Printed On Dec 27, 2021 02:09:00 PM
Maruti Suzuki fashions comprise 81 p.c of all CNG gross sales in India within the first Eight months of FY2022, witnessing a 45 p.c year-on-year progress.
The value of petrol and diesel in most cities throughout India continues to be above the Rs 100 mark, even after the November Four excise obligation reduce, because of which demand for CNG-fuelled vehicles has skyrocketed over the previous yr. And whereas Maruti Suzuki has been the most important beneficiary of this, they’re additionally going through an issue of lots.
Maruti Suzuki, like different carmakers in India, is battling a demand-supply mismatch because of the persevering with semiconductor scarcity. This has impacted its capacity to cater to the accelerating buyer demand for its fashions, significantly these powered by the less expensive CNG gasoline. Maruti Suzuki is at present sitting on an order guide of two,80,000 vehicles, out of which over 1,20,000 bookings, or 43 p.c of all pending orders, are for its CNG-powered fashions.
- Maruti Suzuki at present has a backlog of over 1,20,000 CNG automobiles
- CNG market in India has grown by 56 p.c as in comparison with final yr
- Maruti Suzuki is concentrating on gross sales of two,50,000 items by end-FY2022
Maruti Ertiga and Wagon R CNG in big demand
As per the corporate, the 7-seater Ertiga CNG instructions the best share of 50 p.c or over 60,000 items of the overall CNG vehicles within the ready. Subsequent up is the immensely widespread metropolis runabout – Wagon R CNG – that follows shut behind with a 30 p.c share or 36,000 orders in hand for its CNG variations but to be delivered to clients. The stability 20 p.c includes different Maruti Suzuki fashions which can be supplied with a CNG bi-fuel possibility. These vehicles embody the Alto, S-Presso, and Eeco accessible for personal clients, in addition to the Tremendous Carry, Tour S and Tour M for the fleet phase.
CNG automotive gross sales up by 56 p.c in yr up to now
As per trade knowledge, CNG automotive gross sales in India have registered a progress of 56 p.c between April-November 2021, with a complete of 1,36,357 PVs being bought (April-November 2020: 87,634). Whereas vehicles, with 88,180 items, registered 45 p.c progress, they accounted for 65 p.c of complete CNG PV gross sales. In the meantime, UVs, with 32,444 items, noticed a 90 p.c year-on-year improve and accounted for 24 p.c of the share, whereas vans, with 15,733 items (up 64 p.c), made up the remainder.
|Progress of CNG-powered automobiles in India|
|Passenger Autos||April-Nov 2021||April-Nov 2020||Progress%||April-Nov 2021 Market Share||April-Nov 2020 Market Share||Progress%|
The much-improved efficiency of all three sub-segments is abundantly seen within the rising CNG market share within the PV phase: vehicles to 9.87 p.c, UVs to three.50 p.c and vans to 24 p.c. General, the CNG share within the PV market has grown to 7.50 p.c from 6 p.c a yr in the past.
The massive gainers within the CNG PV market are Maruti Suzuki and Hyundai. Of the 11 CNG fashions on sale in India, seven Maruti fashions – Alto, S-Presso, Celerio, Wagon R, Dzire, Ertiga and Eeco – account for 1,10,459 items or 81 p.c of the overall 1,36,357 items bought within the first eight months of FY2022, notching a 45 p.c year-on-year progress (April-November 2020: 76,377 items).
|Gross sales of CNG-powered vehicles this fiscal|
|Fashions||April-Nov 2021||April-Nov 2020||Change (in items)||Progress %|
|Maruti Suzuki WagonR||45,255||28,308||16,947||60%|
|Maruti Suzuki Ertiga||32,444||17,109||15,335||90%|
|Maruti Suzuki Eeco||15,733||9,619||6,114||64%|
|Hyundai Grand i10 Nios||9,982||4,334||5,648||130%|
|Maruti Suzuki Dzire||8,589||4,387||4,202||96%|
|Maruti Suzuki Alto||4,193||3,195||998||31%|
|Maruti Suzuki S-Presso||3,357||2,769||588||21%|
Maruti Suzuki aiming for two,50,000 CNG gross sales in FY2022
In all the 12-month interval of FY2021, MSIL clocked 1,57,954 items in gross sales of its CNG fashions and has set a gross sales goal of two,50,000 items by end-FY2022.
In keeping with Shashank Srivastava, director, gross sales, advertising and repair, “CNG has risen as a viable clear gasoline various and is gaining a variety of momentum within the mainstream market. The important thing causes for this are ‘affordability and availability’.”
Recognising this potential, India’s largest carmaker is firming up plans to broaden its CNG portfolio. “Clients have given us the suggestions to supply CNG within the Vitara Brezza and Swift, and there is big demand for CNG within the Baleno and Ciaz as properly. We’re inspecting the state of affairs and can determine which fashions to supply CNG with,” Srivastava instructed our sister publication Autocar Skilled in an earlier interview.
Given the value of petrol and diesel, would you additionally contemplate a CNG-powered car as your subsequent automotive? Tell us within the feedback beneath.