It is worth mentioning that RNCOS, which is a market research and information analysis company, has recently released a report entitled “India CNG Vehicle Market Analysis”, in which it is said that the CNG kit market is likely to grow further at a CAGR of around 22% during 2011-2014.
Some of the key highlights of the report are as follows:
– CNG cars have been witnessing an incremental growth for the last few years, and this stupendous increase in the sales is expected to continue in future.
– Increasing number of pollutants in air is facilitating the growth of CNG as fuel in vehicle.
– In FY 2010, Delhi was leading with respect to the number of CNG stations. Uttar Pradesh registered the strongest growth with 100% increase in the number of CNG stations.
– The CNG programs of Delhi and Mumbai are the oldest and well-established programs in India.