Regulations and Government Support................................................. Error! Bookmark not defined. Fuel Cost.................................................. ............................................. Error! Bookmark not defined. Infrastructure.................................................. ..................................... Error! Bookmark not defined. Original Equipment Manufacturers.................................................. .... Error! Bookmark not defined. Retrofitting.................................................. ......................................... Error! Bookmark not defined.

Raw Materials and Inputs.................................................. ................................................... ..........4 Technology.................................................. ................................................... ......................................4 Cost Factors.................................................. ................................................... ....................................4 Regulations and Government Policies.................................................. ......................................4

Everest Kanto.................................................. ................................................... .................................4 Rama Cylinders.................................................. ................................................... ...............................4 Nitin Cylinders Ltd.................................................. ................................................... ..........................4 Bharat Pumps and Compressors Ltd.................................................. ..................................................4 Maruti Koatsu Cylinders Pvt. Ltd.........................................................................................................4

The market potential for high-pressure CNG cylinders in India is substantial. 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.

Over the last two years, impacted by global recession, the industry was plagued by the plunging consumer demand and cancelled industrial orders in the automobiles sector. Sales (TTM) in the industry registered a low y-o-y growth of......