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