The magic of CNG diesel cars is not working, the estuary of petrol cars is still intact. In FY23 petrol powered vehicles accounted for 70 percent of the total sales
In this financial year, petrol powered vehicles dominated the total PV sales. In such a situation, 70 percent of the total sales of petrol powered cars have been.
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FY23 demand for alternative fueled vehicles in India increases petrol-diesel and CNG Sales of vehicles running from This financial year, petrol powered vehicles dominated the total PV sales. In such a situation, 70 percent of the total sales of petrol powered cars have been. At the same time, diesel vehicles recorded 18.5 percent contribution. The increase in sales of petrol PV has narrowed the price gap between petrol and diesel, with the introduction of petrol hybrids and more models with petrol-only options.
Sales of petrol models have increased from 60 per cent to 70 per cent in the last five years. CNG models account for 10 percent of PV cells and electric stands for 1.3 percent. According to Jato Dynamics, CNG sales grew by 3.8 percent in 2018-19. Hence, petrol is the first choice of vehicle mainly depending on operating economy based on usage pattern and distance travelled.
Companies have launched diesel models less
Emissions regulations and the narrow gap between petrol and diesel prices mean that very few auto companies have introduced or upgraded diesel models. Also, diesel vehicles will be phased out in Delhi NCR after 10 years. Whereas, petrol vehicles will be phased out after 15 years. Diesel vehicle sales which were 36 per cent in 2018-19 now contribute only 18.5 per cent. This fiscal saw 13 petrol vehicle launches, followed by 8 electric vehicle launches, 6 diesel models and CNG vehicle models.
SUV car trends in the market
The SUV trend is gaining momentum in the SUV market. Long wait times for some models will be balanced by discounts on others. SUVs will contribute around 42 percent, with a marginal increase of 2 percent. According to Maruti Suzuki’s executive director, the hatchback and sedan segments may witness segment growth of over 20 per cent this year as well.
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Major changes in petrol and diesel mix
With hybrid technology there has been a sea change in the mix of petrol and diesel. Tata Motors, the market leader in this emerging segment, has the largest portfolio of electric vehicles. Tata Motors expects EVs to contribute 20 percent of its PV portfolio by 2027 to 2028.
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