ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » Automobile News

Car makers rush to launch petrol variants as uncertainty over diesel ban looms

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Car makers rush to launch petrol variants as uncertainty over diesel ban looms
Mercedes-Benz India CEO Roland S Folger at the launch of company's flagship SUV. Photo: IANS

After the ban on diesel due to pollution concerns in New Delhi-NCR region, demand for diesel variants of luxury cars and SUVs dipped.

Companies like Mercedes-Benz and Audi are rushing to bring in their petrol offerings to India.

While Mercedes-Benz will make available petrol variants for all its models sold in India by next month so as to align with the demand shift, Audi is likely to complete such an exercise by the first quarter of next year. Tata Motors-owned JLR has also started working on a similar strategy.

"We are working on future investment plans but they needed to be reworked and the most immediate action was adopting the petrol strategy," Audi India Head Joe King told PTI.

He said reworking of the strategy was due to the shift in customer demand towards petrol from diesel vehicles in the wake of Supreme Court ban on diesel cars and SUVs with engine of 2,000 cc and above in Delhi-NCR and NGT order on similar lines.

Audi India has preponed introduction of its petrol offerings by about five months.

"Now there is a significant shift in demand for petrol vehicles. So we will ensure that all our models sold in India will have both petrol and diesel options by the first quarter of next year," King added.

He further said in the next two years Audi expects sales of its petrol vehicles to account for 30-35 per cent of the overall sales, a multi-fold jump from about 2-5 per cent at present.

This week, Audi will launch the petrol version of its A6 sedan, he said, adding that the petrol variant of the company's Q7 SUV "isn't far away".

German rival Mercedes-Benz, which recently launched the the petrol variant of its best selling SUV in India GLE 400, is also cranking up its petrol strategy in India.

"We plan to offer petrol variants in all our products by September and give the customers an additional option to choose from," Mercedes-Benz India Managing Director & CEO Roland Folger said.

Such has been the rise in demand for petrol vehicles that "the ratio of diesel and petrol in Mercedes-Benz's portfolio earlier was 80:20 and currently with the introduction of more petrol variants we expect petrol's share to rise up to 30 per cent of our total sales", he said.

Jaguar Land Rover, another company which was hit hard by the ban on big diesel cars and SUVs in Delhi-NCR has also started working on a petrol strategy.

In June, JLR India President Rohit Suri had said the company was already adapting its portfolio "not just because of the ban (on big diesel cars and SUVs) but also due to the increasing preference for petrol vehicles. We will do our best to address the demand."

Earlier this year, the company had launched Jaguar XE in petrol to add to its existing Jaguar XJ in petrol. It was followed up by the launch of 2 litre petrol derivative of Land Rover Discovery Sport SUV.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
luxury car makersMercedes-BenzAudiTata MotorsDiesel banpetrol variantsdiesel variantsAutomobile
Written By: PTI
Updated: Sun, Aug 28, 2016
01:55 pm
PTI
RELATED NEWS
Luxury car makers voice disappointment over GST Council's increase in cess Luxury car makers voice disappointment over GST Council's increase in cess
BMW India sales volume jumps 11.5% in Jan-June at 4,589 units BMW India sales volume jumps 11.5% in Jan-June at 4,589 units
GST effect: Maruti, Audi, JLR reduce prices of various models GST effect: Maruti, Audi, JLR reduce prices of various models
GST impact: Luxury carmakers begin cutting prices GST impact: Luxury carmakers begin cutting prices
Here's why Toyota is not rushing to bring new models to India Here's why Toyota is not rushing to bring new models to India

LATEST NEWS

Pathaan Box Office Collection Day 8: Shah Rukh Khan-starrer collects over Rs 660 crore worldwide | Check OTT release date here

Traders' Diary: Buy, sell or hold strategy on ICICI Bank, TCS, Wipro, Birlasoft, IndusInd Bank, 15 other stocks today

Amul milk price hiked by Rs 3 per litre from today: Check new rates

ICAI CA Foundation Result 2022 to be released today: Check steps to download scorecard from icai.nic.in

Anil Singhvi strategy for February 3: Key market triggers, important levels to track in Nifty50, Nifty Bank

OPPO Reno 8T 5G launch today: Check specifications, features and other details

Delhi temperature, weather forecast today: Met department predicts clear sky in national capital; air quality moderate

Samsung Galaxy S23 Series starts from Rs 74,999 in India

Should you buy, hold or sell ITC, Britannia, HDFC Life, SBI Life, Titan, Zomato shares now?

Gold Price Outlook: Is Rs 60,000 on cards? Up over 6% this year, MCX gold futures have 20% upside

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV