Alternative fuels near petrol parity in India’s passenger-vehicle retail mix
Alternative fuels accounted for 40.59% of India’s passenger-vehicle retail sales in July, close to petrol’s 41.68%, as CNG, hybrids and EVs gained ground. Total vehicle retail sales rose 25.89% year on year to 2.59 million units.
India’s vehicle retail fuel mix is nearing parity between petrol and alternatives, led by CNG, hybrids and EVs. Record July sales, cheaper financing and fuel-price pressure lifted demand, while Maruti Suzuki reports strong uptake for underbody-CNG SUVs.
Why this matters
The fuel-mix shift follows Maruti Suzuki’s price discipline and FY27 capacity target, while its small-car revival lifted Q1 passenger-vehicle share to 41.2%; it also comes as carmakers absorb commodity inflation with selective price hikes.
The retail-company theme is accelerating, up 94,769% QoQ.