The decision coming from the government for deregulating the fuel prices in the country, major auto manufacturers in the country are currently starting their movements to move towards the alternate fuels for the future growth.Now many of the leading automobile players in India are building plans in order to strap more of CNG and LPG powered variants of cars.
Apart from the fact that these LPG & CNG variants would be extremely low in terms of running costs, the fact that it would become more lucrative depends on the fact that the diesel prices would depend of the free market movement.
There are reports that the companies similar to Maruti Suzuki, Toyota, GM and Hyundai are now working to expand their portfolios in the field of CNG & LPG offerings. Many of the manufacturers by now have some models in the LPG & CNG variants under their portfolio, but the expansion focus would currently lead to the launch of several more products under the segment.
The estimated costs as per Industry are : the per km cost on petrol is Rs 3.44, it is Rs 2.35 for diesel, Rs 2.23 for petrol-LPG and Rs 1.31 for petrol-CNG.
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