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Auto makers cheer petrol price cut; ask for more
The automobile industry today said the petrol price cut is a step in the positive direction for the sector that is struggling with a demand slump, but asked for more such moves to reduce the difference with diesel.
"It is a very good step for the auto industry. We need much more such steps to reduce the price differential between petrol and diesel," Society of Indian Automobile Manufacturers (SIAM) Senior Director Sugato Sen told.
Expressing similar sentiments, Honda Siel Cars India Senior Vice President (Sales and Marketing) Jnaneswar Sen said the move is in a positive direction.
"However, it is still not enough to have a level playing field between petrol and diesel vehicles as the gap in the prices between the two fuels is very high," he added.
A senior Maruti Suzuki India official said any reduction in fuel price is a positive development as it reduces the cost of running, leading to a positive sentiment in the market.