Market insights

Since the inception of motorized vehicles, gasoline has been the predominant source of fuel for transportation. Creating a scenario of monopoly, petroleum being the only source of power had created for itself a lethal influencing authority that can adversely affect any economy dependent on it. Hence to alleviate itself from economically volatile petroleum and stagnant reserves of fossil fuels, economies across the globe are immensely occupied in crafting a transition towards alternative fuels powered vehicles. As a consequence, CNG & LPG vehicle market is gaining substantial traction from developed as well as developing economies, since its cost-effectiveness and fuel efficiency along with hazardous ramifications of unrestrained global warming and carbon footprints are well versed globally. The dual-fuel alternatives delivered by these substitute fuel vehicles have persuaded the automotive users as noble replacements when tallied with the contemporary gasoline and diesel vehicles. ...