Increasing fuel prices and awareness about environmental safety are driving the CNG vehicles market, which is being dominated by car segment, says RNCOS latest report.
Noida, UP -- (SBWIRE) -- 01/01/2012 -- In the Indian CNG vehicles market, CNG car is the fastest growing segment, thanks to the increasing prices of petrol and diesel. Their sales will grow further, with several car manufacturers launching bi-fuel cars in the Indian car market. According to “India CNG Vehicle Market Analysis” by RNCOS, the sales of CNG cars and taxis are anticipated to reach 183,500 units by FY 2014, growing at a CAGR of around 28% during FY 2011- FY 2014.
The demand for CNG vehicles has been witnessing a rapid growth for the last few years, owing to the inherent advantage of lower running cost.
The fuel has gained importance due to the benefits it provides over other fuels. The CNG kit market is majorly concentrated around the aftermarket conversion and shift towards CNG kit as the Indians give more importance to running cost of vehicles.
The report provides an extensive research and detailed analysis of the current status and expected position of the CNG vehicle market in India. It not only facilitates the forecasts for CNG-powered cars, three-wheeler, light commercial vehicles and buses for the period 2011-2014, but also analyzes the CNG kit market. The recent developments of the market have also been included in the report to provide a balanced outlook on the potentials of the Indian CNG-powered vehicles industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM359.htm
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Check Related REPORTS on: http://www.rncos.com/Transportation.htm
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