In a country obsessed with mileage, the hike in petrol prices and lately also in diesel is making every Indian think twice about the mileage factor before they opt to buy a car. Adding to this is the freefall of the rupee, which is also driving Indians to ask 'Kitna Milega'.The fluctuating fuel prices have even forced automakers to launch cars that have all upper comforts coupled with the most suitable and fuel-efficient running machines.
According to the latest data by Society of Indian Automobile Manufacturers (SIAM), car sales in India have dropped 18.6 percent in August for the first time in ten months, owing to the increase in fuel prices.
Despite the industry taking a major hit, automakers are still hopeful with the festive season coming up. Considering Diwali to be an auspicious time to buy new things, even price-sensitive buyers are drawn into making purchases, giving a boost to car sales.
The Indian car market is expecting the launch of several new fuel-efficient cars for this festival season. Maruti Suzuki is all set to launch its new 800cc car soon. The upcoming vehicle said to be more fuel efficient and more expensive than the Alto model.
"Although this will be an 800cc car, technologically it will be more advanced than the existing two 800cc models. It'll be more fuel efficient, and hence will also be more expensive than M800 and Alto," a source said to the Economic Times.
"We are getting no support from the market and we hope that the festival demand will at least be as per expectations...that's why we are launching new models and getting ready for the festival months," said Debashis Mitra, director-sales and marketing, Mercedes Benz India, to The Times of India.
Earlier, Hyundai and Maruti Suzuki were the two leading brands that resonated in the domestic auto mobile industry. It's not the same anymore as other manufacturers have entered the market with a new line up of vehicles the beat the fuel price hikes.
Click on the slideshow to view the ten most fuel efficient cars in India.