The Cost of Fuel Economy in the Indian Passenger Vehicle Market
Maureen Cropper, Randy Chugh and Urvashi Narain ,
( 39 )
Energy Policy

To investigate how fuel economy is valued in the Indian car market, we compute the cost to Indian consumers of purchasing a more fuel-efficient vehicle and compare it to the benefit of lower fuel costs over the life of the vehicle. We estimate hedonic price functions for four market segments (petrol hatchbacks, diesel hatchbacks, petrol sedans, and diesel sedans) to compute 95% confidence intervals for the marginal cost to the consumer for an increase in fuel economy.

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