Mahanagar Gas shares rose 4% in intraday trade on the NSE on Friday, after the city gas distributor announced a ₹2 per kg price hike for compressed natural gas in Mumbai and nearby areas.
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.
