Maruti Suzuki launches automatic S-CNG range

Maruti Suzuki aims to sell 1 million green vehicles in FY27, launches automatic S-CNG range

SEBI RA – Shubh Consultancy – Sunil Kotak – INH000015826 Maruti Suzuki India Ltd (MSIL) is targeting 1 million "green vehicle" sales - spanning CNG, hybrid and EV - this financial year, helped by structural tailwinds such as rising crude prices and the introduction of automatic transmission in CNG variants. The car market leader, under its Auto Green Mission, on Friday launched automatic S-CNG variants of its popular car models - Swift, Dzire and Baleno. MSIL, a dominant player in the CNG category with a 70 per cent market share, was earlier expecting sales of 8 to 9 lakh units of green vehicles this fiscal. However, it raised the projection with the introduction of new automatic transmission models, said Senior Executive Officer, Marketing & Sales Partho Banerjee. He noted thet CNG models previously lost out to petrol/automatic combinations because they lacked automatic transmission options. The new Swift, Dzire and Baleno automatic S-CNG launches target exactly the "new-age customers who refuse to compromise", buyers who wanted CNG's running-cost benefit but would not give up automatic convenience, he said. "This opens CNG to a segment that was previously unaddressed," Banerjee said in a media roundtable here. All this is for information This is not a buy/sell recommendation. Thank you, Technofunda24