April 12, 2022
1 min read

Suzuki focus on CNG segment amid petrol price rise

The automobile major also plans to foray into the EV segment by 2025….reports Asian Lite News

Automaker Maruti Suzuki is currently focused on the CNG segment to fulfil the demand triggered by rising petrol prices as well as heightened concerns over environmental protection.

The automobile major also plans to foray into the EV segment by 2025.

In a conversation with IANS, Maruti Suzuki India’s Senior Executive Director, Sales and Marketing, Shashank Srivastava, said that demand for CNG cars has gone up dramatically due to the favourable cost of running such vehicles.

“At current prices, the running cost of a petrol car is around Rs 5.25 for a kilometre; for CNG it is one third of the cost of petrol,” Srivastava said.

“We are trying to get our production numbers in line with the consumer demands for CNG. Year before last, we sold 106,000 CNG cars; last year we sold 162,000; this year we will be doing 235,000 with an intent to further raise the bar in 2023,” he added.

Notably, the company does not produce any diesel car and only offers petrol and CNG fuelled models.



On the company’s plans to enter the EV segment, Srivastava said: “We have announced that by 2025, we will bring out our first EV.”

Till now, the company has not disclosed the specifications of its upcoming EV.

Besides, he said that at present, the segment faces high acquisition cost and unavailability of large-scale charging infrastructure.

“We have to consider two major barriers as of now — cost of EV acquisition and infrastructure for charging,” he said.

In addition, the company plans to increase its share of the fast-growing SUV segment.

“We plan to expand our SUV portfolio. The segment has grown by 40 per cent this year (2021-22). Our SUV portfolio is not diverse, we only have 2 out of the 46 available SUV models in the Indian market. But we are a market leader in entry level SUVs due to Vittara Brezza,” Srivastava said.

ALSO READ: Maruti Suzuki reports marginal increase in production

Previous Story

Apple’s mixed reality headset to launch in 2023

Next Story

Digital ID users’ number will exceed 6.5 bn by 2026

Latest from Business

PM Modi: India poised to lead next tech wave

PM Modi underscored that the country is poised to lead the next wave of digital transformation in 5G…reports Asian Lite News Prime Minister Narendra Modi on Wednesday hailed India’s progress in expanding

India Hits 100GW Solar

The expansion is not only in scale but also in quality, with significant capacity dedicated to high-efficiency modules. Many manufacturers have adopted vertically integrated operations, enhancing quality, reducing costs, and improving resilience

Jewellery Exports Shine Bright

The GJEPC noted that product diversification has played a major role in sustaining momentum. Lightweight and contemporary designs are gaining traction among younger global consumers, helping Indian jewellers appeal to a wider

China Curbs Hit India’s Electronics Boom

The ICEA noted this results in delays, inefficiencies, and higher costs — alternatives from Japan or Korea cost up to four times more than Chinese machinery. India’s transformation into a global electronics
Go toTop

Don't Miss

Driven to 3 Million 

The progression from 2 million to 3 million cumulative exports

Maruti Suzuki rejigs product strategy

Maruti Suzuki’s market share, which was at 51 per cent