Festive cheer and excessive discounting by CNG carmakers see retail gross sales hit a brand new month-to-month excessive. Cumulative January-October retails at 607,287 models are up 43 % and have surpassed CY2023’s 590,000 models. Whereas Maruti Suzuki, with 433,033 models, has a 72 % market share, Tata Motors, with 94,374 models and 104 % year-on-year development, has elevated its CNG market share by 5 % to 16 %. Hyundai has rolled out new variants at the same time as Toyota doubles its gross sales to 12,355 models.
As per the most recent Vahan information (as of November 3, 2024), at 99,967 models, retail gross sales of CNG-powered autos had been a good-looking 67 % year-on-year improve (October 2023: 59,909 models). The CNG PV trade’s earlier month-to-month finest was January 2024’s 67,427 models. This mega efficiency in October has resulted within the mixed gross sales of India’s 4 CNG carmakers within the January-October 2024 interval registering a complete of 607,287 models, a rise of 43 % YoY (January-October 2023: 426,014 models).
Maruti Suzuki CNG gross sales
70,281 models bought in October 2024
Maruti Suzuki has the most important portfolio of 13 CNG fashions having just lately added the CNG model of the fourth-generation Swift. Solely the Jimny, Ignis and Invicto usually are not a part of its CNG secure. Understandably, with such a large mannequin unfold, the corporate has a vice-like grip available on the market.
As per Vahan information, Maruti Suzuki has delivered a complete of 433,003 CNG autos within the first 10 months of this 12 months, with October 2024’s 70,281 models being its highest month-to-month gross sales but. Of the whole 13,93,001 passenger autos the corporate bought between January and October 2024, CNG-powered autos account for a 31 % share.
The corporate has outlined an formidable gross sales goal over 600,000 CNG autos in FY2025, which interprets into 38 % year-on-year development over its FY2024’s 434,122 models, and round 11,000 models greater than all the PV trade’s retails of 589,996 CNG vehicles and SUVs final fiscal. Within the first seven months of FY2025 (April-October 2024), Maruti Suzuki has registered retail gross sales of 310,669 models.
Tata Motors CNG gross sales
16,586 models bought in October 2024
Tata Motors, positioned in third place in total gross sales after Maruti Suzuki and Hyundai, is the second largest CNG carmaker within the nation. The corporate, which had first launched its revolutionary twin-CNG-cylinder know-how within the Tata Altroz hatchback, has now standardized it in its total CNG line-up which contains the Tiago CNG, Punch CNG, Altroz CNG and Tigor CNG.
Like Maruti Suzuki, Tata Motors too has hit a month-to-month better of 16,586 CNG autos in October, which takes its January-October 2024 whole of 94,374 models, up 104 % year-on-year (January-October 2023: 46,330 models). This interprets into its CNG autos having a 21 % share of the whole 444,085 autos (petrol, diesel, electrical and CNG) retailed within the first 10 months of CY2024, as per Vahan information. This additionally signifies that Tata Motors, which had bought a complete of 83,482 CNG autos in FY2024, has gone previous that determine within the first seven months of FY2025.
Hyundai CNG gross sales
9,725 models bought in October 2024
Like the 2 above, Hyundai too has notched its best-ever month-to-month CNG retails in October 2024: 9,725 models. For the primary 10 months of this 12 months, Hyundai’s cumulative retails at 60,787 models are up 19 % year-on-year (January-October 2023: 51,285 models). When it comes to CNG market share, Hyundai at present has 10.12 % in comparison with 12.12 % in January-October 2023, presumably because of the advance of Tata Motors and Toyota which appear to have eaten into its market share.
Hyundai, with three CNG fashions at present, is seeking to rev up gross sales and has just lately launched a brand new base variant of the Aura CNG. Having launched a dual-cylinder CNG setup within the Exter in July, Hyundai launched the Grand i10 Nios hatchback with the identical structure, leveraging on a development first set by Tata Motors.
Toyota CNG gross sales
9,725 models bought in October 2024
Toyota Kirloskar Motor can also be faring very properly on the CNG automobile retail entrance. The two,800 CNG-powered passenger autos it bought in October are its month-to-month finest but. The corporate, which has just lately expanded its CNG automobile portfolio to 4 fashions with the Taisor becoming a member of the Glanza hatchback, City Cruiser Hyryder and the Rumion MPV, has bought 12,355 models up to now 10 months, up 109 % YoY (January-October 2023: 5,918 models).
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Kanishk Singh has always had a keen interest in fast-paced cars. For the past three years, he has been writing about automobiles, but his fascination with cars dates back even further. He thoroughly enjoys learning about their features and expressing his thoughts through his writing. Kanishk also has a profound interest in the stock market, shares, and business strategies. He possesses a wealth of knowledge on these subjects and consistently writes articles on them. Currently, he is working as a writer for Lattestnews24, specifically focusing on the Automobile, Finance, and Business categories. His well-crafted words are highly appreciated by the readers, as they find them both informative and creative.