A sector report by Eurion Constellation on CNG Cylinders Market in India. A comprehensive report covering in-depth, the industry value chain, growth drivers, demand & supply factors, detailed SWOT Analysis (including, fuel adoption statistics and projections), Government regulations, cost factors, detailed process charts, key players, etc. along with the growth projections based on data from Government and reputed non-Government agencies. All of the key statistics are supported by detailed tables and exhibits. For inquiries please email us at swati.sinha@icai.org or visit us at http://www.euriononline.com.

1. June 2010
CNG Cylinders Market: A
Growing Opportunity In India
EURION CONSTELLATION

3. Table of Contents
Executive Summary..............................................................................................
Investment Perspective ..................................................................................... 5
Market Definition .................................................................................................
Growth Drivers .....................................................................................................
Global Warming Concerns and Government Regulations .......................................................
Fuel Cost .....................................................................................................................
Infrastructure ...............................................................................................................
Original Equipment Manufacturers ....................................................................................
Retrofitting ...................................................................................................................
Demand & Supply .................................................................................................
Demand.......................................................................................................................
International Market .......................................................................................................................
Domestic Market ............................................................................................................................
Supply.........................................................................................................................
Strengths, Weaknesses, Opportunities and Threats .............................................
Strengths .....................................................................................................................
High Entry Barriers .........................................................................................................................
Government Support.......................................................................................................................
Technology and Quality ...................................................................................................................
Weaknesses .................................................................................................................
Deterrents in Engine Conversion .......................................................................................................
Safety Concerns .............................................................................................................................
Dependence on Government Regulations ...........................................................................................
Opportunities ................................................................................................................
Low Penetration .............................................................................................................................
Cost Economies ..............................................................................................................................
Consumer Purchasing Power ............................................................................................................
Threats ........................................................................................................................
Insufficient Availability and Production of Natural Gas .........................................................................
Production .....................................................................................................................................
Cost of Raw Materials ......................................................................................................................
Threat from Substitutes...................................................................................................................
Cost Factors .........................................................................................................
Raw Materials and Technology .............................................................................
Regulations and Government Policies ..................................................................
Adoption of CNG............................................................................................................
City Distribution Networks...............................................................................................
Design and Quality Standards for CNG Cylinders .................................................................

4. Key Players ..........................................................................................................
Everest Kanto ...............................................................................................................
Rama Cylinders .............................................................................................................
Nitin Cylinders Ltd .........................................................................................................
Bharat Pumps and Compressors Ltd .................................................................................
Lizer Cylinders Ltd .........................................................................................................
Maruti Koatsu Cylinders Pvt. Ltd ......................................................................................
Exhibits
Table 1: Emissions by CNG Vehicles as Compared to Petrol and Diesels Vehicles _________________________
Table 2: Growth of Natural Gas Vehicles Worldwide _______________________________________________
Table 3: Growth of Natural Gas Vehicles in India __________________________________________________
Table 4: Planned Capacity Expansions by the Key Market Players _____________________________________
Table 5: Fuel Consumption by Type: India Compared to Asia and World Consumption ____________________
Table 6: Proven Natural Gas Reserves Worldwide _________________________________________________
Table 7: Proven Natural Gas Reserves in Asia Pacific _______________________________________________
Table 8: Estimated vs. Actual Production of Natural Gas____________________________________________
Table 9: EKC: Key Performance Indicators _______________________________________________________
Table 10: RCL: Key Performance Indicators ______________________________________________________
Figure 1: Annual Oil Import Bill of India ________________________________________________________
Figure 2: Natural Gas Vehicles Growth Worldwide ________________________________________________
Figure 3: Year-on-Year Growth of Natural Gas Vehicles Worldwide as Compared to Asia Pacific ____________
Figure 4: Number of Natural Gas Vehicles in India ________________________________________________
Figure 5: Year-on-Year Growth of Natural Gas Vehicles in India _____________________________________
Figure 6: Energy Mix in India (2008) ___________________________________________________________
Figure 7: Energy Mix in India (2009) ___________________________________________________________
Figure 8: Proven Natural Gas Reserves _________________________________________________________
Figure 9: Proven Gas Reserves (India and Other Asian Nations) _____________________________________
Figure 10: Shortfall in Production as Compared to the Planned Exploration ____________________________
Figure 11: Sliding Operational Performance of the Private Players ___________________________________
Figure 12: Planned Increase in the Participation of the Private Players ________________________________
Figure 13: Manufacturing Process Chart ________________________________________________________
Figure 14: Total Revenues and EBITDA Over Last Five Years _________________________________________
Figure 15: Financial Performance Over Last Five Years _____________________________________________
Figure 16: Total Revenues and PBILDT _________________________________________________________
Figure 17: Financial Performance _____________________________________________________________

5. June 2010 CNG Cylinders Market: A Growing Opportunity In India
Investment Perspective
The long-term market potential for high-pressure CNG cylinders in India is high. The two
key factors driving the market are the cost efficiency of CNG as a fuel and Government
support to the industry. With Government initiatives for facilitating the discovery &
exploration of natural gas, growth of robust distribution channels, fiscal benefits to the
manufacturers of cylinders, retrofitting of CNG kits, tax exemption for commercial &
heavy vehicles and new licensing policy, the industry is likely to register impressive
growth over the coming years. 4
The CNG cylinder manufacturers are currently benefitted by……………
[A sector report by Eurion Constellation on CNG Cylinders Market in India. A comprehensive report covering in-
depth, the industry value chain, growth drivers, demand & supply factors, detailed SWOT Analysis (including,
fuel adoption statistics and projections), Government regulations, cost factors, detailed process charts, key
players, etc. along with the growth projections based on data from Government and reputed non-
Government agencies. All of the key statistics are supported by detailed tables and exhibits. Buy online at
http://bit.ly/cFDsbO. For inquiries, please email us at sales@eurionconstellation.com or
contact@eurionconstellation.com, or visit us at http://www.euriononline.com.] All Rights Reserved.
Eurion Constellation. All Rights Reserved. Website: www.euriononline.com. Email: swati.sinha@icai.org