Electric, Flex-Fuel, and CNG vehicles dominate Indian automotive launches: Report
electric vehicles (EVs), flex-fuel models, and CNG-powered vehicles taking center stage in recent launches.
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A report by Phillip Capital highlights that these alternative fuel vehicles are rapidly reshaping both passenger and two-wheeler segments, signaling a major shift in consumer and industry preferences.
The report also stated that the recently concluded Bharat Mobility Auto OEM Expo in Delhi also showcased a significant shift in automakers' strategies, emphasizing alternative fuel vehicles.
It said «Bharat Mobility Auto OEM Expo revealed a significant shift in automakers' focus towards alternative fuel vehicles. Electric vehicles, flex-fuel, and CNG models dominated the launches for both passenger and two-wheeler segments.».
According to the report, the automotive sector in India is poised for significant growth, driven by the rising popularity of SUVs, electric vehicles, and hybrid models. Automakers are actively planning numerous launches in these segments to cater to evolving market demands.
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