This the highest ever in a fiscal
Maruti Suzuki India Limited on Friday said that it achieved its highest ever sales of eco-friendly CNG-powered cars in a year during FY 2019-20 by selling 1,06,443 factory-fitted CNG vehicles across India.
Maruti Suzuki has witnessed a 15.5 per cent CAGR increase in its CNG sales in the past five years.
Maruti Suzuki’s options of factory-fitted CNG-powered cars include Alto, WagonR, Eeco, Tour S, Ertiga and Super Carry.
Maruti Suzuki unveiled its mission at Auto Expo 2020 whereby it aimed to sell the next set of million green vehicles at a much faster pace, it said. The company has named this mission as – Mission Green Million and the Company’s S-CNG technology will play a critical role in democratizing green cars and achieving the mission, it added.
“The growth of CNG vehicles complements the Government of India’s vision of reducing oil import and enhancing the share of natural gas in the energy basket of the country from 6.2 per cent now to 15 per cent by 2030. The Government is working to rapidly increase CNG fuel pumps network in the country. There has been a phenomenal growth in number of CNG stations in last six years with over 50 per cent of growth coming in the last year alone,” said Kenichi Ayukawa, Managing Director & CEO, Maruti Suzuki India Limited.
Maruti Suzuki is aligned with the Government’s vision by strengthening and expanding its CNG product portfolio, he added. “We see CNG as a technology that has set a new benchmark in green fuel mobility,” he said.
Thank you for being a loyal user of Portfolio.
Portfolio will be a paid section hereon.
Please Subscribe to get access to one of our early bird packs.
Or click on Free Trial to get 14 days free trial.
What You'll Get
-
Web + Mobile
Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device.
-
Exclusive Portfolio and Investment Advice, Banking, Lifestyle and Specials
Get diverse set of perspectives from our trusted experts on Portfolio, Banking, Economy, Environment and others.
-
Ad free experience
Experience cleaner site with zero ads and faster load times.
-
Personalised dashboard
Customize your preference and get a personalized recommendation of stories based on your interest.
Published on
June 05, 2020
A letter from the Editor
Dear Readers,
The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.
Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.
In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.
We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.
But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.
I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.
A little help from you can make a huge difference to the cause of quality journalism!
Support Quality Journalism