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2012 was the year when the highest number of mass-market diesel passenger vehicles (PV) were sold in India and diesel mix reached its peak of 54% (prevailing emission norms - BS3+BS4). Largely due to direct/indirect control on diesel prices in that period. Come 2021, 7 quarters of BS6 emission norms have already passed and diesel engine-powered PV sales have been reduced to 5,58,726 units only.
With a full year (2021) of BS6 emission regulation – diesel mix has reduced to 18%, petrol mix reached to 74%, also making room for 7.3% CNG mix, and electric mix of 0.5%.
Diesel mix has settled around 18%. This, however, does not reflect the actual demand situation but is more of a supply-side reluctance – of not developing or not able to develop - BS6 compliant diesel engines by several manufacturers.
Maruti’s CNG gambit is paying off, and it commands 83% CNG PV market share followed by Hyundai.
Electric mix has reached a new level of 0.5%. All due to the efforts of Tata motors and MG motors.
Toyota is the only manufacturer selling strong hybrid PV (Camry and Vellfire) in India.
LPG price deregulation has killed potential forever.
