CNG Cars to Drive CNG Vehicles Market Future Growth

Press release   •   Dec 30, 2011 12:16 IST

In the Indian CNG vehicles market, CNG car is the fastest growing segment, thanks to the increasing prices of petrol and diesel. Their sales will grow further, with several car manufacturers launching bi-fuel cars in the Indian car market. According to “India CNG Vehicle Market Analysis” by RNCOS, the sales of CNG cars and taxis are anticipated to reach 183,500 units by FY 2014, growing at a CAGR of around 28% during FY 2011- FY 2014.

The demand for CNG vehicles has been witnessing a rapid growth for the last few years, owing to the inherent advantage of lower running cost. The fuel has gained importance due to the benefits it provides over other fuels. The CNG kit market is majorly concentrated around the aftermarket conversion and shift towards CNG kit as the Indians give more importance to running cost of vehicles.

The report provides an extensive research and detailed analysis of the current status and expected position of the CNG vehicle market in India. It not only facilitates the forecasts for CNG-powered cars, three-wheeler, light commercial vehicles and buses for the period 2011-2014, but also analyzes the CNG kit market. The recent developments of the market have also been included in the report to provide a balanced outlook on the potentials of the Indian CNG-powered vehicles industry.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM359.htm

Some of our Related Reports are:

- Two-wheeler Market in India
- Used Car Market in India
- Indian Tyre Industry Analysis
- Vietnam Automobile Forecast 2014
- Turkey Automobile Sector Forecast 2014

Check Related REPORTS on: http://www.rncos.com/Transportation.htm


RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.