India CNG Vehicles Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The India CNG Vehicles Market is segmented by Vehicle Type ( Commercial Vehicles, Passenger Vehicles )

India CNG Vehicles Market Size

market-snapshot graph
https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2028
https://s3.mordorlabs.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Largest Share by Vehicle Type: Passenger Vehicles
https://s3.mordorlabs.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Fastest Growing by Vehicle Type: Passenger Vehicles
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 3.21 %

Major Players

major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

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India CNG Vehicles Market Analysis

The India CNG Vehicles Market is projected to register a CAGR of 3.21%

  • 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 Segmentation

Commercial Vehicles, Passenger Vehicles are covered as segments by Vehicle Type.
Vehicle Type
Commercial Vehicles
Light Commercial Vehicles
Light Commercial Pick-up Trucks
Light Commercial Vans
Trucks
Heavy-duty Commercial Trucks
Light Commercial Pick-up Trucks
Medium-duty Commercial Trucks
Passenger Vehicles
Passenger Cars

Report scope can be customized per your requirements. Click here.

India CNG Vehicles Market Trends

This section covers the major market trends shaping the India CNG Vehicles Market according to our research experts:

Passenger Vehicles is the largest segment by Vehicle Type.

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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).

India CNG Vehicles Market Leaders

  1. Hyundai Motor

  2. Mahindra & Mahindra

  3. Maruti Suzuki

  4. Tata Motors

  5. VE Commercial Motors

*Disclaimer: Major Players sorted in no particular order

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India CNG Vehicles Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1 Study Assumptions & Market Definition

    2. 3.2 Scope of the Study​

    3. 3.3 Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1 Population

    2. 4.2 GDP

    3. 4.3 CVP

    4. 4.4 Inflation Rate

    5. 4.5 Interest Rate For Auto Loans

    6. 4.6 Battery Price (per Kwh)

    7. 4.7 Electrification Impact

    8. 4.8 New XEV Models Announced

    9. 4.9 Charging Stations Deployment

    10. 4.10 Regulatory Framework

    11. 4.11 Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Vehicle Type

      1. 5.1.1 Commercial Vehicles

        1. 5.1.1.1 Light Commercial Vehicles

          1. 5.1.1.1.1 Light Commercial Pick-up Trucks

          2. 5.1.1.1.2 Light Commercial Vans

        2. 5.1.1.2 Trucks

          1. 5.1.1.2.1 Heavy-duty Commercial Trucks

          2. 5.1.1.2.2 Light Commercial Pick-up Trucks

          3. 5.1.1.2.3 Medium-duty Commercial Trucks

      2. 5.1.2 Passenger Vehicles

        1. 5.1.2.1 Passenger Cars

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Key Strategic Moves

    2. 6.2 Market Share Analysis

    3. 6.3 Company Landscape

    4. 6.4 Company Profiles

      1. 6.4.1 Ashok Leyland

      2. 6.4.2 Ford Motor Company

      3. 6.4.3 Honda Motor Co. Ltd.

      4. 6.4.4 Hyundai Motor

      5. 6.4.5 JBM Auto Ltd

      6. 6.4.6 Mahindra & Mahindra

      7. 6.4.7 Man SE

      8. 6.4.8 Maruti Suzuki

      9. 6.4.9 Tata Motors

      10. 6.4.10 VE Commercial Motors

  7. 7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  8. 8. APPENDIX

    1. 8.1 Global Overview

      1. 8.1.1 Overview

      2. 8.1.2 Porter’s Five Forces Framework

      3. 8.1.3 Global Value Chain Analysis

      4. 8.1.4 Market Dynamics (DROs)

    2. 8.2 Sources & References

    3. 8.3 List of Tables & Figures

    4. 8.4 Primary Insights

    5. 8.5 Data Pack

    6. 8.6 Glossary of Terms

List of Tables & Figures

    Figure 1:  

    INDIA CNG VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 2:  

    INDIA CNG VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 3:  

    INDIA CNG VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 4:  

    INDIA CNG VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 5:  

    INDIA CNG VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 6:  

    INDIA CNG VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 7:  

    INDIA CNG VEHICLES MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 8:  

    INDIA CNG VEHICLES MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026

    Figure 9:  

    INDIA CNG VEHICLES MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026

    Figure 10:  

    INDIA CNG VEHICLES MARKET, VOLUME IN UNITS, 2016 – 2026

    Figure 11:  

