New Delhi, Jan. 25 -- The Indian automobile industry is witnessing a remarkable transformation, with electric vehicles (EVs), flex-fuel models, and CNG-powered vehicles taking center stage in recent launches.

A report by Phillip Capital highlights that these alternative fuel vehicles are rapidly reshaping both passenger and two-wheeler segments, signaling a major shift in consumer and industry preferences.

The report also stated that the recently concluded Bharat Mobility Auto OEM Expo in Delhi also showcased a significant shift in automakers' strategies, emphasizing alternative fuel vehicles.

It said "Bharat Mobility Auto OEM Expo revealed a significant shift in automakers' focus towards alternative fuel vehicles. Electric vehicles, f...