Rising Government Concern Taking CNG Refueling Stations Number Up in India

Increasing numbers of air pollutants in India are resulting in the growth of the market for CNG vehicles, says RNCOS latest research report.

Noida, India (prHWY.com) March 1, 2012 - For the last few years, the demand for CNG vehicles has been experiencing a rapid growth. According to "India CNG Vehicle Market Analysis", a new research report by RNCOS, the CNG refueling stations are increasing in numbers in the country, with state governments focusing more on safe and clean fuel policy. As per the latest data, Gujarat has the highest number of CNG stations in the country, followed by Delhi. The Ministry of Petroleum and Natural Gas has already chalked out several ambitious plans to set up CNG stations across the country. On the back of such developments, the number of CNG stations is likely to rise at a CAGR of around 19% from FY 2011 to FY 2014.

The comprehensive study on the Indian CNG vehicle market provides an extensive research and detailed analysis of the current status and expected position of the industry in India. It observed that the demand for CNG vehicles has been increasing in the country due to the fuel's inherent advantage of low running costs. The CNG has gained significance as it has environmental and health benefits over other fuels. The country's CNG vehicle market is dominated by the three-wheeler segment. The automobile is considered as the most efficient mode of public transportation in metropolitan cities.

The report presents forecasts for CNG-powered cars, three-wheelers, light commercial vehicles and buses for the period 2011-2014. It also includes the state-level analysis for CNG vehicles as well as CNG refueling stations. The research studies in detail the CNG kit market, which was worth around INR 13 Billion in FY 2010. The analysis of the CNG kit market and the recent industry developments have been included in the study to provide a balanced outlook on the potentials of the Indian CNG-powered vehicle market.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM359.htm

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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: cng kit market in india, cng kit suppliers

Categories: Business

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