This festive season, if you are planning to buy a petrol car then you have to wait a little more.
With the value differential in the middle of petrol and diesel narrowing to about Rs. 10 for every liter, a long ways from the Rs.32 high two years prior, petrol cars are on a high.
From small cars, for example, the Hyundai Grand i10 and Maruti Celerio, to reduced cars, for example, Honda Amaze and Tata Zest, to try and utility vehicles like Honda Mobilio, petrol variants are ordering holding up times of three to 16 weeks.
Be that as it may for the car business, which was at one purpose of time attempting to deal with the colossal interest for diesel vehicles, acclimating to this new pattern has not been simple.
“The price difference between petrol and diesel prices has come down and that has seen an increase in demand for petrol cars,” said Rakesh Srivastava, senior vice-president, marketing and sales, Hyundai Motor India Ltd.
Taking after the administration's choice to decontrol the costs of petrol in June 2010, its cost had gone up by in excess of 33% between July 2010 and 2012. At the same time diesel, which had not been de-controlled, poked up an exposed 3%.
From only 32% in July 2010, the offer of diesel vehicles in general auto deals in the nation rose to in excess of half by the first 50% of 2013. The inversion has been just as intense.
“The share of diesel variants in total domestic sales of passenger cars and utility vehicles has started falling since peaking at 58% in fiscal 2013,” says an analysis by Crisil research.
“We expect diesel vehicles to close this fiscal with 45% of the market even as the share of petrol cars runs up to 55% from 42% that year.”