Market Size of india cng vehicles Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2029 |
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Market Size (2024) | USD 9.37 Billion |
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Market Size (2029) | USD 13.55 Billion |
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Largest Share by Vehicle Type | Passenger Vehicles |
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CAGR (2024 - 2029) | 7.66 % |
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Fastest Growing by Vehicle Type | Passenger Vehicles |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India CNG Vehicles Market Analysis
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).
- 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.
