About a fifth of the total passenger vehicle (PV) sales in India now consist of cleaner fuel or electric options.
The share of battery electric vehicles (BEVS), hybrid EVs, plug-in hybrids, and compressed natural gas (CNG) vehicles touched 19.23 per cent of overall PV sales in 2023-24, up from a mere 9.29 per cent in FY22, according to data from JATO Dynamics.
In comparison, the share of both petrol and diesel internal combustion engines has declined. While the share of diesel is down from 18.83 per cent in FY22 to 17.79 per cent in FY24, that of petrol ICE vehicles has fallen to 62.98 per cent in FY24 from 71.88 per cent in FY22. The share of hybrids has doubled from FY23 (1.06 per cent) to FY24 (2.15 per cent).
Auto original equipment manufacturers (OEMs) have focused on launching CNG variants of their popular models to meet consumer demand for vehicles with lower running costs. For example, last year several popular models saw their CNG avatars making their debut: Maruti Suzuki Brezza CNG (2023), Tata Punch CNG (2023), Maruti Suzuki Grand Vitara CNG (2023), Tata Altroz CNG (2023).
According to market buzz, CNG variants of the Tata Nexon and the Kia Sonet are also expected.
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