Alternate Fuel Penetration in Indian CV Industry to Reach 40-45% by FY30: ICRA

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Automotive

28 July 2026 at 3:19 am

Alternate Fuel Penetration in Indian CV Industry to Reach 40-45% by FY30: ICRA

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Summary

ICRA predicts that alternate fuel penetration in the Indian commercial vehicle industry will reach 40-45% by FY30, driven primarily by the bus segment within M&HCVs.

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Alternate Fuel Penetration in Indian CV Industry to Reach 40-45% by FY30: ICRA | HyperFast