Maruti bets on demand for CNG vehicles

MUMBAI: Amid skyrocketing prices of petrol and diesel, Maruti Suzuki India (MSI) is looking to cash in on the accelerated demand for its CNG vehicles, expecting nearly 50 per cent growth in the ongoing fiscal year, Maruti Suzuki India Executive Director (Marketing & Sales) Shashank Srivastava said.

The company, which offers CNG options in eight models out of total 14 available in the Indian market, is also actively working to expand the portfolio.

"This year CNG (vehicles) in the industr y has grown almost 37 per cent at a time when the overall growth is negative (18 per cent decline) in AprilJanuar y period. It means CNG is growing ver y well," Srivastava added.

He said as the prices of petrol and diesel as a fuel have gone up dramatically, the running costs have also increased.