India’s CNG and LPG Vehicle Market size were valued at 863.22 thousand units. In 2021 and the total revenue is expected to grow at 6.82% of CAGR from 2022 to 2029, reaching nearly 1463.46 thousand units.
India’s CNG and LPG Vehicle Market Report Overview
According to the research, the India’s CNG and LPG Vehicle Market is expected to grow at a rapid pace during the forecast period. The report provides a comprehensive analysis of the India’s CNG and LPG Vehicle industry, shedding light on its structure.
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India’s CNG and LPG Vehicle Market Report Scope and Research Methodology
The India’s CNG and LPG Vehicle market report was developed using primary and secondary research methods. The primary research involved surveys and interviews with industry experts, while the secondary research involved collecting data from industry publications, government reports, and other sources.
The report provides a region-wise, segment-wise, and sub-segment-wise analysis of the India’s CNG and LPG Vehicle market dynamics, market size, market share, and key players. It also includes a list of India’s CNG and LPG Vehicle key competitors in the industry, along with their revenue, financial status, product portfolio, investments, mergers, acquisitions, and joint ventures. SWOT analysis was used to identify the strengths and weaknesses of the key players, as well as the opportunities and threats facing the India’s CNG and LPG Vehicle industry. The bottom-up approach was used to estimate the India’s CNG and LPG Vehicle market size.
India’s CNG and LPG Vehicle Market Dynamics
The government has recommended modifying the replacement of diesel engines with CNG and LPG engines in Bharat Stage, BS-VI vehicles weighing less than 3.5 tonnes. As of today, installing CNG and LPG kits into vehicles is permitted under the BS-IV emission standard.
The Ministry of Road Transport and Highways has established the type approval standards for upgrading. According to the Ministry, this was created in collaboration with stakeholders. CNG is an environmentally friendly fuel that emits less carbon monoxide, hydrocarbon, particulate matter, and smoke than gasoline and diesel engines, helping to boost the market growth.
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The report includes a detailed analysis of several key countries that are:
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC)
- South America (Brazil)
- The Middle East and Africa
India’s CNG and LPG Vehicle Market Segmentation
by Vehicle Type
1. Passenger Vehicle
2. Commercial Vehicle
by Fuel Type
1. CNG
2. LPG
by Kit Type
1. Venturi
2. Sequential
3. retro fitment
India’s CNG and LPG Vehicle Key Players
1. Maruti India Ltd.
2. Toyota Motors
3. Hyundai Motors India Ltd.
4. Tata Motors Ltd.
5. General Motors
6. Hindustan Motors Ltd.
7. FIAT Motors
8. Ford India
9. Honda
10. Mahindra
11. Skoda
12. Audi
13. Nissan
14. Volkswagen
15. Mercedes-Benz
16. Ashok Leyland
17. Swaraj Mazda
18. Eicher.
19. Force Motors
20. Volvo
21. Mahindra Navistar
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Key Questions answered in the India’s CNG and LPG Vehicle Market Report are:
- What was the India’s CNG and LPG Vehicle Market size in 2022?
- What is the expected India’s CNG and LPG Vehicle market size by 2029?
- What will be the CAGR of the India’s CNG and LPG Vehicle market during the forecast period?
- Which region held the largest market share in the India’s CNG and LPG Vehicle Market?
- Which company held the largest share in the India’s CNG and LPG Vehicle market?
- What key trends are likely to emerge in the India’s CNG and LPG Vehicle market in the coming years?
- Who are the India’s CNG and LPG Vehicle key players in the India’s CNG and LPG Vehicle industry?
Key offerings:
- Market Overview
- Market Share
- Market Size
- Forecast |2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape - Leading key players and other prominent key players.
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