Diversifying Offerings: Auto Giants Embrace Hybrids and CNG Vehicles Amidst EV Surge

As the Indian automotive industry gears up for a significant shift towards electric vehicles (EVs), major automakers are adopting a diversified approach by exploring hybrid vehicles and compressed natural gas (CNG) cars to bridge the gap during this transitional phase. Let’s delve into how prominent auto giants in India are strategizing their product offerings to align with evolving market demands.

Maruti Suzuki’s Multi-Pronged Strategy

Maruti Suzuki, commanding approximately 50 percent of the car market share in October 2023, is yet to introduce its first EV, slated for a 2025 debut. However, the company isn’t solely reliant on internal combustion engine (ICE) vehicles. Maruti Suzuki’s current lineup includes over 25 percent CNG vehicles and around 1 percent hybrid vehicles. Notable offerings in its CNG range comprise models like Maruti Suzuki Alto, Grand Vitara, Ertiga, XL6, among others. Furthermore, the brand’s hybrid portfolio includes vehicles like Maruti Suzuki Grand Vitara, Ertiga, and the recently launched Fronx.

Tata Motors’ Diverse Portfolio

Tata Motors, the second-largest automaker in India, presents a diverse mix of EVs, CNG cars, and traditional ICE vehicles. While ICE vehicles dominate its sales, Tata Motors offers customers a plethora of choices. For instance, the compact SUV Tata Punch is available in ICE, EV, and CNG variants. The company aims to boost its CNG vehicle share to 25 percent by 2025, showcasing its commitment to alternative fuel options.

Hyundai’s EV Focus with CNG Support

Hyundai has earmarked ₹20,000 crore for EV research and production between 2023 and 2032, underlining its strong emphasis on electric mobility. Despite EVs constituting just 1 percent of its sales currently, Hyundai also caters to the CNG segment, accounting for approximately 11 percent of its sales. Models like Exter CNG, Grand i10 Nios, and Aura exemplify Hyundai’s CNG offerings, providing customers with eco-friendly choices.

Toyota’s Hybrid and CNG Lineup

Toyota, yet to debut an electric car in India, offers a range of hybrid cars, ICE vehicles, and CNG options. The Rumion, priced from ₹11,24,000, stands out in its CNG lineup, alongside models like Glanza. Toyota’s versatile offerings like the Urban Cruiser Hyryder are available in both CNG and hybrid variants, catering to diverse consumer preferences.

MG Motor’s EV Thrust

MG Motor is actively pursuing the EV segment, with EVs contributing around 25 percent to its portfolio. Models like MG Comet EV and MG ZS EV showcase the brand’s commitment to electric mobility. While MG Motor hasn’t disclosed plans for CNG variants, the possibility of introducing a CNG variant of popular models like Hector or Astor remains open for future exploration.

As the automotive landscape evolves towards sustainable mobility, auto giants are navigating this transition by embracing a mix of EVs, hybrids, and CNG vehicles, offering consumers a spectrum of choices aligned with environmental consciousness and technological advancements.