India's alternative-fuel cars close in on petrol as E20 uncertainty grows
Alternative-fuel passenger vehicles took 40.59% of July sales, just 1.09 points behind petrol models, as E20 fuel worries shifted buyers.
- Sales of alternative-fuel passenger vehicles, including CNG, hybrid, and EVs, reached 40.59% of total sales in July, coming within "striking distance" of petrol-powered models at 41.68%, according to the Federation of Automobile Dealers Associations .
- Consumer uncertainty over India's transition to E20 petrol is pushing some buyers toward alternative fuels, as the blend contains 20% ethanol and raises concerns about mileage and engine performance in older vehicles.
- Sai Giridhar, vice president of FADA, reported that petrol-powered share of passenger vehicle sales fell to about 41% from 47.6% a year earlier, while CNG's share rose to about 24% and EVs reached nearly 8% of total sales.
- Overall passenger vehicle retail sales rose 19.1% year-on-year to 416,555 units in July, marking the 12th-highest retail month of the 151 months since Jan14, reflecting structural depth of the India Growth Story.
- Dealer confidence for the August-September-October period is the strongest on record, with 87.85% of dealers expecting growth, supported by GST 2.0-led affordability and favourable festival timing.
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India's alternative-fuel cars close in on petrol as E20 uncertainty grows
Alternative fuels now within striking distance of petrol in passenger vehicle market, says FADA
Alternative fuels are closing in on petrol's share in India's vehicle market. CNG leads the alternative fuel segment, followed by hybrids and electric vehicles. This shift indicates a rapid change in the fuel mix for vehicles. The Federation of Automobile Dealers Associations released this retail data for July. The gap between alternative fuels and petrol has significantly narrowed.
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