In this financial year, petrol-powered cars have dominated the total PV sales. In such a situation, the total sales of petrol-powered cars have been 70 percent.
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FY23 Increase in demand for alternate powered vehicles in India Petrol-Diesel and CNG The sale of vehicles running from In this financial year, petrol-powered cars have dominated the total PV sales. In such a situation, the total sales of petrol-powered cars have been 70 percent. At the same time, 18.5 percent contribution of diesel vehicles has been recorded. The growth in sales of petrol PVs has led to the narrowing of the price gap between petrol and diesel, the introduction of petrol hybrids and the launch of more models with a petrol-only option.
In the last five years, the sales of the petrol model have increased from 60 percent to 70 percent. CNG model is 10 percent of PV cell and electric stand 1.3 percent. According to Jato Dynamics, CNG sales were up 3.8 percent in 2018-19. Hence, petrol is the first choice of car which largely depends on the operating economics based on the usage pattern and distance travelled.
Companies launched diesel models less
Emission regulations and the narrow gap between petrol and diesel prices have meant that very few auto companies have launched or upgraded diesel models. Apart from this, diesel vehicles will be scrapped after 10 years in Delhi NCR. Whereas, petrol vehicles will be scrapped after 15 years. Diesel car sales which were 36 per cent in 2018-19 now contribute only 18.5 per cent. There were 13 petrol car launches in this financial year, followed by 8 electric vehicle launches, 6 diesel models and CNG vehicle models.
Trend of SUV cars in the market
The trend of SUV is going strong in the SUV market. The longer waiting period for some models will be balanced by the discounts on others. The contribution of SUVs will be around 42 percent, in which there has been a slight increase of 2 percent. According to the executive director of Maruti Suzuki, this year also the growth in the segment can be seen in the hatchback and sedan segment by more than 20 percent.
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Big change in petrol and diesel mix
With hybrid technology there has been a sea change in the petrol and diesel mix. 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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