Maruti Suzuki not to sell diesel vehicles from April 2020: What you must know
In the wake of decreasing demand for diesel vehicles, automobile major Maruti Suzuki has decided to stop selling all diesel cars from April 1, 2020. The company took this step due to the implementation of Bharat Stage-VI emission norms that will lead to rise in car prices. According to the company`s Chairman RC Bhargava, "Diesel cars of BS-IV have to be sold and registered before 31st March (2019). We will work on our production schedule in a way that no diesel IV vehicle is left in our stock." From April 1, 2020 we will not be selling diesel cars, he said, while addressing reporters.
Bhargava said the company will return to this segment if the demand arises for diesel vehicles as per BS-VI norms, however, added that the company would come with vehicles above 1500 cc engines. The company has also decided to pull the plug on the diesel version of its light commercial vehicle Super Carry from next year. This vehicle would be only available in petrol/CNG version going ahead. Image source: Official website
The company, which had developed a new DDiS 225 (1.5L) diesel engine, is currently offering diesel variants of Swift, Vitara Brezza, Dzire, Ertiga, Ciaz, Baleno and S-Cross. Image source:PTI
Currently, diesel powered vehicles constitute about 23 per cent of the total domestic sales. In 2018-19, Maruti Suzuki had sold 4.63 lakh diesel cars in the country. Image source: Official website
The auto major, which has a market share of over 50 per cent in the domestic passenger vehicle segment, sold 4.63 lakh diesel cars in 2018-19. Image source: Official website
Since demand for diesel cars is decreasing across the world, India is also witnessing the similar phase where the demands has deceased to 23% against 47% in 2012-13. Image source: PTI
Maruti Suzuki India (MSI) on Thursday reported a 4.6 per cent decline in net profit to Rs 1,795.6 crore for the last quarter of 2018-19, hit by adverse foreign exchange rates, high commodity prices and rise in sales promotion expenses. The company had posted a net profit of Rs 1,882.1 crore in the January-March period of 2017-18. Image source: Reuters
According to MSI report submitted with BSE, for the entire 2018-19 fiscal, the company posted a net profit of Rs 7,500.6 crore, down 2.9 per cent from the previous fiscal, while its net sales rose by 6.3 per cent to Rs 83,026.5 crore. Total car sales during 2018-19 were up 4.7 per cent to 18,62,449 units. Image source: Reuters