Demand for CNG vehicles (and also CGD network expansion) has come down a lot due to very high LNG/CNG prices – which is a known fact. The uptick in demand of CNG vehicles mentioned by EKC also has come as CNG prices have been coming down.
There is nothing much company can do in such circumstances – aptly referred as a “black swan
event by Girish Wagh, ED, Tata Motors. If one thinks that CNG vehicle demand will revive then stay invested else better to exit.
Disclosure – I remain invested.
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