The demand for NGVs has been witnessing a rapid growth for the last few years, owing to the inherent advantage of lower running cost. In addition to increasing prices of petrol and diesel, awareness about environmental safety will also drive the CNG vehicles market future expansion, which will be dominated by car segment, says RNCOS latest report.
The document 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, but also for three-wheeler, light commercial vehicles and buses for the period 2011-2014.
Moreover, it analyzes the CNG kit market. This segment is majorly concentrated around the aftermarket conversion and shift towards CNG kit as the Indians give more importance to running cost of vehicles. yves bouvier
Source: RNCOS.
