CNG लें, या अब नहीं, क्योंकि अब CNG... The world of CNG (Compressed Natural Gas) vehicles in India and explore the current trends and future prospects.
Market Overview:
The India CNG Vehicles Market is segmented primarily by vehicle type, focusing on commercial vehicles.
As of 2024, the market size for CNG vehicles in India stands at USD 9.37 billion and is projected to reach USD 13.95 billion by 2030, growing at a CAGR of 6.87% during this period1.
Light commercial pick-up trucks dominate the market, accounting for 41.02% of the value share in 2023. These trucks are gaining popularity due to lower fuel costs, reduced emissions, and government incentives promoting CNG adoption1.
Key Players:
Maruti Suzuki India Limited holds the largest market share (69.72%) in the India CNG vehicle market. Their domestic production, variety of economical CNG vehicles, good after-sale services, and affordable parts contribute to their leadership position.
Tata Motors Limited follows with a 15.99% market share. Tata offers CNG vehicle models at reasonable costs and has a widespread after-sales service network.
Hyundai Motor India Limited holds a 12.50% market share, thanks to popular CNG models, a strong brand reputation, and an extensive dealership network supporting cleaner fuel options1.
Future Trends:
While CNG cars currently account for around 11% of the Indian passenger vehicle market, industry experts predict that this share will grow to approximately 17% by 2030. However, beyond that, electric and hybrid cars are expected to compete with CNG vehicles.
Several upcoming cars in 2023 will be equipped with factory-fitted CNG kits, making them more affordable and easier to maintain compared to traditional internal combustion engine (ICE) cars3.
Government Support:
The Indian government is actively promoting CNG vehicles as a cost-effective and cleaner alternative to traditional fuels. Suitable policies and increased demand are driving the growth of the CNG market in India4.
In summary, CNG vehicles are gaining traction in India, especially in the commercial segment. As the country continues its transition toward cleaner fuels, CNG remains a viable option, although electric and hybrid vehicles are likely to play a more significant role in the future.
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CNG Podcast with the car guide Rishabh Arora
Timeline
00:00 Intro
01:02 CNG Journey
02:49 CNG Cost
03:59 Talk about Diesel
04:07 Talk about CNG Running
08:29 CNG Banned in India?
10:20 Should i take CNG?
11:55 CNG & Ev
19:17 CNG Pro's & cons
22:02 Maintinens
22:49 Conclusion
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Amit Khare from Ask CARGURU was Listed as India's top Influencer for 2018 & 2019, India's Largest and fastest-growing Most Consumer-friendly Indian Automobile Hindi Channel on KZfaq.
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