23/09/2021

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Maruti, Hyundai bet on CNG models as petrol, diesel prices soar, Auto News, ET Auto

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Maruti Suzuki has eight CNG-run autos – Alto, S-Presso, Celerio, WagonR, Ertiga, Eeco, and Dzire – in its portfolio. It plans to make CNG possibility out there on all modest cars in future.

New Delhi: The country’s top two carmakers Maruti Suzuki and Hyundai Motor India are gearing up for a massive force in revenue of CNG-run autos, primarily at the entry degree, amid spiraling expenses of petrol and diesel.

Maruti Suzuki plans to generate 250,000 CNG autos this fiscal, an raise of almost sixty{ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} about FY21, even though Hyundai expects revenue of its CNG types to triple to around 35,000 units this calendar 12 months.

“We have viewed an exponential raise in demand for CNG autos, initial of all due to the fact of the increase in price of petrol and diesel gas,” explained Shashank Srivastava, executive director (internet marketing and revenue) at Maruti Suzuki. “Secondly, the availability of CNG alone has improved, both equally geographically as perfectly as in absolute numbers, generating it emerge as a practical possibility for individuals,” he informed ET.

Maruti Suzuki has eight CNG-run autos – Alto, S-Presso, Celerio, WagonR, Ertiga, Eeco, and Dzire – in its portfolio. It plans to make CNG possibility out there on all modest cars in future.

Its closest rival Hyundai, also, expects a spike in CNG car revenue. The Korean carmaker at this time has CNG alternatives out there on a few types – Aura, Santro and Nios. “If we see demand for CNG in other products, we will not hesitate to carry it to the market”, explained Tarun Garg, director (internet marketing and revenue) at Hyundai Motor India (HMIL).

He expects revenue of CNG autos in the business to raise to around 35,000 units in CY2021, up from once-a-year normal revenue of eight,000-ten,000 units recorded the past few of a long time. Hyundai will aim on petrol and CNG in the modest vehicle segment, and enjoy on petrol and diesel for its SUVs, Garg explained.

Managing cost of CNG autos is less than half of petrol/diesel autos, automakers explained. In Delhi, for example, working expenses of a CNG car is Rs one.sixty-one.70 for every km in opposition to Rs 4-4.ten of petrol/diesel autos.

Petrol and diesel price ranges in the state are at an all-time large, with petrol crossing the Rs 100 mark in various states and UTs. Petrol, diesel and CNG price ranges stood at Rs ninety seven.seventy six for every litre, Rs 88.30 for every litre and Rs 43.forty for every kg, respectively, in the countrywide money on Thursday.

Further more, the premium paid on a CNG car vis a vis its petrol model at Rs 75,000-80,000 is reduce compared to Rs one,twenty five,000-one,50,000 premium on diesel types, automakers explained.

CNG availability has also improved. As several as three,400 CNG distribution outlets are operational throughout 350 cities in the state, up from one,400 outlets throughout 142 cities three-4 a long time back again. In 2019, the petroleum and pure fuel ministry experienced declared plans to set up ten,000 CNG distribution outlets in ten a long time to force adoption of CNG autos in the private mobility place.

It is believed that the state will save almost Rs two lakh crore in oil imports if private vehicle people switched to CNG autos.

Overall, escalating gas price differential, increasing availability of CNG filling stations, and more merchandise alternatives will continue on to travel CNG adoption.

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