The Economic Times

Alternative fuels overtake petrol in Indias car sales for first time as CNG, EVs and hybrids gain ground

In response to soaring fuel costs, consumers are now leaning towards alternative fuels like CNG, hybrids, and electric vehicles, resulting in a decline in petrol sales. Rural markets have played a pivotal role in driving year-on-year vehicle registration growth. Electric vehicle adoption is steadily climbing across different segments. While dealers remain hopeful for strong demand, they are wary of monsoon-related challenges and possible increasing prices.