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Hyundai Motor India bets on CNG vehicles, sees accelerated demand
South Korean automaker Hyundai sells many great vehicles in the Indian market. The company sells a large number of vehicles every month. But in the seven months of the current financial year, the company has achieved a new milestone. In which segment did the company sell the most during April to October 2024. Let's know.
Hyundai, the South Korean automaker is currently selling vehicles in many segments in the Indian market. Along with it, the company also offers vehicles with petrol, diesel, electric, and CNG technology. Know which technology vehicles the company sells the most between April and October 2024.
Hyundai Motor India Limited is raising bets on the CNG fuel option, because demand for sales of models equipped with this technology is increasing in the rural and urban markets of the country, according to the information given by a top company official.
Hyundai offers options for CNG in three models: Grand i10 Nios, Aura, and Exeter. Currently, CNG penetration in Grandi10 NIOS is 17.4%, while it is 39.7% for EXTER and 90.6% for AURA (as of October 2024). The contribution of CNG models in domestic sales increased to 11.4% in FY 2024 from 9.1% in FY 2022. Penetration of CNG models grew from 8.8% in FY22 to 10.7% in FY24 in Urban markets, and from 7.1% in FY22 to 12.0% in FY24 in rural markets. Penetration of CNG models stands at 12.3 % in Urban markets and 14.6% in Rural markets (as on October 2024).
