

The auto major had discontinued diesel models from its portfolio with the onset of stricter BS-VI emission norms from April last year. So we don't have much interest in diesel as of now due to this decline in sales," he noted. "In 2013-14 diesel cars accounted for 60 per cent of the overall sales, now it has come down to less than 17 per cent. The company expects the situation to remain like that in the future as well, he added. It is just in the mid SUV segment that there is still some traction.there is very less difference in petrol and diesel fuel prices right now so people are shifting towards petrol and CNG cars," Srivastava said. "In hatchbacks and sedans it is less than 2 per cent. He noted that share of diesel vehicles was coming down month after month and is now less than 17 per cent of the overall PV sales. When asked about re-launch of diesel vehicles, he stated that it may not happen in the near future. "Sales are also going up because people have now realised that factory fit CNG is safe and there is no compromise on performance as well," Srivastava said.

Over the last few years, MSI has witnessed growth in CNG car sales.

Srivastava noted that by 2025, the figure is slated to touch 10,000 mark as even the government is supporting CNG because it lowers the country's oil import bill. There used to be only 1,400 filling stations, now the figure has crossed 3,300 mark and is slated to touch 8,700 mark in next 1.5 years, he said. Next year it may increase to over 330 cities," he stated. "It has touched 293 cities now from 143 locations three years ago. Srivastava noted that CNG vehicle sales were growing as new cities were getting added to the CNG gas distribution network. It is now gearing up to launch a CNG version of the recently introduced all-new Celerio as well. MSI currently offers CNG trims in Alto, S-presso, WagonR, Eeco, TourS, Ertiga and Super Carry. That is where CNG cars come in, there is so much demand for CNG cars right now," Srivastava stated. Indian customers are very sensitive towards running costs of their cars. "If we don't do that the industry volumes would suffer.We can't lower the tax part but what we can do is to bring down the running cost of the cars. He noted that this segment is quite price sensitive and therefore if the industry is looking at growth of the overall market, steps need to be taken to keep the acquisition cost of such cars reasonable. Pharma Industry Conclave Unlocking opportunities in Metal and Mining.Managing Diabetes with Ayurveda Sustainability 100+.Headwinds and Tailwinds Hitachi Social Innovation.Life Insurance Made Simple Future Of Mobility.Interview Series Business In The Week Ahead.
