New Delhi: Auto main Mahindra & Mahindra (M&M) is focusing on to seize a large share within the lower than 2-tonne payload class of small business car (SCV) market with its first dual-fuel product within the phase.
“We’re very optimistic about CNG as a gas on this phase, and we can even double the manufacturing capability in FY24. We consider that over the following few years, the CNG market will develop owing to discount in gas costs and the federal government’s push on CNG infrastructure throughout the nation,” Baneswar Banerjee, VP and Nationwide Gross sales, Head- Auto, Mahindra & Mahindra mentioned.
On Thursday, the automaker launched the Supro CNG Duo, which may run on each CNG and petrol, at an introductory worth of INR 6.32 lakh (ex-showroom, Delhi). It is going to be manufactured on the Chakan plant in Pune, and will get a payload capability of 750 kg, a variety of 325km with CNG tank capability of 75 litres. It’s outfitted with a 20.01 kW engine, offering 60 Nm torque and mileage of 23.35 km/kg.
Banerjee mentioned that there are different interventions deliberate for Supro which might be seen coming this yr, and that the corporate is engaged on an electrical car (EV) model of the mannequin, nonetheless the market entry just isn’t finalised but. With out sharing a quantum of improve, he acknowledged that the Supro CNG Duo will assist the corporate to strengthen its place and develop the share on this phase.
In April, ETAuto reported that the automaker expects to develop greater than the estimated development of the trade on this phase.
In accordance with Mahindra, the demand within the CNG phase has grown 4 instances in 4 years. Within the lower than 2-tonne payload class which accounts for a mean of about 16,000 unit gross sales monthly, the CNG gross sales contribute with round 5,000 items.
Since its launch in 2016, the automaker has offered over 1.75 lakh items of Supro available in the market. The corporate, which sells the Jeeto, Maxximo and Supro within the sub-2 tonne class, grabbed a share of 20.9% with gross sales of 40,419 items throughout 2022-23. Maruti Suzuki sells the Tremendous Carry and Tata Motors with its Ace is the market chief occupying a share of 59.3%.
Going ahead, Mahindra stays optimistic in regards to the trade development within the SCV phase and expects no main headwinds. The demand is predicted to be extra within the North area, adopted by the West after which the South. The corporate has over 850 CV touchpoints throughout the nation.