While petrol is still around Rs 18 dearer than diesel, a petrol vehicle is cheaper than a diesel vehicle. Even after accounting for the higher mileage of diesel, the breakeven time for a diesel car owner has got longer. In other words, he has to clock more miles before the benefits of lower fuel prices can start kicking in.
Fewer buyers are opting for diesel cars because of rising diesel price, which in turn had led to narrowing of differential with the cost of petrol. According to a report in the Business Line, diesel cars accounted for 33 percent of Maruti's total sales for the October-December quarter, compared with 40 percent in the year-ago period. Similarly, the diesel version of Honda's compact sedan Amaze accounted for over 80 percent of sales at the time of its launch. That has now come down to 60 percent, says the report, adding that a similar trend was seen at Tata Motors too, which recently.
The difference in prices between diesel and petrol was its widest in 2012-13, as prices of petrol kept rising, while that of diesel remained steady. However, the tide turned from July last year after the government allowed oil marketing companies to hike diesel prices every month.
While petrol is still around Rs 18 dearer than diesel, a petrol vehicle is cheaper than a diesel vehicle. Even after accounting for the higher mileage of diesel, the breakeven time for a diesel car owner has got longer. In other words, he has to clock more miles before the benefits of lower fuel prices can start kicking in.
Diesel cars losing appeal as fuel prices climb: Report
Tata Motors stock price
On February 24, 2014, Tata Motors closed at Rs 396.60, up Rs 0.65, or 0.16 percent. The 52-week high of the share was Rs 405.00 and the 52-week low was Rs 252.10.
The company's trailing 12-month (TTM) EPS was at Rs 2.61 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 151.95. The latest book value of the company is Rs 59.47 per share. At current value, the price-to-book value of the company is 6.67.
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