Honda banks on petrol cars

Petrol models are emerging into the more preferred fuel product for reputed firms such as Honda, Hyundai and Maruti Suzuki. The waiting period for petrol models have lengthened to a couple of months. The increasing demand for petrol models has caused a sudden drift to the extent that companies have to work effective methods to increase sale of petrol cars.

Honda has focused on petrol cars with some interesting models of City, CR-V and Brio with long waiting periods. The company has recently launched its first ever diesel project with the Honda Amaze, the petrol version of this car is equally popular with long waiting periods that stretches to a couple of months.  A company official of Honda has announced that the falling of petrol values has resulted in customers increased curiosity about the attributes of petrol cars.

The reduction in petrol prices has caused a sudden robust impact on petrol models which have registered an increase of 5% in just 3 to 4 months since 2012. Earlier petrol cars formed 45% car profits and the remaining 55% is released by diesel models. The reduction in diesel car demand stems from lower petrol and higher diesel values which is the trend recently.

There has been a Rs 3.25 at 63.99 per liter and diesel prices have noted reduction of Rs 2.54 at Rs 49.69 per liter. According to industry professionals, the higher demand for petrol cars have surprised car manufacturers where manufacturers would be puzzled about catering to increased petrol car demands and the production has to be strategized effectively on a monthly basis to provide builders with sufficient production intervals and also release components to export segments.

India’s esteemed car manufacturer Maruti Suzuki announced that petrol price car shares have increased by 5% since a couple of months. The waiting intervals for some of its eminent models of Wagon R, Swift hatch, and Ertiga have risen. Hyundai another established car firm has noted lengthy waiting intervals with i20 and Hyundai Eon.

The sharp increase in demand for petrol cars will attract the fast moving passenger vehicle segment which witnesses robust declines since twelve years during the last financial period. There has been a 6.7% decline in this segment with 18.95 units. The sale movement is progressing at a slow pace with figures dipping at 11.33% with 2.94 lakh vehicles during the period of April to May.

The inverse flow leading to higher demand for petrol cars is a boon to the passenger car segment which would increase the overall profit sale of Honda and other companies. Honda is working on new projects which is a multipurpose vehicle, new Jazz, compact SUV and refreshed City model in the new future. The petrol version of these cars will churn herd of customers in showrooms. It would be interesting to observe Honda’s first venture in the SUV and MPV segment. These models should generate credible profits since the petrol version of Amaze has created long waiting periods.

This is interesting news for ardent Honda fans to experience the drive dynamics of the company’s new projects.