Introduction:
TechSci Research’s report, “Flex Engine Market – India Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027,” reveals that the India flex engine market is poised for steady growth in the forecast period from FY2023 to FY2027. This growth is fueled by the increased production of high-end and luxury vehicles and a rising demand for alternative fuel vehicles in the Indian automotive sector. The awareness among consumers about the environmental impact of automobile emissions and the availability of advanced flex engine-powered vehicles are key drivers for the non-conventional fuel vehicle market in India.
Factors Driving Market Growth:
Several factors are driving the growth of the India flex engine market:
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on “India Flex Engine Market”
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Challenges and Restraints:
Despite the optimistic outlook, challenges for the India flex engine market include a scarcity of flex-fuel engines and the competition posed by hybrid and electric vehicles.
Market Segmentation:
Vehicle Type: The India flex engine market is segmented by vehicle type, with categories including two-wheelers, passenger cars, light commercial vehicles, and medium & heavy commercial vehicles. Passenger cars are the dominant segment and are expected to maintain their prominence throughout the forecast period.
Blend Type: The blend type category includes E10 to E25, E25 to E85, above E85, and others. E10 to E25 is expected to experience the fastest incremental growth during the forecast period. This blend type is renowned for its role in reducing greenhouse gas emissions and its superior performance compared to conventional fuels. The Indian government has set ambitious targets for flex-fuel blends, with a plan to achieve E10 by 2022 and E20 by 2025. This government drive, along with investments from market players, is expected to impact the growth of the India flex engine market.
Fuel Type: The market is divided by fuel type into gasoline and diesel. Gasoline is anticipated to account for a significant market share in the forecast period, as end users increasingly opt for economically viable and highly fuel-efficient vehicles.
Who Will Benefit from This Report:
Major market players operating in the India flex engine market are :
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“India’s oil import bill in FY2021 was USD62.7 billion, and with growing sales of traditional vehicles, the numbers are expected to witness exponential growth in the next five years. The use of flex engines in automobiles can significantly reduce oil imports and environmental pollution. Major market players such as Toyota, Maruti Suzuki, and Hyundai are planning to launch four-wheeler vehicles running on flex engines. Similarly, Bajaj Auto and TVS Motors are expected to introduce two-wheeler vehicles. The expected demand for ethanol can be met by surplus crop production. Market players are investing in research and development activities to find innovative solutions and manufacture cost-effective vehicles are expected to propel India flex engine market growth till FY2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Flex Engine Market – India Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Vehicle Type (Two-Wheeler, Passenger Cars, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle), By Blend Type (E10 to E25, E25 to E85, Above E85, and Others), By Fuel Type (Gasoline and Diesel), By Region”, has evaluated the future growth potential of India flex engine market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India flex engine market.
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