Maruti Suzuki, the largest car manufacturer of India has announced that the company will stop manufacturing all type of Diesel Cars from April 1st, 2020. This decision came out as the company found it high cost to upgrade existing Diesel Engines as per the BS6 norms to take effect from next year.
The company has told that they will focus more on CNG and Hybrid technology for the future of Maruti Suzuki Cars.
According to R C Bhargava, Chairperson of Maruti Suzuki India Ltd, from April next year the company will stop manufacturing diesel vehicles since substantially higher development cost will not make diesel a viable option for consumers.
“We have taken this decision so that in 2022 we are able to meet the Corporate Average Fuel Efficiency norms and higher share of CNG vehicles will help us comply with the norms. I hope the union government’s policies will help grow the market for CNG vehicles,” added Bhargava.
Maruti Suzuki also released its Annual Financial Year 2018-19 which embarks a major growth for the company compared with last year.
- The company sold 18,62,449 vehicles at a growth of 4.7% worldwide, including 1,753,700 units in the domestic market and 108,749 units in exports.
- The company’s net sales marked Rs 8,302 crores in FY 2018-19, a growth of 6.3% over last year, but the company has a profit of ₹7,500.6 crore with a low of 2.3% from last year.