TL;DR
Maruti Suzuki India aims to sell 9 lakh CNG vehicles this fiscal year, a nearly 30% increase, driven by strong demand for fuel-efficient options.
Maruti Suzuki India is setting an ambitious target to sell approximately 9 lakh compressed natural gas (CNG) vehicles during the current fiscal year. This goal represents a significant nearly 30 percent increase over the sales figures from the previous year.
The company's robust sales target is primarily driven by a heightened consumer demand for fuel-efficient vehicles. This shift in preference is largely attributed to the persistent rise in fuel prices, influenced by global geopolitical instabilities such as the West Asia conflict, which has pushed consumers towards more economical mobility options.
With first-quarter sales already showing a 58 percent year-over-year increase, reaching 2.2 lakh units, Maruti Suzuki anticipates a sustained trend in consumer preference for alternative fuel vehicles. This extends beyond traditional small cars and vans to include SUVs, indicating a broader market acceptance for CNG models.
