India's auto market tilts towards cleaner fuels
The Indian auto market is increasingly favoring cleaner-fuel vehicles, with CNG, hybrid, and electric vehicles together accounting for 42% of passenger vehicle sales in August, surpassing petrol for the first time, according to a report by Equirus Securities. Passenger vehicle retail sales grew 16% year-on-year in August, driven by improved affordability following GST rate cuts.
Petrol share declined to a record low of 41%, while CNG rose to a record high of 25%, taking the combined share of CNG, hybrid, and electric vehicles to 42%, ahead of petrol for the first time. Electric car sales rose 52% year-on-year to 30,700 units in August, bringing EV penetration to 7.7%, up from 5.9% in August 2025, although it eased from 8.1% in July 2026.
Brief written by urgent.news from The Economic Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