    INDIA CNG VEHICLES MARKET, VALUE IN USD, 2016 – 2026

    Figure 12:  

    INDIA CNG VEHICLES MARKET, BY VEHICLE TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 13:  

    INDIA CNG VEHICLES MARKET, BY VEHICLE TYPE, BY VALUE IN USD, 2016-2028

    Figure 14:  

    INDIA CNG VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2016 - 2028

    Figure 15:  

    INDIA CNG VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2016 - 2028

    Figure 16:  

    INDIA CNG VEHICLES MARKET, BY BODY TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 17:  

    INDIA CNG VEHICLES MARKET, BY BODY TYPE, BY VALUE IN USD, 2016-2028

    Figure 18:  

    INDIA CNG VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2016 - 2016

    Figure 19:  

    INDIA CNG VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2016 - 2016

    Figure 20:  

    INDIA CNG VEHICLES MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 21:  

    INDIA CNG VEHICLES MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028

    Figure 22:  

    INDIA CNG VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2016

    Figure 23:  

    INDIA CNG VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2016

    Figure 24:  

    INDIA CNG VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VOLUME IN UNITS, 2016-2028

    Figure 25:  

    INDIA CNG VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VALUE IN USD, 2016-2028

    Figure 26:  

    INDIA CNG VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 27:  

    INDIA CNG VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VOLUME IN UNITS, 2016-2028

    Figure 28:  

    INDIA CNG VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VALUE IN USD, 2016-2028

    Figure 29:  

    INDIA CNG VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 30:  

    INDIA CNG VEHICLES MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 31:  

    INDIA CNG VEHICLES MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028

    Figure 32:  

    INDIA CNG VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028

    Figure 33:  

    INDIA CNG VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028

    Figure 34:  

    INDIA CNG VEHICLES MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028

    Figure 35:  

    INDIA CNG VEHICLES MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028

    Figure 36:  

    INDIA CNG VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 37:  

    INDIA CNG VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VOLUME IN UNITS, 2016-2028

    Figure 38:  

    INDIA CNG VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VALUE IN USD, 2016-2028

    Figure 39:  

    INDIA CNG VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 40:  

    INDIA CNG VEHICLES MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028

    Figure 41:  

    INDIA CNG VEHICLES MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028

    Figure 42:  

    INDIA CNG VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 43:  

    INDIA CNG VEHICLES MARKET, BY BODY TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 44:  

    INDIA CNG VEHICLES MARKET, BY BODY TYPE, BY VALUE IN USD, 2016-2028

    Figure 45:  

    INDIA CNG VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2016 - 2028

    Figure 46:  

    INDIA CNG VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2016 - 2028

    Figure 47:  

    INDIA CNG VEHICLES MARKET, BY PASSENGER CARS, BY VOLUME IN UNITS, 2016-2028

    Figure 48:  

    INDIA CNG VEHICLES MARKET, BY PASSENGER CARS, BY VALUE IN USD, 2016-2028

    Figure 49:  

    INDIA CNG VEHICLES MARKET MARKET, SHARE(%), BY BODY TYPE, 2021 - 2028

    Figure 50:  

    INDIA CNG VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 51:  

    INDIA CNG VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 52:  

    INDIA CNG VEHICLES MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Market Definition

  • Body Type - It includes passenger cars, buses, light commercial vehicles, medium& heavy-duty vehicles, medium and heavy-duty buses, trucks, M&HDT.
  • Engine Type -
  • Fuel Type -
  • Sub Body Type -
  • Vehicle Type - It includes passenger vehicles and commercial vehicles.

For any queries related to market definition, click here to schedule a call with our analysts.

Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

For any queries related to research methodology, click here to schedule a call with our analysts.

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India CNG Vehicles Market Research FAQs

The India CNG Vehicles Market is studied from 2016 - 2028.

The India CNG Vehicles Market is growing at a CAGR of 3.21% over the next 5 years.

Passenger Vehicles is growing at the highest CAGR over 2016 - 2028.

Passenger Vehicles holds highest share in 2021.

Hyundai Motor, Mahindra & Mahindra, Maruti Suzuki, Tata Motors, VE Commercial Motors are the major companies operating in India CNG Vehicles Market.

India CNG Vehicles Industry Report

Statistics for the 2023 India CNG Vehicles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India CNG Vehicles analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.