Surprise surprise! The demand for petrol powered cars has gone up as compared to same period last year. A report from the Economic Times says that 57 per cent of cars sold in the market as compared to 53 per cent in the corresponding period last year. In the same period in 2012, the difference between the price of diesel and petrol was Rs 32 and now it is just Rs 13.4 further cementing the trend.
Many manufacturers have admitted that the petrol models in their range have seen an upward trend and in some cases there is currently a waiting period for the petrol cars. They say that the production of petrol cars is now likely to go up to 65 per cent from the 62 per cent in 2012. Dealers also say that enquiries as well as sales of petrol cars have risen dramatically in the last few months.
Given that the Indian car market is fuel efficiency obsessed, this is one of the most obvious and expected trends since the partial decontrolling of diesel prices in January this year. It is also the first time that the demand trend has reversed in more than two years.
