Love diesel cars? See what is set to happen soon
Since 2013, the retail price gap between petrol and diesel has significantly narrowed. Besides, given the superior fuel economy of hybrid cars, hybridisation has also reduced the importance of diesel models. The implementation of BS-VI norms will also significantly widen the cost differential between petrol and diesel cars, leading to the eventual decline in the share of diesel vehicles, according to the report.
The demand for diesel passenger vehicles (PVs) is expected to decline to below 25% post implementation of BS-VI norms, which will happen by April 2020. Representational image, source: Reuters