Market Share of CNG LPG Vehicle Industry
The CNG and LPG vehicle market is highly fragmented and dominated by several global and local players. Some of the major players are Hyundai Motor Company, Suzuki Motor Corporation, Nissan Motor Co. Ltd, Volkswagen AG, and Honda Motor Company. The major companies are launching new products and forming joint ventures to cement their market position. For instance,
- In August 2022, Scania, a brand of Traton SE, the Volkswagen Group commercial vehicle division, delivered the country's first dedicated natural gas truck to BridCam Distributors in Gauteng, South Africa.
- In January 2022, Iveco Bus partnered with SOTRA in Ivory Coast, Africa, to start the local assembly of CNG-powered Iveco Daily Minibus.
- In January 2022, Eicher (VECV) showcased CNG variants of its 4.9 and 5.9-metric-ton trucks, typically used in last-mile delivery operations by fleet owners. While these are the lightest payload trucks VECV offers, the automaker plans to bring in CNG trucks with higher payloads as the footprint of CNG stations is likely to increase in the coming years.
CNG LPG Vehicle Market Leaders
Hyundai Motor Company
Suzuki Motor Corporation
Nissan Motor Co., Ltd.
Volkswagen AG
Honda Motor Company
*Disclaimer: Major Players sorted in no particular order
