Maruti Suzuki currently sells 9 of its 15 models with CNG powertrains and is looking to expand its CNG portfolio in the coming days.
Maruti Suzuki India (MSI) is aiming to sell between 4 and 6 thousand units of CNG in the current financial year depending on the supply situation of essential ingredients, a senior company official told PTI. The company sold about 2.3 lakh units of CNG in the financial year 2021-22. The company currently sells 9 out of 15 models with CNG powertrains and is looking to expand its CNG portfolio in the coming days.
The company is hoping that the share of CNG cars in their total sales will increase over the years as it plans to bring more models with alternative fuel technology. “CNG volumes currently account for about 17% of our total sales. We have 9 CNG models and within those samples their contribution is around 32-33%,” said Shashank Srivastava, Managing Director. MSI Senior (Sales and Marketing) Shashank Srivastava told PTI.
Srivastava notes that Maruti Suzuki has seen growth in sales of CNG cars over the past few years as people are showing interest in CNG cars because of low operating costs and continuously rising fuel prices. The company sold 74,000 units in 2016-17; about 1 thousand units in 2018-19; 1.05 thousand units in 2019-20; and 1.62 thousand units in 2020-21.
The auto group’s S-CNG series complements the government’s vision to reduce oil imports and increase the share of natural gas in the country’s primary energy mix from 6.2% today to 15 % by 2030. Contributing to this vision, the government also wants to rapidly increase the network of CNG fuel pumps in the country.
Srivastava further explained the automaker’s dominance in the passenger vehicle (PV) segment as a whole, saying that eight of the top 10 best-selling models in the country during the last financial year, belonged to about Maruti Suzuki. “Actually, the top five are held by our models in the top ten list,” he said.
Date of first publication: April 3, 2022, 12:48 PM IST