Consumers moved away from diesel vehicles in 2023; EV, hybrid sales rise

SUVs, on the other hand, are likely to grow up to 54-55 per cent from a current level of 48.7 per cent. It has already grown from 42 per cent in 2022 to nearly 49 per cent in 2023

Consumers moved away from diesel vehicles and headed towards hybrid cars and electric vehicles (EVs) during 2023.

The passenger vehicle (PV) industry is likely to see a churn in the powertrain mix during the coming years even as sports utility vehicle (SUV) sales continue in top gear.

According to Shashank Srivastava, senior executive officer, marketing & sales, Maruti Suzuki India (MSIL), the share of diesel vehicles in the overall PV segment came down from 19.2 per cent in 2022 to 17.6 per cent in 2023.

This came as the share of hybrid vehicles went up from 0.5 per cent to