Re: Maruti Suzuki expects to sell 6 lakh CNG vehicles in FY2025 CNG vehicle sales soar 33% in first-half 2024 to 550,000 units, cars and SUVs lead the charge. CNG PASSENGER VEHICLES: 242,289 units, up 34% YoY:
Maruti Suzuki CNG share at 66%, Tata Motors well ahead of Hyundai.
With a 44% contribution to overall CNG vehicle sales between January and June 2024, the passenger vehicle industry with 242,289 units and 34% YoY growth has the largest share of the CNG vehicle industry.
PV market leader Maruti Suzuki also held sway over this sub-segment with 278,699 units or 70% of the CNG PV market. The company, which has all of 13 models (Alto K10, Baleno, Brezza, Celerio, Dzire, Eeco, Ertiga, Grand Vitara, S-Presso, Swift, Wagon R, XL6, and the Fronx), understandably, has a vice-like grip on the market.
In the January-June 2024 period, Maruti Suzuki has sold 159,031 units, up 34% (H1 2023: 118,903 units) and 57% of its CY2023’s total. At present, the company has a vice-like 66% share of the CNG PV market. Maruti Suzuki, which completely pulled out of the diesel car market in April 2020, has seen the vacuum being filled by the consumer demand for its CNG models. Link: |