Toyota may explore petrol version of Innova, Fortuner

Image
ANI New Delhi
Last Updated : Jan 05 2016 | 1:13 PM IST

The Indian unit of Toyota is all set to explore the petrol versions of its popular multi-purpose vehicles Innova and SUV Fortuner to tide over the Supreme Court's verdict, curbing registration of vehicles with large diesel engines in the National Capital Region.

Toyota, which records maximum sales from diesel-powered vehicles, is also considering having petrol versions for all future products to de-risk sales from adverse rulings on diesel vehicles.

The current ban on registration covers vehicles with engine size of two litres or more and is for three months, but there are concerns among auto makers that this could be extended.

TS Jaishankar, deputy managing director-commercial at Toyota Kirloskar Motor, said, "When we started selling the Innova, we had made available a petrol version. It was discontinued as demand was largely diesel-driven. We have to see now, if it warrants, we have to get it back."

According to data available with industry body Society of Indian Automobile Manufacturers (SIAM), Toyota sold 91,588 vehicles in the domestic market between April and November 2015. Of these, 50,771units, or more than 55 percent, were the Innova and Fortuner.

According to industry experts, about 400,000 units of diesel vehicles with two-litre or heavier engines are sold in the country annually and of these five to eight percent are sold in the NCR.

Data shared by the company (from the Delhi government's website) show of the 2.64 million cars registered in the National Capital Territory until March 2015, 1.42 million were of BSI of II.

Toyota is not the only one to examining options to develop petrol versions of best-selling products. Last month, Mahindra said it will focus on developing petrol engines for its existing portfolio of vehicles.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 05 2016 | 1:01 PM IST

Next Story