The company also said it is looking to venture into the charging stations for electric vehicles business and is negotiating with some companies.
The company offers services in approximately 100 cities across India. The company said in a statement that it has devised a strategy to further penetrate the market as well as seek opportunities in overseas markets.
The home fuel delivery model has grown rapidly across the country and expanded even more rapidly in the post-COVID era, due to factors such as global supply chain problems and the economy of the fuel trade. the structural constraints of the existing distribution model, changing consumer buying behavior and technological disruption, he said Sanya Goelco-founder, Humsafar India.
“We currently have 20% of the market share for the diesel home service and we plan to acquire a 30% share during the current financial year,” he added.
Bringing diesel to wheels through mobile petrol pumps has been one of the company’s main achievements, he said, adding: “We want to reach every corner of India and revolutionize the distribution of all types of energy in the future.”
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He also said that the company’s recently launched product “Safar”, a 20-liter tamper-proof metal canister, received an overwhelming response in a short time, selling more than 30,000 containers in the previous fiscal year.
“We have developed a strategy to further penetrate the market and expect to double the numbers this year and are looking forward to exporting it,” he said.
Additionally, Humsafar’s intelligent static diesel storage launched late last year has found acceptance in the market and the company plans to do business briskly targeted at segmented customers during the current fiscal year, he added.
“Considering the energy transformation taking place around the world, including India, Humafar is planning to enter the green energy market by synergizing our core business. We look forward to launching E-Humsafar mobile petrol pumps (e-HMPP) to help our customers, we are also planning to enter the electric vehicle charging station industry and talks are underway with renowned companies in this field, “said Nishit Goel, co-founder of Humsafar India.