The Rising Demand For CNG Vehicles In Indian Market
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Tata Motors, the largest automotive group in India in terms of revenue, aims to increase the share of compressed natural gas (CNG) vehicles in its overall sales for the fiscal year 2023-24. The company has witnessed strong customer demand for CNG vehicles following the rationalization of natural gas prices by the government. With the recent introduction of the CNG variant of the Altroz small car and the launch of new models in this segment, Tata Motors expects the contribution of CNG vehicles to its sales to reach 10-12% in the current fiscal year, up from 6% in the previous year. Keep Reading