Just In
- 51 min ago Suzuki V Strom 800 DE Launched In India At Rs 10.30 Lakh – The No-nonsense Adventure Motorcycle
- 1 hr ago Xiaomi SU7 Electric Sedan Variant Details – All You Need To Know
- 1 hr ago Luxury Vehicles Seized: Crackdown On Drunk Driving By Odisha Police
- 1 hr ago Maruti Suzuki India Reveals Leadership Changes For April 2024
Don't Miss!
- Lifestyle Ramadan 2024: 6 Bollywood-Inspired Outfit Ideas To Shine During The Holy Month
- Finance SIP Success Stories: These Equity Mutual Funds Turned 10,000 To As Much As 1,64,000 In FY24; Buy?
- Technology BSNL Introduces New Rs 599 and Rs 699 High-Speed Fiber Broadband Plans: Check Details
- Movies 5 Hilarious Roles Of Arshad Warsi That Ticked Our Funny Bone
- Sports RCB vs KKR, IPL 2024: Virat Kohli and Gautam Gambhir Meet Again! What are Fans Saying ahead of the Meet?
- Education UGC NET June 2024: Application process to begin next week, Know more
- News Bihar: RJD, Congress, Left Leaders Announce Seat-Sharing Formula For Lok Sabha Elections 2024
- Travel Explore Tamil Nadu's Diverse Wedding Venues
Indian Customers Prefer Petrol Vehicles Again
Indian customers are shifting back to petrol run cars over diesel vehicles these days. The very narrow price difference between the fuels is the cause.
In recent sales, the sales of diesel engined cars have dropped 7 percent and sales of petrol cars have increased 11 percent.
This change in mind for the customer is making the automobile manufacturers rethink and rework their production plans and schedules for the upcoming festive season.
Petrol is getting cheaper after the Government phased out subsidy for diesel. Compared to a year earlier, the price of diesel is now 14 percent more expensive and petrol has decreased.
Also Read: Tata Zest Launched In Bangalore
Diesel cars which flooded the market for two years are slowly dropping in sales due to the fact that petrol is just INR 12 more for a litre compared to diesel.
For example, when Honda introduced their first diesel engine in their compact sedan, the Amaze in 2013, the Japanese car maker saw 80 percent of the buyers go for the diesel variant. Now, in their sales in July, Honda saw just 50 percent of their customers chose the diesel option.
According to a few experts, the ultimate time for the petrol cars to recapture the market is this upcoming festive season.
The largest car maker in the country, Maruti has also halted plans to open a new diesel engine plant in Gurgaon and are concentrating on sales of their petrol vehicles.
Amit Kaushik, a principal analyst says that the overall ownership and running cost of diesel fuelled vehicles have gone up.
It is not long before the price difference between petrol and diesel closes up with the Government of India's plan of increasing the price of diesel by INR 0.50 every month till it reaches the market value.
DON'T MISS: VIDEO OF THE DAY