11 lakh CNG vehicles expected to be sold in India this year
CNG vehicle sales in India are projected to reach 1.1 million units in FY25, driven by government initiatives, infrastructure expansion, and cost benefits, according to a Crisil report. The number of CNG stations is expected to exceed 7,400, supporting a 12% CAGR in vehicle adoption. However, challenges like rising gas sourcing costs and competition from EVs may impact long-term growth.