PRLog - Apr. 30, 2014 - NOIDA, India -- Ever rising prices of petrol and diesel have given way to alternative fuels, such as CNG which has emerged as a popular fuel for private car owners and commercial fleet owners. Due to key benefits entailed with CNG fuel, such as low running cost and eco-friendly advantage, the number of CNG cars has surged at a rapid pace in the cities having CNG stations.
RNCOS’ latest research titled “India CNG Passenger Car Market Outlook 2018”, predicts that the OEM sales of CNG cars and aftermarket CNG kits for passenger cars will grow at a stupendous pace in the next five years, owing to growing CNG infrastructure in tier I and II cities, dual fuel options available in passenger cars, and above all, cost-effectiveness offered by CNG fuel.
The research report describes the CNG car market performance in India. Current and future landscape of OEM sales of CNG cars and aftermarket fitment of CNG kits in passenger cars have been presented for key states with CNG infrastructure including Delhi-NCR, Maharashtra, Gujarat, Andhra Pradesh and Uttar Pradesh. Collective analysis of other states including Tripura, Madhya Pradesh, Rajasthan and Haryana describes the current and potential market in these regions.
Besides, detailed description of current and future outlook of CNG stations and pipeline network shall help strategists chalk out the right plans for expansion/entry into the potential markets. The research report presents a clear picture of the industry providing market trends, challenges, profiling of OEMs, their existing and upcoming CNG models and latest developments in the industry. The study also covers profiling of major CNG kit brands available in India.
We believe the research shall prove decisive for various stakeholders in the CNG car market in India.
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