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Supply Crunch Hits A Booming CNG Auto Retrofit Market
CNG retrofitting market is hit because of a supply crunch, rising cylinder prices and cheap alternatives.
08 Nov 2021, 09:53 AM IST
Rakhu Pal, a Delhi-based dealer who installs compressed natural gas kits in cars, expected business to pick up, given the shift to cheaper gas as petrol and diesel prices spiked. Still, the surge in demand left him surprised.Pal’s agency, BK Auto Gas, would retrofit CNG kits in 30-40 vehicles every month half a year ago, he told BloombergQuint over the phone. “That has now more than doubled to 80-90. It’s crazy the way people are inc...
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