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Thu, Jul 19, 2018 | Last Updated 3:08 am IST

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Diesel Vehicles demand will fall 35% by 2019

Diesel Vehicles demand will fall 35%  by 2019
Diesel Vehicles demand will fall 35% by 2019
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New Delhi sources stated that the demand of diesel vehicles has been declining over the past few years and is expected to reduce to sub 25% level, post implementation of BS - VI norms. According to ICRA declined to 38% in FY2018 and is expected to fall further to 35-36% in FY2019 and will eventually go lower.

Meanwhile Subrata Ray, Sr. Group vice-president, Corporate Sector ratings, ICRA, said “Regular increase in the retail price of diesel in small doses every month since January 2013 has significantly narrowed down the retail price gap between petrol and diesel fuels, making cost economics of owning a diesel PV relatively less favorable now than in the past.”

Diesel Vehicles demand will fall 35%  by 2019

Ray added “As there is a high correlation between petrol and diesel price gap (price difference per litre of fuel), lower fuel price gap has resulted in customer preference shifting away from diesel vehicles. Moreover, given superior fuel economy of hybrid cars, hybridization has also reduced importance of diesel models". Moreover recent adverse regulation regarding ban on 2.0L+ diesel vehicles in the NCR region and Kerala has further impacted diesel car sales, as it has direct impact on resale value of cars.

Diesel Vehicles demand will fall 35%  by 2019
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