Maruti Suzuki India Ltd is set to gain the most from a government proposal to levy a green tax on petrol and diesel vehicles, according to two auto industry executives.
India’s top carmaker has the largest portfolio of compressed natural gas (CNG) vehicles among domestic automakers. The Suzuki Motor Corp. unit also has aggressive plans to push its CNG vehicle sales to 200,000 units or more a year by 2022.
Maruti sold a record 106,443 CNG vehicles in FY20. According to the company, sales of such vehicles have grown at an annualized average of 15.5% over five years through FY20.
