The change in customer preference from diesel variants to petrol has happened quickly over the past few years. Car market leader Maruti Suzuki India is confident its Bharat Stage VI (BSVI) and compressed natural gas (CNG) models will be enough to make up for the absence of diesel variants from its portfolio, helping it hold on to the top spot. Maruti is sticking to this strategy at a time when rival Hyundai is looking to make the most of the monopoly it will have in the compact diesel segment from April 1, 2020, when the BSVI emission norms kick in. The market leader’s confidence stems from the rapid shift in favour of petrol in the passenger vehicle (PV) segment. Maruti announced it was exiting the diesel segment in June, citing high costs involved in transitioning from BSIV-compliant to BSVI-compliant diesel vehicles.Other carmakers have followed suit in some or all segments. “If one looks at the share of petrol and diesel within various categories of PVs, petrol dominates in quite a few,” said Shashank Srivastava, executive director, sales and marketing, Maruti. The market for vans is completely petrol driven. In the hatchback segment – 46 per cent of the PV market… Read full this story
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