{"id":439715,"date":"2021-10-04T09:16:08","date_gmt":"2021-10-04T03:46:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=439715"},"modified":"2021-10-04T10:14:00","modified_gmt":"2021-10-04T04:44:00","slug":"rising-fuel-prices-accelerate-demand-for-cng-vehicles","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rising-fuel-prices-accelerate-demand-for-cng-vehicles\/","title":{"rendered":"Rising fuel prices accelerate demand for CNG vehicles"},"content":{"rendered":"<p>Rising fuel prices have accelerated demand for CNG vehicles in the country. Accordingly, the availability of CNG in more cities has supported this trend.<\/p>\n<p>&#8220;Demand for CNG vehicles remains strong, benefiting from surging fuel prices and increased CNG penetration in newer cities,&#8221; said Motilal Oswal Financial Services (MOFSL).<\/p>\n<p>&#8220;Inventory in the system is 10-20 days.&#8221;<\/p>\n<p>According to MOFSL, the retail demand evolution has been a mixed bag since the lifting of the second lockdown from mid-June 2021.<\/p>\n<p>It pointed out that demand has bounced back quicker for &#8216;PVs, but 2Ws&#8217; have seen slower recovery.<\/p>\n<p>Besides, &#8216;CVs&#8217; are expected to see healthy recovery from October 2021, the outlook for tractors is cautious due to the very high base of last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rising fuel prices have accelerated demand for CNG vehicles in the country. Accordingly, the availability of CNG in more cities has supported this trend. &#8220;Demand for CNG vehicles remains strong, benefiting from surging fuel prices and increased CNG penetration in newer cities,&#8221; said Motilal Oswal Financial Services (MOFSL). &#8220;Inventory in the system is 10-20 days.&#8221; According to MOFSL, the retail demand evolution has been a mixed bag since the lifting of the second lockdown from mid-June 2021. It pointed out that demand has bounced back quicker for &#8216;PVs, but 2Ws&#8217; have seen slower recovery. Besides, &#8216;CVs&#8217; are expected to see [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-439715","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=439715"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439715\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=439715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=439715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=439715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}