Diesel car sales may fall sharply as price gap with petrol vanishes: analysts
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NEW DELHI, June 25 -- Sales of diesel vehicles might witness a sharp decline in the coming months as the price of the fuel comes at par with that of petrol, analysts said. Sales of diesel vehicles have slowed over the last few years as the price difference between the two fuels narrowed, ever since diesel price was deregulated in 2014.
Maruti Suzuki India Ltd, the country's largest passenger vehicle manufacturer, is likely to benefit from this development since the company has discontinued manufacturing diesel vehicles and thrown its weight behind petrol- and compressed natural gas-run vehicles as an alternative, they said.
The company cited high cost of development of diesel cars under the Bharat Stage 6 emission norms as opposed to pe...
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