Today's KNOWLEDGE Share : The Natural Gas vehicle market in India

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Today's KNOWLEDGE Share

The Natural Gas vehicle market in India

The natural gas vehicle segment reached 30 million vehicles in 2024 and it seems to be moving ahead of witnessing many CNG variants in the global market in the next 3 years. Asia Pacific is leading with 21 million Natural Gas Vehicles(NGV) followed by Latin America with 6 million NGV’s and Europe with 2 million and North America NGV fill the spots respectively.


The Natural Gas Vehicle market has witnessed continuous improvements in various parts designs, processes and is also imposed by stringent regulations throughout all geographical regions in the global market. The natural gas industry will grow along with the Hydrogen market in the forthcoming years and CNG fuel stations will be available in all Indian cities with its matured technology in all segments.


As far as the Indian NGV market is concerned, the market is driving with opening up new CNG stations in various parts of the country. The infrastructure for the transportation of CNG is in the fast phase with a lot of projects in India in recent years. Maruti Suzuki has a stronghold in the NGV market with its variants like Celerio,Dzire, Brezza, Baleno,Tata Nexon/Punch,Suzuki Eeco, Ertiga,Grand Vitara,Toyota's Urban Cruiser Taisor, Hyundai Grand I10 Nios,Aura etc. Maruti Suzuki has witnessed 15% CAGR for the past 5 consecutive years in the Indian market.


Muthruamalingam Krishnan


#cng #NGV #composites #type4cylinders

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