Press Release

India Flex Engine Market to be dominated by Gasoline Fuel Type Vehicles through FY2027

Fluctuations in crude oil prices and strict vehicle emission norms are expected to drive the demand for the India Flex Engine Market in the forecast period, FY2023-FY2027.

According to TechSci Research report, Flex Engine Market – India Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, the India flex engine market is anticipated to witness steady growth during the forecast period, FY2023-FY2027. Increased production of high-end and luxury vehicles along with growing demand for alternate fuel vehicles are driving the demand for the India flex engine market. The surge in consumers' awareness about the role of automobile emissions on environmental pollution and the availability of advanced vehicles running on flex engines is influencing the demand for non-conventional fuel running automobiles.

Flex fuels are considered clean vehicles as they produce fewer fumes and have lower adverse impacts on the environment than conventional vehicles. The higher the concentration of ethanol in fuel, the lower the damage to the surroundings. Flex-fuel engine delivers similar performance as fuel-driven vehicles as it works exactly like an internal combustion engine. With increased awareness about the benefits of flex engines and the launch of performance-driven alternate fuel-powered vehicles, the India flex engine market is expected to grow at a steady rate.

Improvement in the country's economic status is driving the expenditure capacity of consumers to afford a quality lifestyle. The rapid urbanization of consumers and the increased preference for private vehicle ownership is boosting vehicle sales across the country. Automobile manufacturers are setting up plants and opening stores to fulfill consumers' requirements. Increased vehicle production and sales are expected to impact the India flex engine market's growth positively.

However, the lack of flex-fuel engines and the launch of hybrid and electric vehicles may restrain market growth in the forecast period.

Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "India Flex Engine Market"

The India flex engine market is segmented into vehicle type, blend type, fuel type distribution, and company.

Based on the vehicle type, the market is divided into two-wheeler, passenger cars, light commercial vehicles, medium & heavy commercial vehicles. Passenger cars dominate the market and are expected to maintain their dominance throughout the forecast period. Changing consumer preference, improved living standards, and availability of passenger cars in the market supporting flex engine is expected to bolster the India flex engine market demand.

Based on the blend type, the market is divided into E10 to E25, E25 to E85, above E85, and others. E10 to E25 blend type is expected to witness the fastest incremental growth in the forecast period, 2023-2027. E10 to E25 lowers greenhouse gas emissions and harmful hydrocarbons into the environment and is considered a high-performance fuel than conventional fuels. India plans to achieve E10 by 2022 and E20 by 2025. The government asks automobile manufacturers to take appropriate steps to make the vehicles compatible with a flex engine. The expected investments by the market players are expected to influence the India flex engine market growth.

Based on the fuel type, the market is divided into gasoline and diesel. Gasoline is expected to account for a significant market share in the forecast period. End users are opting for vehicles that are economically viable and highly fuel-efficient.

Major market players operating in the India flex engine market are :

  • Maruti Suzuki India Limited
  • Tata Motors Limited
  • Mahindra & Mahindra Limited
  • Hyundai Motor Company
  • Honda Motor Company, Ltd.
  • Bajaj Auto Limited
  • TVS Motor Company
  • Hinduja Group (Ashoke Leyland)
  • Toyota Motor Corporation
  • Ford Motor Company

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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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