Maruti Suzuki is witnessing strong demand for compressed natural gas (CNG) powered vehicles and is expecting more than 80 per cent growth in sales of such vehicles in fiscal year (FY) 2021-22. The company sold around 160,000 CNG vehicles in FY21, and expects this number to climb to about 300,000 in the current financial year.
The surge in fuel prices, along with the increase in the network of CNG stations has driven the growth. In the six months ended September 2021, the company sold 83,000 CNG vehicles, accounting for 14 per cent of total sales. CNG vehicles accounted for 11.5 per cent of the company’s sales in FY21 and 7.4 per cent in FY20.