Maruti could put a stop to 1.5-liter diesel engine plans


– Low return on investment likely to have prompted the company to refrain from diesel alternatives

– The constant rise in fuel prices has encouraged customers to opt for electric and CNG alternatives

In recent times we have seen a significant increase in fuel prices in the country. In addition, the price differential between gasoline and diesel is rapidly shrinking in the country, thus encouraging customers to seek affordable alternatives in the form of electric and CNG options. According to media reports, the company plans to suspend the option of a 1.5-liter BS6-compliant diesel engine for its utility vehicle portfolio in the country.

Lately, we’ve seen a significant increase in demand for electric vehicles in the country, further justifying the company’s decision to steer clear of a BS6 diesel engine option. In addition, the media report also states that the company has shelved its diesel engine projects citing low return on investment.

The country’s largest automaker, Maruti Suzuki plans to introduce up to five new utility vehicles in India by 2023. Suzuki Motor Corporation recently announced its electrification strategy, in which it plans to introduce hybrid vehicles and powerful electrics by 2025. Given the ever-increasing demand for electric vehicles in the country, it is believed that Maruti Suzuki will also gradually focus on the electrification of the Indian market. More details on the company’s future plans will be known in the coming days.

Source – Mobility prospects

Source link

Leave A Reply

Your email address will not be published.