Sales of alternative-fuel vehicles surpass petrol-powered for the first time, marking a shift in consumer preferences.
According to a report by the Federation of Automobile Dealers Associations, India's automobile retail sales increased by 17.51% year on year to over 24 lakh units in August. For the first time, sales of alternative-fuel passenger vehicles, including CNG, hybrids, and electric vehicles, surpassed petrol-powered vehicles, accounting for 41.95% of the market. Petrol vehicles held a 40.85% share, indicating a significant structural shift in consumer preferences.
Passenger vehicle sales grew by 16.14%, while commercial vehicle sales increased by 14.45% year on year. Interestingly, rural automobile sales outperformed urban sales, growing annually by 19.79%, compared to 15.17% growth in urban sales.
Source:
Akashvani News
