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CNG vehicle sales to reach 1.1 million in FY25: Crisil
The Business Guardian
|February 21, 2025
The domestic sales of compressed natural gas (CNG) vehicles in India are expected to reach 1.1 million units by the end of this fiscal year, driven by the government's push for cleaner fuels and the expansion of CNG infrastructure, according to a Crisil report.
This will take the CNG vehicle count in India to 7.5 million, a 3x increase from 2.6 million in fiscal 2016, and translating into a compound annual growth rate (CAGR) of 12 per cent.
The rapid growth in CNG adoption has been supported by a significant expansion of filling stations across India.
The number of CNG stations is projected to exceed 7,400 by fiscal 2025, up from just 1,081 in fiscal 2016, registering a CAGR of ~24 per cent.
This expansion has contributed to reducing congestion at filling stations, enhancing the overall customer experience and improving the operational efficiency of city gas distribution (CGD) networks.
Esta historia es de la edición February 21, 2025 de The Business Guardian.
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