India Flexfuel Cars Market is Estimated To Witness High Growth Owing To rising awareness about environment-friendly vehicles

0
2كيلو بايت

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.

Read More

https://healthcarelatesteditionnews.blogspot.com/2023/11/the-india-flexfuel-cars-market-is.html

 

البحث
الأقسام
إقرأ المزيد
Health
Active Keto Gummies Australia & NZ Final thought & Reviews [2023]
Active Keto BHB Apple Gummies Australia are the #1 weight loss supplement with no side effects....
بواسطة Active Keto 2023-02-24 09:09:24 0 3كيلو بايت
أخرى
Optical Encoder Market Expand at a CAGR of 10.7% from 2023 to 2031
Optical Encoder Market Overview: The optical encoder market size valued at USD 2,838.05 Million...
بواسطة Marco Henry 2024-05-21 10:40:44 0 675
Literature
The Rise of Online Slots: A Digital Revolution in Gambling
In recent years, on line slots have surged in recognition, interesting countless players global...
بواسطة Traveltourism Traveltourism 2024-05-05 07:03:56 0 634
الألعاب
However, the landscape has changed since Diablo 3's release
However, the landscape has changed since Diablo 3's release. Path of Exile and Grim Dawn possess...
بواسطة Megaomgchen Megaomgchen 2020-09-06 05:40:22 0 3كيلو بايت
Causes
Mastering Price Action Trading Strategy in Forex: A Humanized Approach
Price action trading is a common strategy in the volatile realm of foreign exchange trading. Why...
بواسطة Profithills Education 2024-10-16 08:31:19 0 190