IBB Report 2023: Fewer Buyers For CNG, Petrol Dominates Pre-Owned Car Buyers Choice

Only 4.16 per cent of used car buyers preferred a CNG-powered vehicle compared to 30 per cent opted for diesel and 65 per cent chose petrol.

By car&bike Team


1 mins read


Published on May 25, 2024

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  • 65.30 per cent of pre-owned buyers go for petrol-powered cars
  • Similar to the new car space where petrol is preferred by about 70 per cent of the buyers
  • Diesel takes 30.39 precedence

According to the 2023 edition of the Indian Blue Book launched by carandbike and Das WeltAuto recently, only 4.16 per cent of pre-owned car buyers prefer to invest in a CNG-powered car. A major reason for abstaining from the CNG is the reduced boot space and the limited network of the CNG filling station.


Tata Altroz i CNG 10

Reduced boot space and limited CNG network are the major reasons for lesser demand


Since its inception, CNG as fuel was earlier preferred for commercial taxis/busses under government regulations as an alternative cheaper fuel which was also less harmful when it comes to emissions. With time many OEMs started offering factory-fitted CNG options to buyers including Maruti Suzuki, Hyundai, and Tata, while some OEMs are still considering the CNG alternative in the coming years. The new car sales with CNG might be growing, especially in the lower segment and commercial fleet, but CNG doesn’t see a huge demand in the used car segment.


Also Read: India's Pre-Owned Car Market Set To Reach 10.92 Million Units By FY2028: IBB Report 2023


CNG Station 2022 09 07 T10 48 13 839 Z

Only 4.16 per cent of pre-owned buyers opt for CNG cars


Meanwhile, diesel-powered cars enjoyed a little over 30 per cent market share amongst the pre-owned car buyers. The demand for diesel has been reducing of late especially with the constant fear of government regulation of killing diesel as a fuel in the coming years. Even the restriction on diesel-powered cars in certain prominent parts of the country has further fuelled the deviation away from oil-burner cars. 


Tata Nexon EV vs Tata Punch EV 8

The pre-owned EV segment is still in the nascent stage with its own set of challenges


Also Read: IBB Report 2023: Key Factors Driving Growth In Used Car Sales

And when it comes to EVs, the used car market is still in a nascent stage for the pure electric models. Firstly, there are very few new EVs on sale in India right now and sales of these EVs amount to a very small number. The current crop of EV owners is not yet willing to sell off their first electric car so soon. This results in a lesser supply in the used car market. Secondly, there’s also the inexperience of EV’s life when it comes to the battery, motors and other ancillaries. So there’s still a dilemma of how wise it is to purchase a used EV. According to the IBB report, when it comes to the preference of Indian car buyers purchasing a pre-owned EV car, around 44 per cent of respondents favoured opting for it while 56 per cent of respondents are still undecided. 



Petrol-powered cars account for 65 per cent of used car sales in India


So in India, petrol cars still dominate the used-car segment with a 65 per cent market share which is quite similar to the new car space where petrol cars have about 70 per cent takers. 

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