MUMBAI: Consumers have begun opting for diesel versions of popular car models in the wake of rising fuel costs, forcing carmakers to step up production of the diesel variants in recent months. The Indian car market, which grew 8% last year, comprises largely petrol-driven cars, which also bring in higher business margins.
Maruti Suzuki's fast movers Swift and Dzire are selling 65% diesel variants and others like Tata Motors, M&M, GM, Hyundai and Ford are jacking up production of the diesel models. Tata's Indica and Indigo, Mahindra's Logan, GM's Optra and Hyundai Verna and Sonata are seeing an increase in diesel model sales in recent months.
The trend towards diesel models is forcing Maruti Suzuki to launch the diesel and the petrol variant of the Splash hatchback and is understood to be jacking up production of its diesel engine plant to three lakh units from one lakh units.
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Friday, August 8, 2008
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