CNG motor vehicle gross sales have been at an all-time significant in FY2021 registering a whopping 49% YoY growth in 171,288 models in the very last money yr, as as opposed to 114,791 units sold in FY2020. The market share of CNG automobiles has enhanced from 4% in India in FY2020 to 6% in FY2021.
(Also Go through: Maruti sells file quantity of CNG cars in FY 2020-21. This is maybe why)
India’s major auto model Maruti Suzuki, which has a extensive array of CNG styles in its portfolio grabbed the lion’s share in the CNG automobile income chart in the final fiscal. The automaker registered just about 45% YoY progress to 1.57 lakh models in CNG vehicle sales in FY2021, as in contrast to FY2020. Maruti Suzuki WagonR was the bestselling CNG design in the region in FY2021.
Upcoming to Maruti Suzuki, Hyundai is the next model that also sells a host of CNG products. The South Korean automobile significant recorded a whopping 132% income progress in CNG automobile product sales in the last fiscal when it sold 23,077 units as when compared to 9,930 units in FY2020.
There are numerous elements that performed significant roles in the progress of CNG motor vehicle gross sales. The petrol and diesel costs elevated incessantly in the past yr, which manufactured a large amount of buyers change in direction of the more affordable gas choice. The functioning expenses of CNG variants are considerably reduce than their petrol or diesel counterparts. Aside from that, the CNG cars present better fuel performance as well.
The CNG refilling infrastructure has enhanced across India in the very last couple a long time, which also performed a critical purpose in the gross sales surge for CNG models. Extra than 700 CNG refilling stations have been added to the community in the last yr, recording additional than 50% advancement. At present, there are much more than 2,800 CNG refueling stations throughout India, which is most likely to develop much more than 10,000 in excess of the subsequent 7-8 decades, as for every the government strategy.
Whilst the federal government is promoting CNG as a cleaner and greener option to petrol and diesel, automakers this kind of as Maruti Suzuki and Hyundai too are aggressively advertising and marketing the CNG vehicles. Maruti Suzuki
Each Maruti and Hyundai have aggressively promoted CNG styles to achieve volumes in FY2021. At the Auto Expo 2020, Maruti Suzuki announced its Mission Environmentally friendly Million system, under which it is promoting CNG, hybrid cars and trucks. Also, as the automaker has discontinued selling diesel styles considering the fact that April 2020, it aims to offset the loss in that segment by pushing more CNG automobile sales.
