Indraprastha Gas - CNG Strength Counters EV Threat: HDFC Securities

The recent Vahan data shows a robust improvement in monthly CNG vehicle registrations in Delhi, which grew by +29% YoY in the month of Feb-24 to ~5,719 vehicles.

<div class="paragraphs"><p>Indraprastha Gas Ltd. signage. (Source: Company website)</p></div>
Indraprastha Gas Ltd. signage. (Source: Company website)
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