India: NCR to add 29 CNG fueling points by mid-2012

According to Reddy, in July 2008 it was announced that IGL would establish additional 50 CNG stations before the Commonwealth Games 2010 in Delhi and NCR. “During the period July 2008 and October 2010, that is prior to the Commonwealth Games, IGL set up 88 additional CNG stations in Delhi and NCR,” Reddy recalled, as published by The Economic Times.

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.