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CNG, EV sales soar in Maharashtra amidst skyrocketing petrol, diesel prices

Sales of CNG and electrical autos are witnessing a hike in Maharashtra amidst the rising petrol and diesel prices. In the previous three months, CNG car sales in the state reportedly jumped up by 375%, whereas electrical car sales too elevated by 30%. On the opposite hand, petrol car sales have declined by 29%. With this, Maharashtra is planning to introduce 93 extra IGL fuelling stations for a possible examine.

(Also Read: From RWAs to market complexes: How Delhi govt is pushing for EV infrastructure)

In December 2020, 610 items of CNG autos have been registered in the state, whereas in February 2021, the quantity went as much as 2,288 items. The CNG-cum-petrol autos sales too elevated from 6,415 items in December 2020 to 7,412 items in February 2021. Also, the state registered 1,102 items of electrical autos in December 2020, which went as much as 1,429 items in February 2021.

Compared to this, the petrol car registration has dropped from 210,715 items in December 2020 to 149,820 items in February 2021, marking round a 29% droop. The general car sales have been reducing over the previous two years as a result of world financial letdown, the financial disaster attributable to the Coronavirus pandemic in 2020, rising car value and these days the upward rallying petrol and diesel prices.

In Maharashtra, new car registration has dropped 5.52% in 2019, as in comparison with 2018. In 2020 too, car registrations have dropped by 23.68%, as in comparison with 2019. In January 2021, car sales began rising and offered greater than 33 lakh autos in two months.

The decline in sales of petrol autos and the hike in sales of CNG and electrical car sales is attributed to the regular rise in petrol prices. In Mumbai, on Monday petrol and diesel prices stood at an all-time excessive of 97.57 per litre and 88.60 per litre respectively.

With OPEC+ prolonged the crude oil manufacturing reduce until the top of April 2021, the petrol and diesel prices in India are anticipated to extend additional. This will definitely affect the sales of typical fuel-powered autos additional. On the opposite hand, this is able to outcome in a rise in sales of petrol and diesel autos.

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