Car CNG kits distributor Mascot Powersys is making plans to expand its footprint by over nine-fold to 74 outlets in the next three years across India, report India’s Economic Times. The company reportedly aims to grow its Delhi presence from eight to twenty outlets by 2012, besides foraying into other markets such as Ahmedabad, Surat, Vadodara, Mumbai and Pune by 2013.
Mascot Powersys Director Yash Arora told PTI the Indian market for retro-fitted CNG kits along with the cylinder is estimated at about Rs 16 crore (USD 3.5 million) per month. The company is also investigating setting up a local manufacturing facility for the CNG kits, which are at present imported from Poland and Italy.
