Indian Market: Demand for Petrol, Diesel, and Electric Vehicles

• Continuous increase in petrol and diesel prices in India
• People turning towards electric vehicles
• Charging infrastructure shortage leading to preference for CNG cars

In India, the prices of petrol and diesel are continuously rising, causing inconvenience to the public. As a result, people are increasingly moving towards electric vehicles. However, due to the lack of charging infrastructure, many individuals are opting for cars with CNG engines.

Diesel engines have become the preferred choice for vehicles in the current scenario due to their lower cost and better mileage. Another option that is gaining popularity is CNG variants. The government is also making efforts to boost the automobile market. Now, let’s see which type of vehicles are in higher demand in the market ★petrol, diesel, or CNG cars.

India is the third-largest automobile market in the world, with more than 40 million people buying cars every year. Despite such high sales, India is still catching up with China and the US. Electric vehicles are now being purchased by people as well.

Commercial vehicles, especially those running on diesel, are in high demand in the market as they offer better mileage and longer distances. While companies are offering options in petrol and CNG as well, people are not showing much interest in the diesel variants of commercial vehicles.

In the passenger vehicle segment, the market share of diesel cars has decreased from 52% in 2013-14 to 18% in recent times. However, Mahindra & Mahindra heavily relies on diesel for its SUV segment, which is the largest in their portfolio. According to a report, Mahindra & Mahindra holds a 47% market share in diesel cars sold across the country, while Hyundai and Kia have a market share of 15.4% and 12.7% respectively.