After the government has announced its decision to deregulate the fuel prices in the country, several auto majors in the country have now started to move towards alternate fuels to generate the future growth.

In fact, many of the leading automobile players in the country are chalking out plans to strap more of their models with CNG and LPG variants.

Besides the fact that the LPG & CNG variants are very low on the running cost of the products, the fact that it will become all the more lucrative once the diesel prices will depend of the free market movement.

It has been learned that companies like Maruti Suzuki, Toyota, GM and Hyundai are working on expanding their portfolios in the CNG & LPG offerings. While many of them already have models in the LPG & CNG variants under their portfolio, but the expanding focus will lead to the launch of several more products under the segment.

According to the industry estimates, the per km cost on petrol is about Rs 3.44, it is Rs 2.35 on diesel, Rs 2.23 on petrol-LPG and Rs 1.31 on petrol-CNG.