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Highlights -
CNG (11% mix) has emerged as an alternate choice of fuel to diesel (19%) in BS6 era due to low running cost
Diesel mix settled around sub 20% level due to lack of products with diesel engine
Electric mix reached to considerable 1% level
Industry
CNG mix has gained (+4%) due to availability of more products in PV market and lower running cost
Petrol mix decline is largely due to increase in CNG mix
Diesel mix settled under 20% due to lack of products with diesel engine
However, introduction of KIA Carens has increased diesel mix % in Q1-2022
Electric mix finally reached to a considerable 1% level
Manufacturer
Hyundai-KIA, Mahindra, Jeep and Toyota continues to have diesel mix dominated portfolio
Maruti continues to expand CNG mix as a substitution to diesel engine demand
Tata and MG have healthy and ever increasing electric fuel mix in their portfolio
Body style
SUV segment continues to rely on diesel mix with uptick in BEV mix
Diesel is near end of life in hatchback segment, and largely substituted by CNG in smaller cars
CNG mix growth story continues in sedan and MUV segment with launch of new products with CNG option
Products – CNG mix
Maruti, Hyundai and Tata’s relatively affordable products with CNG option continues with growth story
Maruti Ertiga and Hyundai Aura’s nearly 70% sales is coming from CNG equipped vehicles
Products – Diesel mix (heavy)
Heavy SUV/MUV with ladder-frame-chassis continues to have diesel engine dominance
UV/Crossover with diesel automatic transmission option has healthy demand in the Indian PV market
Products – Diesel mix (light)
These are those products which do not have automatic transmission option for diesel engine
Honda Amaze is the only exception in Q1-2022
Products – Electric mix
CNG and electric mix dominates Tata Tigor
Tata Nexon electric mix exceeded diesel mix for the first time
MG ZS EV facelift transition resulted in lower electric mix