Bajaj Auto, the king of the market for CNG-powered passenger three-wheelers, now wants to replicate this dominance in two-wheelers.
Photograph: Rupak De Chowdhuri/Reuters
The difference is that while the former is zooming — registrations for CNG-powered passenger three-wheelers nearly doubled during January-December 2023 — the latter, meaning a market for CNG-powered two-wheelers, does not exist.
CNG, or compressed natural gas, works in a way similar to petrol in internal combustion…
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