Maruti Suzuki India Ltd said on Thursday it would stop making all diesel cars beginning April next year and forecast a weak rate of growth for the current fiscal year, blaming uncertain fuel prices and the onset of stricter emission norms.
Carmakers will need to invest in upgrading their technology, including for diesel cars, to meet India’s stricter emission norms that come into effect next year.
‘From April 1, we will have no diesel car on sale. Depending on how customers react... if we find there is a market for diesel cars (after the new emission norms kick in) we will develop it in a reasonable amount of time,’ chairman RC Bhargava told reporters at a press conference in New Delhi.
The country’s biggest automaker, majority owned by Japan’s Suzuki Motor Corp, said it expected production and sales to grow between 4 per cent and 8 per cent for the financial year started in April.
Last year, the company targeted a 10 per cent rate of growth for sales but actual sales grew by just 6.1 per cent, the company said in a statement.
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