Indian buyers love Diesel cars in the mid-size category. They are not only cheap but also have low running costs.
According to the latest figures in the industry, diesel variants out-performed petrol model by the ratio of 7:3 on the fiscal year ending March 2008. The 70 percent of the cars sold in the domestic market are diesel cars. This is despite of the fact that diesel cars are priced 15 percent higher than petrol variants. However, the mid-size segment witnessed a growth of 14.6 percent diesel cars and increased to 6-9 percent over the last two years.
Passenger diesel cars comprise of 35 percent of the mid-size segment in the country. Experts predicted that diesel cars may form 50 percent of the category by 2010. The same growth is expected to be witnessed in Europe, in four year, where percentage could rise to 65 percent from the current 46 percent.
The stats state that, 94 percent of the Mitsubishi Lancers sold by Hindustan Motors in 2007-08 were diesel version. A total of 55 percent of Maruti Suzuki Swift sold was diesel. Hyundai recorded a total sales of 33,000 units in the mid size category of models like Accent and Verna. Of the total sales 70-80 percent of cars are diesel run. Accent is available only in petrol and Verna is available in both versions.
Mahindra Renault Logan which has a market share of 12 percent in the mid-size car segment recorded 68 percent of sales of diesel cars.
Ford, which offers two cars – Fusion and Fiesta in this category has recorded a sale of 29,000 units in India of which over 70 percent of the cars were fitted with diesel Duroatorq engine.