Latest news with #cleanmobility
Times of Oman
a day ago
- Automotive
- Times of Oman
CNG demand in India may grow along with EV adoption, despite policy pressure: Report
New Delhi: Compressed Natural Gas (CNG) could continue to grow as an auto fuel in India, even as electric vehicle (EV) adoption gathers pace across key states, according to a recent report by Nomura. The report highlighted that state governments, especially Delhi and Mumbai, are expected to roll out aggressive EV policies to address the problem of rising air pollution. While this could put some pressure on the growth of CNG, analysts believe both fuel types could still co-exist in the coming years. It stated, "CNG as an auto fuel could grow alongside EVs.... EV policies by states to continue pressuring CNG growth." The report added that Delhi, which had already banned diesel vehicles older than 10 years nearly a decade ago, may now consider placing restrictions on CNG vehicles as a next step in its clean fuel transition. The state is seen to be intensifying its focus on cleaner mobility solutions to tackle worsening air quality. In contrast, Mumbai, being a coastal city, usually records better air quality index (AQI) levels. In the short term, the EV policy focus in Mumbai could shift more towards reducing the use of liquid fuels like petrol and diesel, rather than targeting CNG. The report noted that this could work as a policy tailwind for both CNG and EV adoption in Mumbai. Further, the report mentioned that the ongoing High Court-monitored committee on EV adoption in Maharashtra includes participation from Mahanagar Gas Limited (MGL), a key supplier of CNG in the region. During its recent investor day, MGL's management expressed confidence that CNG could benefit under the state's upcoming EV policy. The company sees potential in policies that promote a multi-fuel transition instead of focusing only on electric vehicles. The report also pointed out another key development that could benefit gas suppliers, the possible inclusion of natural gas under the Goods and Services Tax (GST) regime. Currently, natural gas is subject to a combination of state VAT, central excise duty, and central sales tax. Moving it under GST would simplify the tax structure by eliminating these cascading taxes and potentially lowering the overall tax burden for businesses.
Times of Oman
08-06-2025
- Automotive
- Times of Oman
Electric passenger vehicle sales in India cross 4% first time in May 2025: FADA
New Delhi: The contribution of electric passenger vehicle (EV) sales crossed 4 per cent in May, compared to 2.6 per cent of the same period of 2024, the data by the Federation of Automobile Dealers Associations (FADA) revealed. The May retail data marks an uptick from 3.5 per cent in April by 0.5 per cent. The increasing retail sales data marks a significant shift in consumer adoption of EVs, signalling growing momentum in the transition towards cleaner mobility. The retail data of electric passenger vehicles shows that the players in the segment sold about 12,304 units, compared to just 8,029 units of the May 2024. The FADA data shows that the April retail sale was registered at 12,233 units. On the other hand, the FADA data released on Friday shows that auto players witnessed a modest rise of 5 per cent in May compared to the same month last year. Segment-wise, the two-wheeler category performed best, registering a rise of 7.3 per cent on a year-on-year basis. Three-wheelers followed (rise of 6.2 per cent), and the tractor segment registered a gain of 2.7 per cent on a year-on-year basis. According to FADA, robust semi-urban/rural demand driven by auspicious marriage dates, strong Rabi harvest, and pre-monsoon pull helped the two-wheeler segment register a year-on-year rise. On the other hand, financing constraints in the economy segment cap upside, leading to a decline of nearly 2 per cent in the segment. The passenger vehicle segment suffered a decline, on "Elevated inventory days and subdued consumer sentiment--particularly in entry-level models--compounded by war-related tensions for border-state (J&K, Punjab, Rajasthan, Gujarat) and margin-money challenges; healthy bookings offset by weak retail conversions," FADA said. However, FADA projects that global supply-chain headwinds (rare-earth constraints in EV components, geopolitical tensions) may limit urban consumer sentiment and exert cost pressure.
Bloomberg
16-05-2025
- Automotive
- Bloomberg
Hyundai India to Add Hybrid to Product Range, Plans 26 Launches
Hyundai Motor India Ltd. will add a hybrid vehicle to its product lineup in addition to a broader plan to launch 26 models by 2030, joining Japanese rivals in betting on hybrid technology to navigate India's fragmented transition to cleaner mobility. The move puts Hyundai India in step with the local units of Toyota Motor Corp. and Suzuki Motor Corp., who have championed hybrids as an alternative to electric vehicles in a market constrained by patchy charging infrastructure and price sensitivity.
