Petrol’s loss is CNG, hybrid and EV’s gain as PV market shifts in India
The Indian passenger vehicle market is shifting as petrol vehicles' share fell from 45.95% in April to 41.27% in September. In contrast, CNG, hybrid, and electric vehicles increased their market share from 36.66% to 41%. This trend indicates a growing consumer preference for alternative-fuel vehicles, with petrol registrations still rising by 4% in July despite the overall market growth of 19%.