In India’s metropolitan cities, automobiles have emerged as a critical source of air pollution. The rapid urbanization is adding to the problem with a tremendous increase in the number of motor vehicles. According to a new research report “India CNG Vehicle Market Analysis” by RNCOS, people are now more aware of their surroundings, and in an attempt to reduce air pollution, they are shifting preferences to CNG vehicles. The demand for CNG vehicles has been witnessing a rapid growth for the last few years, owing to the fuel’s inherent advantage in reducing pollution .
In the last one decade, the vehicle fleets have even doubled in some cities. The increasing number of air pollutants supports the growth of CNG as fuel in vehicle. Even the use of CNG-kits in vehicles has led to a considerable reduction in air pollution. According to the report, the CNG kit market is expected to witness a CAGR of around 22% during FY 2011 to FY 2014.
The report by RNCOS provides an extensive research and detailed analysis of the current status and expected position of the CNG vehicle market in India. It also facilitates the forecasts on CNG-powered cars, three-wheeler, light commercial vehicles and buses during 2011-2014. The analysis of the CNG kit market along with the recent developments has also been included in the study to present a balanced outlook on the potentials of the Indian CNG vehicle industry.
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