of VOLFSWAGEN COMPANY

history of skoda company

As of today SKODA is working in more than 100 countries and first year SCODA 86,65,63 cars were sold all over the world and it would be appreciated that SKODA is a part of VOLFSVAGEN company. Big companies like PORCHES come under us and after PORCHES SCODA is the second largest selling car of VOLFSWAGEN. This story starts 200 years ago when it started in Slovakia country and another country it started from Austria and on the other side it started from Germany. It happened that in that country, in a middle class family a child was born whose name was CELment, and Kelment belonged to the whole family background. Kelment loved to break things and fix them since childhood and during his school days he always used to talk to his friends about starting his own company, due to which his friends used to make fun of him a lot, and one day his mother had a serious health problem and she was taken to the hospital and the doctors could not save his mother, due to which his mother died, and Kelmentan was very close to his mother. And after his death, Clement’s finances were completely broken and at that time he did not even have money to eat after his mother’s death, so CELment used to sell books in the US while staying in a book store, and Clement’s store was very far from his home, so Clement thought of buying a cycle, but he did not have that much money, at that time he deposited some money and ordered a cycle from Germany and after a few days Celment gets the delivery of that cycle and he becomes very happy after pushing that cycle and Kelment loves that cycle very much I got comfort in coming to the shop from my home and Kelment had a lot of fun with that cycle; almost every cycle breaks down one day or the other; Kelment’s cycle also breaks down one day; then he sends a letter to German cycle signal and new company to get his cycle repaired, but Kelment had written his letter in German language, so the company replied after many days saying that if you want to solve your problem, then write a letter to us in German language and send it to us

When the German cycle company asked Kelment to write the letter in German language, Kelment got very angry at this fact that a company worth so much money is having so much difficulty in reading the German language, it is just troubling us, and the same Kelment of his own self fixed his cycle by repairing it, which his brother got very upset by pushing it, that the work which even big people are not able to do, Kelment did it just for fun, his elder brother got very impressed by this, and by pushing Kelment’s work and at the same time both of them gave the name of Kelment and Laurin company diea had started the company in 1869 and

business strategy of skoda company

Before starting the company, the two brothers started analyzing the market to find out what the customer’s problems were and what things were bothering him and how we could solve them.

The celment had gone out of his country and tried to find out what people were doing and what kind of business the people of that country were doing. It had been many days but at that time both the brothers were not able to understand what business they should do in such a big city.

At one point, the celment entire savings were exhausted and he was not able to understand what business he should do.

It is seen hidden in a news paper that a new cycle company has opened which needs workers and at that time he went out to get a job in that company and both the brothers keep working in another company, so there is not much difficulty in getting that job.

And initially Celment and his brother remain as helpers because they are new to this company, so they were not being given the opportunity to operate the machine, so he was learning as a helper and after a few days of their hard work he is made an operator and at that time Clement and his brother also work as helpers. They used to do this work with a lot of attention as compared to others and how does this work happen, from where does one get its raw material and where does one sell it
And by 1968 Clement and he also had good knowledge of cycle repairing and during this time they also became friends with good people who were always ready to help them and during that time Clement and his friends had good amount of money to start their new shop. They return to Slovakia, their country of origin and in 1869 started their own WBI
And Kelment in his town

what made skoda so successful

Scoda puts its customers first on property and in order to increase its sales, Scoda pays more attention to delivering the services to the customer in the shortest possible time, other companies wait for a long time to get a new car

And Scoda takes special care of its customers and for this it spends a lot of money to increase the safety of its cars. Compared to other companies, Skoda provides airbag, ABS with EBD and hill ascent and descent cruise control and good braking system to its customers in its cars for seaworthiness, for this reason today Scoda is such a successful company compared to other companies

competitor analysis of skoda company

the main competitor of skoda company are

• tesla
• ford
• hyundai
• honda
• hero
• porsche
• toyota
• genral motors company
• kia
• mercedes
• force motors

vision & feature of skoda company

Skoda can make its car fully electric by 2027 and people can reach their destination by spending less money due to which pollution will also be reduced a lot and it will not have much impact on our health and the government is also focusing more on making electric cars due to which the government is giving a good amount of money on buying electric bike or car due to which people are also paying more attention to electric cars today

Skoda can make its car fully automatic because of which people can have less accidents on the road and people are more crazy about this car because it is a new feature and people are liking it a lot, its advantage is that people can reach their destination easily by just giving one command and the same energy which they used to get tired after driving the car can be used for other work

finance analysis of skoda company

net worth of skoda company

according to the skoda finance reaport 01, july ,2024 total reavenue of $15.20 billion u.s dollar of world wide and total maarket cap (net worth ) around $1.7 trillion dollar of world wide and its the car company segnent of suv cars axxounted for 40% skoda revenue of 2023

main income source of skoda company

Large amount of automobile manufacture and automobile part manufacture and sell the globally market and generate the income Skod company’s main income source is your car

anul income of skoda company

according to the skoda group finance reaport the total revneue of 2023 is $26 billion and 2022 is $20.3 billion its incresed by 26 % per year