India CNG Vehicles - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2016 - 2029
The India CNG Vehicles Market size is estimated at USD 9.37 billion in 2024, and is expected to reach USD 13.55 billion by 2029, growing at a CAGR of 7.66% during the forecast period (2024-2029).
Key Highlights
- Fastest-growing Segment by Fuel Type - CNG : Less carbon emission, less price over petrol and diesel, and better fuel economy are making CNG the fastest-growing fuel type in passenger car sales in India.
- Largest Segment by Body Type - Heavy-duty Commercial Trucks : Hatchback CNG vehicles dominated the market primarily due to the launch of new models and the growing emphasis on the increased fuel efficiency and parking space.
India CNG Vehicles Industry Overview
The India CNG Vehicles Market is moderately consolidated, with the top five companies occupying 49.48%. The major players in this market are Hyundai Motor, Mahindra & Mahindra, Maruti Suzuki, Tata Motors and VE Commercial Motors (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
- 1 EXECUTIVE SUMMARY & KEY FINDINGS
- 2 REPORT OFFERS
- 3 INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
- 4 KEY INDUSTRY TRENDS
- 4.1 Population
- 4.2 GDP
- 4.3 CVP
- 4.4 Inflation Rate
- 4.5 Interest Rate For Auto Loans
- 4.6 Battery Price (per Kwh)
- 4.7 Electrification Impact
- 4.8 New XEV Models Announced
- 4.9 Charging Stations Deployment
- 4.10 Regulatory Framework
- 4.11 Value Chain & Distribution Channel Analysis
- 5 MARKET SEGMENTATION
- 5.1 Vehicle Type
- 5.1.1 Commercial Vehicles
- 5.1.1.1 Light Commercial Vehicles
- 5.1.1.1.1 Light Commercial Pick-up Trucks
- 5.1.1.1.2 Light Commercial Vans
- 5.1.1.2 Trucks
- 5.1.1.2.1 Heavy-duty Commercial Trucks
- 5.1.1.2.2 Light Commercial Pick-up Trucks
- 5.1.1.2.3 Medium-duty Commercial Trucks
- 5.1.2 Passenger Vehicles
- 5.1.2.1 Passenger Cars
- 6 COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
- 6.4 Company Profiles
- 6.4.1 Ashok Leyland
- 6.4.2 Ford Motor Company
- 6.4.3 Honda Motor Co. Ltd.
- 6.4.4 Hyundai Motor
- 6.4.5 JBM Auto Ltd
- 6.4.6 Mahindra & Mahindra
- 6.4.7 Man SE
- 6.4.8 Maruti Suzuki
- 6.4.9 Tata Motors
- 6.4.10 VE Commercial Motors
- 7 KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
- 8 APPENDIX
- 8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter's Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
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