Indian car buyers step on the gas: Pickup in CNG sales fastest in 2024

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Indian car buyers step on the gas: Pickup in CNG sales fastest in 2024 - Business Standard

Quick Summary:

The increase in CNG vehicle sales is partly attributed to better fuelling infrastructure, with the number of stations growing from 3,180 in June 2021 to 6,959 in June 2024.

He attributed this shift to evolving consumer preferences and market realities.“CNG’s affordability and practicality make it especially popular in the taxi and small business segments, while hybrids are gaining ground among those seeking a balance between performance and efficiency.

One in every three cars produced by the country’s largest automaker, Maruti Suzuki India (MSIL), is now a CNG model, with CNG penetration in the company’s overall portfolio having reached 34 per cent as of August.