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As India switches to BS-VI, sub Rs 10 lakh petrol cars may gain

As India switches to BS-VI, sub Rs 10 lakh petrol cars may gain

Finance
Mumbai: Petrol-run vehicles priced below Rs 10 lakh are likely to be the initial gainers when India transitions to Bharat Stage-VI emission standards in April, according to industry executives and experts. Factors that are expected to work against diesel vehicles include price hikes that would likely be sharper than on petrol-run models and continuing uncertainty over the availability of BS-VI compliant fuel across the country. Companies that focus on large diesel-powered utility vehicles could therefore take a bigger hit, at least initially, than those that specialise in petrol. Introduction of BS-VI would impact the sub Rs 10 lakh and the Rs 10 lakh-plus price bands differently, said Vinay Raghunath, partner and leader, automotive, EY. “In the first category, OEMs have already announced
SUV buyers favour petrol models as BS-VI nears

SUV buyers favour petrol models as BS-VI nears

Finance
New Delhi: Petrol is fast emerging as the fuel of choice for SUV buyers in India, marking a shift in consumer preference in a segment where diesel has traditionally ruled the roads. As much as 35 per cent of all utility vehicles sold in the local market in September 2019 run on petrol, as against a modest 17 per cent just a year back. With the price differential between petrol and diesel vehicles set to widen with the transition to BS-VI standards, the trend will accelerate in the coming months, said industry veterans. Petrol will dominate sales of small and midsize SUVs after BS-VI kicks in, said Shashank Srivastava, executive director (marketing and sales) at Maruti Suzuki, adding, it is only in large sports utility vehicles that diesel options will remain relevant. In Maruti Suzuki’s Er