According to market leader Maruti Suzuki, one in every three cars it sells domestically is a CNG vehicle. It said 189,699, or 18.49 per cent, of the overall 1.03 million passenger vehicles sold in the first quarter of 2024-25 were CNG CNG vehicles, while 188,868, or 18.41 per cent, were diesel. In June 2023, the share of CNG in the market stood at 13.63 per cent and that of diesel was 18.34 per cent.
Maruti Suzuki's figures are in the same range as the data collected by Jato Dynamics.
Experts said this shift in customer fuel preference was due to a series of new car launches, increased CNG stations, new design innovations like Tata Motors' twin-cylinder system, and original equipment manufacturers (OEMs) focusing on CNG to meet CAFE norms.
"This quarter, several new regions, including Rajasthan, Karnataka, Tamil Nadu, Madhya Pradesh, Kerala, and Bihar, are showing healthy growth in CNG adoption.
Customer acceptance of CNG vehicles is on the rise," said Rahul Bharti, chief investor relations officer Maruti Suzuki.
This story is from the August 05, 2024 edition of Business Standard.
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This story is from the August 05, 2024 edition of Business Standard.
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