The Indian automotive landscape is witnessing a significant surge in demand for CNG-powered vehicles. This is evident in the impressive 49% year-on-year growth in CNG passenger vehicle sales during the first half of 2024.
CNG Sales by Segment
| Category | H1 2024 | H1 2023 | Change (%) |
|---|---|---|---|
| Passenger vehicles | 2,42,289 | 1,62,585 | 49 |
| Three-wheelers | 1,73,480 | 1,56,961 | 11 |
| Goods carriers | 43,889 | 40,630 | 8 |
| Buses and vans | 90,308 | 52,725 | 71 |
| Others | 2,104 | 1,465 | 44 |
| TOTAL | 5,52,070 | 4,14,366 | 33 |
CNG-powered passenger vehicles (cars, SUVs, and MPVs) account for the lion’s share of the CNG market, contributing to 44% of total CNG sales.
CNG Sales by Carmaker
| Manufacturer | H1 2024 | H1 2023 | Change (%) |
|---|---|---|---|
| Maruti Suzuki | 1,59,031 | 1,18,903 | 34 |
| Tata | 54,545 | 16,940 | 222 |
| Hyundai | 24,427 | 23,348 | 5 |
| Toyota | 4,009 | 2,852 | 41 |
| TOTAL | 2,42,012 | 1,62,043 | 49 |
Maruti Suzuki dominates the CNG market with a 66% market share, followed by Tata Motors at 22.51%. Hyundai and Toyota contribute to the remaining share.
Maruti Suzuki: The CNG Market Leader
Maruti Suzuki’s extensive product lineup, including popular models like the Alto, Wagon R, Swift, Dzire, Brezza, and Ertiga in CNG variants, has been instrumental in its market dominance. The company’s strong distribution network and after-sales service further solidify its position.
Tata Motors: Rapid Growth
Tata Motors has witnessed phenomenal growth in the CNG segment, primarily driven by the success of the Tiago, Tigor, and Punch CNG models. The company’s focus on affordable yet feature-rich offerings has resonated well with the Indian consumer.
Hyundai and Toyota: Expanding Presence
Hyundai and Toyota have expanded their CNG offerings with models like the Aura, Grand i10 Nios, Exter, Glanza, Urban Cruiser Hyryder, and Rumion. While their market share is relatively smaller compared to Maruti Suzuki and Tata Motors, they have contributed to the overall growth of the CNG segment.
Key Drivers of CNG Growth
Several factors have contributed to the surge in CNG vehicle sales:
- Rising fuel prices: The increasing cost of petrol and diesel has made CNG a more economical option for consumers.
- Government support: Government initiatives promoting CNG as a cleaner alternative have also boosted demand.
- Expanded model lineup: The availability of CNG variants across various segments has widened the customer base.
- Improved technology: Advancements in CNG technology have led to better performance and fuel efficiency.
The CNG market in India is poised for further growth as infrastructure improves and more automakers introduce CNG-powered models.