In Skoda's defense, it has a long tradition of making bicycles as well

Skoda is a huge sponsor of professionel cycling.

In the UK, an important market for VW group, there are two types of bicycle, one for the proletariat and the other for the bourgeoisie. Due to the k-shaped economy, the proletariat bicycle died a long time ago, to evolve into the 'Lime bike' in places such as London. In the past, companies such as Raleigh provided excellent proletariat bicycles, and the working man could afford them for his kids and himself. Of course, he would prefer a car, because cars are high status whereas a steel/aluminium bicycle with straight bars is not.

The bourgeoisie bicycle is a relatively recent phenomenon, and anything totally impractical and made of carbon fibre qualifies as bourgeoisie. The bourgeoisie bicycle is also too expensive to lock up in town, plus you need all the clobber to go with it (lycra).

Every bourgeoisie bicycle is owned by a car dependent person. They don't begin their ride at their front door, and their journeys are not useful or with purpose beyond cycling. Their bicycles get strapped onto the back of their car, or placed in the trunk, with wheels removed. These people don't need locks for their bicycles as they have a two tonne steel box to secure their bicycle in. You also get things like power-meters with these bikes, plus the owner has to wear a special polystyrene hat, at the insistence of their mother.

Skoda are selling to those people that spend £5K+ on their toy carbon fibre bicycle. They know the realities of car dependency.