Maruti Suzuki Targets 9 Lakh CNG Vehicle Sales as Demand Accelerates

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628 $MARUTI is targeting sales of 9 lakh CNG vehicles in FY27, representing an increase of nearly 30% over the previous fiscal, as consumers increasingly opt for fuel-efficient alternatives amid higher petrol and diesel prices. The company noted that demand for CNG vehicles has expanded beyond entry-level hatchbacks and vans, with growing customer interest in CNG-powered SUVs as well. The company currently offers one of the widest CNG portfolios in the Indian passenger vehicle market and expects rising fuel costs to further strengthen demand. Maruti Suzuki stated that CNG vehicles now account for a significant share of its domestic sales, supported by expanding CNG infrastructure across the country. The company also highlighted its strong presence in the clean mobility segment, which includes CNG, hybrid, and electric vehicles, as it continues to diversify its product lineup to meet evolving consumer preferences. Industry & Economic Impact: The increasing adoption of CNG vehicles reflects a broader shift in India's automotive industry towards cleaner and more economical mobility solutions. Rising fuel prices, expanding CNG refuelling infrastructure, and lower running costs are encouraging consumers to move away from conventional petrol and diesel vehicles. This trend is prompting automakers to expand their alternative-fuel offerings across multiple vehicle categories. From an economic perspective, higher CNG vehicle adoption can help reduce fuel expenses for consumers, lower dependence on imported crude oil, and support India's transition toward cleaner transportation. Greater demand for alternative-fuel vehicles is also expected to stimulate investments in CNG infrastructure and contribute to the country's long-term energy security and environmental goals. Source: NDTV Profit No Recommendations