Hyundai Motor India plans to bet on CNG vehicles – Hyundai Motor India Limited (HMIL) has bet on its CNG vehicles and said that the demand for CNG options is expected to increase in the rural and urban markets of the country. HMIL officials said that the share of the company’s CNG model in sales has increased to 11.4 percent in the financial year 2023-24. The company has introduced Hi-CNG Duo in the Xter and Grand i10 Neos models which meets the demands of the customers. With this, the company aims to achieve the highest CNG penetration in CNG models by 2024. He also announced to provide three years warranty for the customers associated with it.
HMIL said that it has seen an increase in the penetration of CNG models in urban and rural markets, with further growth expected in the future. Also, HMIL representatives said that the company is witnessing a huge jump in unit sales of its CNG systems. Along with this, he said that currently there are more than 7,000 CNG stations in India and the target is to increase this figure to around 17,500 by 2030. A company official said that the demand for CNG options is being identified for safe and high mileage vehicles and the company is working to promote its configuration. Ultimately, HMIL showed through the data that the popularity of their CNG models is increasing visibly in sales and it is ready to guarantee high duo quality and CNG penetration to customers.
The ‘Hi-CNG Duo’ is also equipped with an integrated ECU for fast and seamless switching between petrol and CNG fuel options. In October this year, HMIL sold 8,261 units of CNG models in domestic sales, with CNG penetration at 17.4 per cent for its compact car Grand i10 Nios, 39.7 per cent for mini SUV Xterra and 90.6 per cent for compact sedan Aura. HMIL said it has projected CNG model penetration in urban markets to increase from 8.8 per cent in FY 2021-22 to 10.7 per cent in FY 2023-24 and in rural markets from 7.1 per cent in FY 2021-22 to 12.0 per cent in FY 2023-24.
