Hyundai Motor India Ltd. noticed the contribution of its CNG fashions to total gross sales rise to the best in October however that also lagged rivals Maruti Suzuki India Ltd. and Tata Motors Ltd.
About 14.9% of Hyundai India’s volumes within the festive month had been powered by compressed pure gasoline, in keeping with the corporate. That compares with 28% CNG penetration for Maruti Suzuki and 21% for Tata Motors. In Fiscal 2025 up to now, Hyundai India’s CNG penetration stands at 12.8. It was 11.4% in FY24 and 9.1% in FY22.
“The shopper desires ‘area bhi, mileage bhi’, and we’re positioned very effectively to handle that,” Tarun Garg, chief working officer at India’s second largest carmaker, informed NDTV Revenue throughout an interplay on Tuesday. “India has greater than 7,000 CNG stations and the goal is to have 17,500 by 2030…which can additional gasoline CNG demand.”
Adoption of CNG automobiles is seen as essential in India—at 36 automobiles per 1,000 individuals, the world’s third largest automotive market has among the many lowest automobile penetrations globally. 55-60% of shoppers are first-time patrons, who as a rule go for hatchbacks and compact SUVs, the place CNG is obtainable as a substitute for petrol.
“CNG will play a vital function right here within the adoption of compact automobiles, till we have now a frugal hybrid system or one thing like battery-as-a-service in place,” Puneet Gupta, director – India & Asean at S&P World Mobility, informed NDTV Revenue. Gupta sees one in 5 automobiles in India to be gas-powered by the tip of this decade, up from 14-15% at current.