During the Bajaj Auto conference call, an intriguing discussion emerged around the economics of running CNG-powered vehicles versus electric vehicles (EVs), particularly within the context of their three-wheeler (3W) segment. Model management highlighted a compelling point: the cost per kilometer of operating a CNG vehicle is lower than that of an EV. This assertion, coupled with the ease of access and familiarity associated with refueling CNG vehicles compared to charging EVs, sparked a thought-provoking inquiry: could these factors similarly influence the PV market?
Considering Maruti’s strategic approach, which emphasizes a comprehensive focus on various fuel types rather than solely prioritizing EVs, appears accurate in light of these discussions. By maintaining a diversified portfolio across different fuel technologies.
Thoughts?