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Maruti Suzuki Diesel Cars to Get Expensive Soon

Maruti Suzuki Diesel Cars to Get Expensive Soon

Snapshot: Maruti Suzuki will start the production of BS VI vehicles from January 2019 at both of its manufacturing units in Gurgaon and Manesar.

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Maruti Suzuki will start the production of BS VI vehicles from January 2019 at both of its manufacturing units in Gurgaon and Manesar. Mr. R C Bhargava, Chairman, Maruti Suzuki said that due to the introduction of BS VI vehicles, the prices of the diesel cars would rise substantially. It is being estimated that the gap between the pricing of petrol and diesel vehicles could go to as high as Rs 2.50 Lakhs while presently it is just Rs 1 Lakh. Mr. Bhargava, without naming the product, also said that the company would launch its next major product in the first quarter of 2019.

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When asked about the sales performance of Maruti Suzuki, Bhargava said that, "(It has been a) flat quarter both for industry and Maruti as a whole. Analysis of past numbers concludes that at least last two per election years sales always fall...why don’t ask me...on election year sales go up substantially. If we get 5 percent sales growth then total for year will be 8 percent total year growth." He further added that the company has registered growth of over 8 percent because the first quarter growth was 25 percent and after that it’s been flat as far as wholesale and retail are concerned. Mr. Bhargava didn't refrain from stating that this year unlike previous years the company had no major new model launch which too affected growth and, elections and BSVI introduction could hit sales again.

When asked about the introduction of fully electric cars, he was of view that global electric car penetration is around 1 percent and By 2030 maybe 30 percent cars could be electric. Mr. Bhargava also said that subsidies or cess scheme (are) not (the) best way for small car electrification as big car owners will get subsidy and so CNG is a better option. Commenting on the CNG vehicles growth, he said that CNG vehicle growth is 50 percent in a flat market which is far more acceptable than anything else. He further stated that GST rates should be lower for hybrid and electric cars and small cars need to be made with subsidies so that customers can afford them.

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