India CNG and LPG Vehicles Market was valued US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2026, at a 10% CAGR of around during a forecast period.
Increasing importance of clean economy and balance of the ecosystem is accompanied by governmental protocols, and is driving the India’s CNG and LPG vehicles market. Along with environmental concerns, the cost saving factor compare to conventional fuel will also subsidize to the CNG and LPG vehicle market. According to the estimates there are 7 lakh natural gas vehicles in the country. This is expected to increase to 58 lakh by 2026.
CNG vehicles dominated the market.
India could have 10 million CNG vehicles on roads by 2026. Running cost per kilometre of CNG is Rs 2.15, which is the lowest among all fuel. CNG is the smart and affordable choice for vehicles fuel, transit buses, school buses, waste disposal trucks, delivery vehicles, and more. CNG saves money on fuel, reduce emission levels, and extend the life of your vehicle.
Passenger cars is the leading segment in the India CNG and LPG Vehicles Market.
India’s leading carmaker is more excited about natural gas than electric vehicles. Domestic LPG and mandate all the government vehicles and commercial vehicles into gaseous fuels. Demand for passenger cars is growing triggered by an increase in per capita income and demand for luxury.
This report includes a study of marketing and development strategies, along with the Fuel portfolios of leading companies. It includes the profiles of leading manufacturers such as Fiat S.P.A, Ford Motor Company, Volkswagen, General Motors, Honda Motor Co. Ltd., Hyundai Motor Group and Suzuki Motor Corporation.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the India CNG and LPG Vehicles Market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the India CNG and LPG Vehicles Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain India CNG and LPG Vehicles Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “India LPG and CNG Vehicle Market”.
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