CNG dealers in Mumbai, Thane and Navi Mumbai region have threatened to go on strike from midnight of March 14 on the issue of dealer margin being given to them by the oil PSU's.
The SC questioned the Delhi government over delay in implementation of stricter anti-pollution measures under GRAP-4, and said it will not allow scaling down of the preventive measures without its prior permission.
The government on Thursday more than doubled the price of natural gas that is used to produce electricity, make fertilisers, turned into CNG and piped to household kitchens for cooking, on the back of a spike in global energy prices. The price of gas produced from old regulated fields, such as the nation's largest gas field of Bassein of ONGC, will rise to a record high of $6.10 per million British thermal unit (mmBtu) from the current $2.90 per mmBtu, according to the oil ministry's Petroleum Planning and Analysis Cell (PPAC). The new price, which is likely to result in a hike in CNG and piped cooking gas rates, will be for six months beginning April 1.
The country's largest carmaker Maruti Suzuki India on Monday said it has hiked prices of hatchback Swift and CNG variants of other models by up to Rs 15,000. The price change for Swift and all CNG variants is owing to an increase in various input costs, Maruti Suzuki India said in a regulatory filing.
The CNG Santro (XK, non-AC) has been priced at Rs 325,361 (ex-showroom, New Delhi). Prices of its other variants of CNG Santro were not immediately known.
The reduction in natural gas prices would mean lower raw material cost for compressed natural gas (CNG) and natural gas piped to households (PNG).
CNG prices in Mumbai may have to be hiked by about Rs 16 per kg and piped cooking gas by Rs 10 after government decided to divert some of its cheaper domestic gas to Gujarat.
The other four models introduced with the alternative fuel option are compact cars Estilo and WagonR, multi-purpose vehicle Eeco and mid-sized sedan SX4.
On February 27, 2009, the first CNG filling station was formally handed over to Hemant Karkare's wife Kavita.
On the exports front, Bajaj is under pressure in Bangladesh and Africa. On the domestic front, it could ride improvement in rural demand and new launches but it also has to cope with competitive intensity and a high base. The management projects 7-8 per cent volume growth in domestic 2W in financial year 2025 (FY25) with moderation in H2FY25 due to a high base Y-o-Y.
Delhi government has also decide to cut VAT on the hiked component of petrol.
After rolling out five compressed natural gas models last year, India's largest passenger car maker, Maruti Suzuki India Ltd, is mulling a CNG platform for all its makes.
Bajaj Auto reported steady results in Q1FY25, with revenue surging 16 per cent year-on-year (Y-o-Y), operating profit registering a growth of 24 per cent Y-o-Y, and margins swelling 20.2 per cent. The profitability was aided by 50 basis points (bps) on the accrual of PLI benefits. The domestic prospects for two-wheelers are healthy, though the response to the newly launched CNG motorcycle is a key monitorable.
The stock of the country's largest passenger vehicle maker, Maruti Suzuki India (MSIL), has been hitting successive all-time highs over the past three trading sessions. The rally in the scrip has helped it notch over a 21 per cent gain since the start of February, outperforming the National Stock Exchange Nifty Auto Index. The gains for the leader of small passenger cars have been more recent, as the company still trails the Nifty Auto over one- and two-year periods.
State-run GAIL India Ltd has mooted a multi-billion-dollar CNG corridor in the country to save up to Rs 60,000 crore (Rs 600 billion) in oil bill and cut carbon emissions from automobiles.
Days after a Rs 3 per litre rise in petrol prices, it is the turn of compressed natural gas. Indraprastha Gas (IGL), monopoly marketer of CNG in and around this metropolis, is looking at raising the price by up to six or seven per cent (Rs 2 per kg) sometime next week, due to higher cost on account of a weakening rupee.
In a dual fuel engine, CNG will replace approximately 50 per cent of diesel, and the operating expenses will thus be reduced by about 30 per cent.
Leading carmaker Hyundai Motor India Ltd on Monday announced plans to roll out a CNG version of its bread-and-butter hatchback Santro by this year-end or early 2008.
