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Special Report
            Target Your Market More Effectively

       ernment incentives, make them  long term.  The recent announcement  geographical location, and individual
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                    ChemImpex
       relatively more cost-competitive  of enhanced allocation of FAME-II by  needs. With evolving fuel preferences
       compared with petrol  and  diesel  Rs. 1,500-crore is a positive step towards  and government initiatives aimed at
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       vehicles in the long run, especially for  encouraging EV adoption in India. The  fostering  green  mobility,  CareEdge
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       high-mileage drivers. CNG offers  enhanced allocation and strategic focus  Ratings expects the automotive land-
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       basis, exports and imports of chemicals and related
       lower fuel costs, but is limited by  of FAME-II are expected to accelerate  scape  to  see  a  signifi cant  transfor-
       products through the major ports in India — a vital
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       station availability.  The availability  EV adoption in India by March 2024  mation by 2030.
       source of commercial intelligence. Find out on-line
                                                         of Commercial Intelligence and Statistics, Government
       of charging stations for EVs and  to encourage potential buyers to take
       refuelling stations for CNG can  advantage before it exhausts.        Approximately 30%  of  total auto
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                                                                          sales are expected to be EVs, while
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       costs. Performance-wise, CNG and  CareEdge Ratings view            hybrids and vehicles running on CNG
       imports are coming from and how their prices are
                                                         trade (import or export) in that item; or by Country to
       EVs offer instant torque and smooth   Overall, the Indian automobile mar-  are  anticipated to  capture 20-25%  of
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       moving. Download all this data, seamlessly, for a
       acceleration, but petrol and diesel  ket is  at a crossroads,  with EVs  and  market share.  The  remaining portion
                                                         related products between India and that country
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       vehicles might offer more power and  CNG emerging as strong contenders to  will  be divided among traditional fuels
       range in certain situations.      challenge the traditional dominance of  such as petrol and diesel, alongside the
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       a comprehensive TCO analysis is also  government policies, technological   A mixed fuel market offers more
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       evolving government policies and    Further, it’s important to note that   Policy and technological deve-
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       dynamics for different fuel types over the  including the specifi c vehicle segment,  market.
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       168                                                                      Chemical Weekly  April 23, 2024


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