Flexfuel vehicles or flexible-fuel vehicles (FFVs) are vehicles that run on more than one fuel, usually gasoline blended with ethanol or methanol fuel. In India, commonly used flexfuel vehicles run on gasoline blended with ethanol up to 85%. Flex fuel vehicles allow usage of ethanol which is a renewable transportation fuel and helps reduce carbon emissions. Major automakers in India like Maruti Suzuki, Hyundai, Tata Motors, Nissan, Renault, Mahindra & Mahindra, Toyota and Honda provide flexfuel car options to consumers.
The India flexfuel cars market is witnessing strong growth driven by increasing stringent emission norms by the government and push for renewable fuels. India has mandated all carmakers to provide a minimum of flex fuel cars in their portfolio under Bharat Stage VI (BS-VI) emission standards effective from April 2020. Also, the Indian government is promoting usage of ethanol blended petrol (10% ethanol blending) under its National Biofuel Policy 2018. These initiatives are encouraging automakers to provide flexfuel cars with flex fuel technology supporting up to E85 fuel to consumers. Additionally, uptake of flexfuel cars helps reduce reliance on imported crude oil and supports domestic ethanol production thereby boosting the rural economy. The availability of flex fuel technology across various vehicle segments like hatchbacks, sedans and SUVs is further supporting market growth in India.
The India Flexfuel Cars Market Share is expected to witness high growth, exhibiting CAGR of 15% over the forecast period, due to increasing environmental pollution and government initiatives to promote ethanol blended fuel in vehicles.
The India region currently dominates the India Flexfuel Cars Market with over 60% share supported by rapid expansion of production facilities by OEMs and progressive policies towards ethanol in the country. States like Karnataka, Maharashtra, Uttar Pradesh and Gujarat are expected to drive future demand.
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https://healthcarelatesteditionnews.blogspot.com/2023/11/the-india-flexfuel-cars-market-is.html
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