Volkswagen is possibly planning an entry level Vento CNG for the metros.
The country's second-biggest bike maker Bajaj Auto today said it will launch CNG
Delhi's air quality deteriorated significantly on Monday, with areas like Dwarka, Mundka and Najafgarh recording an AQI of 500, the worst this season. The city's overall AQI reached 491, triggering the implementation of the Graded Response Action Plan (GRAP) Stage-IV restrictions in Delhi-NCR. Doctors warned of health risks, urging people to wear N95 masks and avoid outdoor activities. The Supreme Court questioned the Delhi government on its anti-pollution measures and warned against scaling down preventive measures without its permission. Delhi Chief Minister Atishi accused the BJP-led central government of political maneuvering while neglecting stubble burning in states it governs. Meanwhile, the city enforced stricter pollution control measures, including a ban on truck entry and suspension of construction activities. Air purifier sales surged, reflecting the public's concern over the severe air pollution.
The country's largest carmaker, Maruti Suzuki, on Monday said it has stopped working on LPG models as it will roll out CNG variants of the entire range of its cars from early 2010, the first of which could be its highest selling model Alto.
The BJP has released a video of Arvind Kejriwal's previous residence, calling it a "Sheeshmahal" and accusing him of corruption. The AAP has countered, accusing the BJP of running a "smear campaign" to distract from Delhi's worsening law and order situation. The controversy comes ahead of the Delhi Assembly elections.
Informing this in the Lok Sabha on Thursday, minister of state for railways K H Muniyappa said trials have been completed on trains and one power car of DMU train has been converted to run on duel fuel mode using CNG and diesel. Earlier, trial run has also been carried out successfully by Northern Railway on engines hauling local trains.
The price of Compressed Natural Gas (CNG) may be hiked by up to Rs 2 per kg in the next few days as rupee devaluation has pushed up input cost.
'The pollution has increased. We are facing breathing problems and irritation in the eyes'
TVS Motors is exploring LPG and CNG enabled two wheelers. It is also ready to launch electric scooters.
The alternative fuel fever has caught up with Chennai-based TVS Motor Company, synonymous with 'TVS Scooty'. Having entered the electric scooter segment, the company is exploring LPG and CNG two wheelers.
The Ministry recently issued an order saying 'no authorisation from Petroleum and Natural Gas Regulatory Board is required for setting up of a CNG station.' PNGRB has been since 2009 issuing licences to entities for city gas distribution networks, essentially for retailing compressed natural gas to automobiles and piped cooking gas (piped natural gas or PNG) to households.
The car gives a mileage of 24 km per kg of CNG.
"We will launch the CNG variant of the Palio by early next year," Fiat India President and CEO Rajeev Kapoor told PTI on Wednesday. The car is currently available in both petrol and diesel variants. The company has also planned a slew of car launches in the next 12 months starting with the introduction of '500' next month.
Thermax reported 13 per cent Y-o-Y revenue growth with operating profit margin decline in Q1FY25. It took a hit of Rs 70 crore on specific projects. The company enjoys a strong order pipeline across sectors like power, steel, refining and petrochemicals.
An AQI of 400 or higher is deemed 'severe' and it can have an adverse effect on both healthy individuals and people who already have medical conditions.
Auto majors report positive sales figs for November.
It will be the first company to come out with factory-fitted CNG cars.
The government on Thursday hiked by 62 per cent the price of natural gas that is used to produce electricity, make fertilisers and turned into CNG to use as fuel in automobiles and cooking gas for household kitchens. This is the first increase in rates since April 2019 and comes on back of firming benchmark international prices but does not reflect the spurt in spot or current price of liquefied natural gas (LNG) witnessed during the last couple of weeks. The oil ministry's Petroleum Planning and Analysis Cell (PPAC) said the rates paid for gas produced from fields given to state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) will be $2.90 per million British thermal unit for the six-month period beginning April 1.
Curbs under Stage III include a ban on non-essential construction and demolition, closure of stone crushers and mining activities in Delhi-National Capital Region (NCR).
