New Delhi: Skoda Auto India on Friday said it will hike prices of its vehicles by 2-3 per cent across the entire model range from January 1.

The changing market conditions and various external economic factors are driving this price impact, Skoda Auto India said in a statement.

The revision will reflect an increase of 2 to 3 per cent across the entire model range, it added.

The company sells four models ranging from mid-sized sedan Rapid with price starting at Rs 8.49 lakh to newly introduced SUV Kodiaq priced at Rs 34.5 lakh (ex-showroom Delhi).