Maruti Suzuki’s CNG Surge: 1.38 Lakh Units Sold in Q1 of FY2024 Amid Growing Demand
Maruti Suzuki’s CNG Surge: 1.38 Lakh Units Sold in Q1 of FY2024 Amid Growing Demand
As the automotive industry increasingly leans towards greener alternatives, Maruti Suzuki, India’s largest car manufacturer, continues to spearhead the shift with its robust CNG portfolio. The company recently announced a milestone achievement in its quarterly sales figures for Q1 of FY2024, revealing an impressive sale of 1.38 lakh CNG cars from April to June 2024. This accomplishment underscores Maruti Suzuki’s commitment to sustainable mobility and its strategic emphasis on alternative fuel vehicles.
Maruti Suzuki’s Q1 performance is a testament to its dominant position in the CNG segment. Out of the total 4.14 lakh units sold in the domestic market during this period, CNG models accounted for a substantial 1.38 lakh units. This significant figure highlights the growing consumer preference for CNG vehicles, driven by their cost-efficiency and lower environmental impact compared to traditional petrol and diesel vehicles.
Maruti Suzuki boasts the largest CNG portfolio in India, with 12 models currently available. These models cater to a wide range of consumers, from compact cars to spacious MPVs. The lineup includes:
Alto K10
Celerio
Eeco
S-Presso
Wagon R
Dzire
Brezza
Ertiga
Baleno
Fronx
XL6
Grand Vitara
This extensive range ensures that Maruti Suzuki’s CNG offerings are accessible to various segments of the market, from budget-conscious buyers to those seeking premium options.
Adding to the excitement, Maruti Suzuki has announced that the newly launched fourth-generation Swift will soon feature CNG variants. The Swift has been one of the brand’s most popular models, and its upcoming CNG option is expected to attract significant interest. The previous generation of the Swift offered CNG in select variants, and the reintroduction of this option aligns with the company’s strategy to expand its CNG footprint further.
Among Maruti Suzuki’s CNG models, the Ertiga MPV stands out for its overwhelming demand. Currently, the Ertiga CNG has 43,000 open bookings across the country, reflecting its popularity as a family vehicle that combines spaciousness with fuel efficiency. The high demand for the Ertiga underscores the growing acceptance of CNG as a viable alternative to conventional fuels, particularly for larger vehicles.
Several factors contribute to the rising adoption of CNG vehicles in India. Firstly, CNG is significantly cheaper than petrol and diesel, offering substantial savings on fuel costs. This economic advantage is particularly appealing in a market where fuel prices are a major concern for consumers.
Secondly, CNG vehicles produce lower emissions, aligning with global and local efforts to reduce pollution and combat climate change. For environmentally-conscious buyers, CNG presents a cleaner alternative that contributes to reducing the carbon footprint.
Lastly, the expanding CNG infrastructure in India, with more refuelling stations being established nationwide, has alleviated concerns about accessibility and convenience, making CNG vehicles a more practical choice for daily use.
Maruti Suzuki’s focus on CNG vehicles is part of its broader strategy to lead the market in alternative fuel options. The company has been proactive in expanding its CNG portfolio and enhancing the availability of CNG models across its dealership networks. By doing so, Maruti Suzuki aims to cater to the evolving preferences of Indian consumers and support the country’s transition to greener mobility solutions.
The impressive sale of 1.38 lakh CNG vehicles in the first quarter of FY2024 underscores Maruti Suzuki’s successful execution of its strategy and the strong market demand for CNG models. With its expansive portfolio, continued innovation, and upcoming additions like the Swift CNG, Maruti Suzuki is well-positioned to maintain its leadership in the CNG segment. As the company continues to champion sustainable transportation, it sets a compelling example for the industry and contributes significantly to India’s journey towards a greener future.
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