- 13 Sep 2024
- ICICI Securities
MARUTI LAUNCHES SWIFT S-CNG HATCHBACK
News: Maruti Suzuki has launched the Swift S-CNG hatchback at an ex-showroom price starting from ₹ 8.20 lakh, available in three variants: V, V(O), and Z, each priced at a premium of ~₹ 90,000 over their petrol counterparts. Powered by a 1.2-litre 3-cylinder petrol engine, the Swift S-CNG delivers 69 PS and 102 Nm of torque, paired with a 5-speed manual transmission, and boasts an impressive fuel efficiency of 32.85 km/kg. The vehicle comes equipped with modern features such as a 7-inch touchscreen infotainment system, automatic climate control, and a comprehensive safety package that includes six airbags as standard.
Views: The customer acceptance for CNG vehicles continues to increase, and in Q1FY25, every 1 in 3 cars sold by Maruti Suzuki in the domestic market was a CNG vehicle. Also, in Q1FY25, CNG vehicle sales has overtaken diesel vehicle sales for the first time at the industry level. The company aims to sell 6 lakh CNG units by the end of the 2024-25 financial year while in Q1F25, they have done slightly less than 1.5 lakh units. With the introduction of Swift S-CNG, Maruti has extended their CNG portfolio to 14 models now.
Impact: Positive