Hyundai Motor India bets on CNG vehicles, sees accelerated demand
Live MintNew Delhi, Nov 17 Hyundai Motor India Ltd is betting big on CNG fuel option with sales of models equipped with the technology witnessing increasing demand across rural and urban markets in the country, according to a top company official. The company, which currently offers CNG option in its three models -- Grand i10 NIOS, AURA and EXTER -- has seen an increase in contribution of the CNG models to its domestic sales to 11.4 per cent in FY24 from 9.1 per cent in FY22. With a view to increase CNG vehicle sales, HMIL introduced the 'Hy-CNG Duo' -- with a dual-cylinder system offering ample boot space and higher fuel efficiency -- in its EXTER and Grand i10 NIOS models. In October this year, HMIL had clocked 8,261 units of CNG models in domestic sales with CNG penetration in its compact car Grandi10 NIOS at 17.4 per cent, 39.7 per cent for mini SUV EXTER and 90.6 per cent for compact sedan AURA. As of October this fiscal, HMIL's urban penetration of CNG models stood at 12.3 per cent while it was at 14.6 per cent in the rural market.