The rendition – conceived by 31-year-old in-house designer Daniel Hájek – takes the form of a pop-top caravan, and is reportedly underpinned by the Volkswagen Transporter platform (or at least it would be, if it were built).
“I wanted it to be clear that this is the same vehicle, but I didn’t want it to be too obviously retro," Mr Hájek said of the design.
"I designed a modern vehicle that pays homage to the legend,” he added. "I [think] a vehicle like this would be great for the Skoda brand today."
The original 1203 (below) – which was designed in 1956 and went into mass production 12 years later – derives 35kW from its 1.2-litre straight-four petrol engine, sent to the ground via a four-speed transmission.
According to Skoda, the model was the most widely-used Czechoslovakian utility vehicle in the 20th century. Low-volume production continued until 2017.