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CNG industry sales jump 38% to 940,000 units in first 11 months of FY2024 | Autocar Professional

Baua Electric

Demand for alternate fuels from vehicle buyers is growing and along with the transition to electric mobility, the CNG vehicle industry is currently witnessing strong double-digit growth. 2 player in this segment, has sold 20,372 units for a 6.23% market share. In the ongoing fiscal, Tata Motors is ahead of Hyundai Motor India.

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CNG car and SUV sales jump 29% in first 10 months of FY2024 | Autocar Professional

Baua Electric

India’s market for CNG-powered cars and SUVs expanded in August 2023 with the launch of the Tata Punch CNG compact SUV (Rs 710,000-Rs 968,000 ex-showroom), which was Tata Motors’ response to the introduction of the Hyundai Exter CNG compact SUV (Rs 824,000-Rs 897,000, ex-showroom). This gives Tata Motors an 18% market share.

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2024 Hyundai Creta LIVE Updates: The most-awaited mid-size SUV lands today

Baua Electric

Joining the family have been cars like Venue (first launched in May of 2019), Aura sedan (launched in January of 2020), Kona EV (launched in July of 2019), Ioniq 5 EV (launched in January of 2023) and Exter (launched in June of 2023). And this could be either because of marketing strategy or name trademark-related issues.

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Maruti, Hyundai, Tata, M&M and Toyota hit best-ever sales in FY24 | Autocar Professional

Baua Electric

This sub-segment has proven to be the bulwark of the PV industry and its sustained double-digit growth has helped buffer the sharp decline in mass-market entry-level cars and the slowdown in demand for other vehicle categories like hatchbacks and sedans. million units it sold in the domestic market in FY2023. million units.

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