Which fuel will power Indian cars in the future?

Given the recent series of hikes in the prices of Petrol and Diesel, the two primary fuels used by the Indian car owners and the discovery of new fuels, the answer to this question is not a definite one. Recently with petrol selling at an average price of Rs.68-72 a litre and diesel at Rs.43-46 a litre, consumers are switching over to diesel cars, in spite of the fact that diesel cars demand a higher initial investment as well as are heavy on maintenance costs.

Automobile Sector

Global Scenario

• Major driver of economic growth with 30% growth
• Provides employment to 60 million people in the world
• US, Japan, China, Germany and South Korea -top 5 automobile manufacturing nations
• Auto components amount to 31.5% share of the global automobiles and components industry group’s value