Tata Motors is focusing on CNG variants due to increasing demand. They have already introduced CNG versions of Tiago, Tigor, and Altroz, with plans for more models in the future.
The surge in demand for CNG cars is attributed to several factors. Firstly, CNG is a cleaner and more affordable fuel compared to petrol or diesel. Secondly, the government is providing incentives to CNG car buyers. Lastly, the rising prices of petrol and diesel are making CNG cars more appealing to consumers.
Tata Motors is in a favorable position to benefit from the growing demand for CNG cars. They have a strong presence in the small car segment, which is the most popular category for CNG vehicles. Additionally, Tata Motors is known for its reliable CNG technology.
The company aims to achieve a 30-35% share of the CNG market in the coming years. To accomplish this, Tata Motors plans to introduce more CNG models and expand its dealer network.
The demand for CNG cars is expected to continue rising in the future, presenting a favorable opportunity for Tata Motors to increase its market share and expand its business.
