CNG penetration higher in rural markets: Hyundai
CNG car penetration grew from 8.8% in FY22 to 10.7% in FY24 in urban markets, and from 7.1% in FY22 to 12.0% in FY24 in rural markets, says Hyundai Motor India.
CNG car penetration grew from 8.8% in FY22 to 10.7% in FY24 in urban markets, and from 7.1% in FY22 to 12.0% in FY24 in rural markets, says Hyundai Motor India.
Puts Europe at the centre of plans to take the company into higher margin categories.
TVS Motor MD Sudarshan Venu says the company will explore CNG two-wheelers as well.
Nissan will launch its first battery-electric vehicle in the Indian market by 2026.
TVS already makes CNG-powered autorickshaws. Bajaj Auto has sold 8,740 CNG motorbikes since launch in July.
Tata Motors expects CNG vehicle sales to grow faster than electric vehicles. CNG-powered vehicles accounted for 16% of Tata Motors' sales in FY24.
The top 5 markets for CNG cars are Maharashtra, Gujarat, Uttar Pradesh, Haryana and Delhi, contributing nearly 70% to total CNG sales.
RC Bhargava says Maruti Suzuki awaits a policy framework that would lead to the promotion of all technologies.
"The favour that Hero Honda did to us in 1993, 30 years later we want to return the favour to Hero Honda," says Bajaj Auto managing director Rajiv Bajaj.
Despite the government pouring so much money into electric vehicle subsidies, there is only 5% EV penetration in two-wheelers, says Bajaj Auto MD Rajiv Bajaj