Alternate fuel penetration in Indian CV industry to touch 40-45% by FY30: ICRA

New Delhi, Penetration of alternate fuels, including CNG/LNG and electric vehicles, in the Indian commercial vehicle industry is expected to touch 40-45 per cent by FY2030, rating agency ICRA said on Monday.

In FY2026, the penetration of alternate fuels in the Indian CV industry was at 27 per cent, ICRA said in a statement.