linkedin
BROUGHT TO YOU BY
Exclusive Access, Inclusive Growth

WELCOME TO ET PRIME

BROUGTH TO YOU BY
Exclusive Access, Inclusive Growth
ET Prime
Energy

India’s fuel-retail market is likely to get brutal with more players expected to join the fray

Analysts expect the incumbents and newbies to fight the impending battle in cities and towns to own customers who consume diesel, a fuel that comprises 40% of India’s total oil demand. What could turn the battle fiercer is the rise of natural gas-driven vehicles and electric vehicles aided by the government’s policy thrust and technological innovations.
font size
FONT SIZE
save
SAVE
saved
SAVED
Gift this article
GIFT ARTICLE
By
13 Mar 2020 9 Mins Read 1 comments
A Reliance petrol pump in Maharashtra (October 1, 2018). BCCL
A Reliance petrol pump in Maharashtra (October 1, 2018).
For countries and companies seeking to profit by selling oil, India presents a compelling opportunity. It’s the biggest oil consumer in the world after the US and China, and is on course to become the largest contributor to global oil demand growth by mid-2020s. As some of the last barriers to entry into the Indian fuel-retail market go,
come from low-cost electric two-wheelers that are being developed by several small manufacturers. These are likely to be economical even if not so reliable. It will likely take off in smaller towns and rural areas where customers wouldn’t fuss so much about reliability of the vehicle or have the charging anxiety,” says AIPDA’s Goyal. (Graphic by Sadhana Saxena)
For countries and companies seeking to profit by selling oil, India presents a compelling opportunity. It’s the biggest oil consumer in the world after the US and China, and is on course to become the largest contributor to global oil demand growth by mid-2020s. As some of the last barriers to entry into the Indian fuel-retail market go, come from low-cost electric two-wheelers that are being developed by several small manufacturers. These are likely to be economical even if not so reliable. It will likely take off in smaller towns and rural areas where customers wouldn’t fuss so much about reliability of the vehicle or have the charging anxiety,” says AIPDA’s Goyal. (Graphic by Sadhana Saxena)

The latest from ET Prime is now on Telegram. To subscribe to our Telegram newsletter click here.

Gift this story

YOU CAN GIFT 0 MORE STORIES THIS MONTH

Maximum 10 Email IDs allowed

300 characters remaining

Gift Sent Successfully

Limit Reached
Limit Reached

You’ve gifted all the 0 articles from your monthly gift bucket!

Please come back next month.

0 more articles will be waiting for you in your gift bucket.

CONTRIBUTORS WHO HAVE COMMENTED ON THIS STORY

Current Edition

[[^message]]

Result

[[/message]] [[#message]]

[[message]]

[[/message]]