India electric bus market is estimated to grow at a significant CAGR during the forecast period. The rapidly increasing urbanization of India creating demand for improvement in public transport along with the cohesive government initiatives and schemes is one of the major factors to drive the growth of the India electric bus market. In July 2019, the Government of India unveiled the National Electric Mobility Mission Plan (NEMMP) 2020 to amplify the growth of the electric and hybrid components of the automotive sector with the main focus on fast-tracking the manufacturing and introduction of EVs in India. The launch of Faster Adaptation and Manufacturing of (Hybrid &) Electric Vehicles (FAME) by the Department of Heavy Industries (DHI) with an investment of $123 million is further promoting the growth of India electric bus market.
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India electric bus market is composed of several local and international players. Some of the major market players operating in the market include Ashok Leyland Ltd., BYD Auto Industry Co., Deccan Auto Ltd., Goldstone Infratech Ltd, and JBM Auto Ltd., among others. These market players are anticipated to offer significant opportunities towards the growth of the market owing to their on-going R&D activities, investment in new technologies, and geographical expansion, among others.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
India Electric Bus Market by Bus Type
- Hybrid Electric Bus
- Fuel Cell Electric Bus
- Battery Electric Bus
India Electric Bus Market by Battery Type
- Lithium-ion batteries
- NiMH Batteries
- Others
India Electric Bus Market by End-User
- Government
- Fleet Owner
Company Profiles
- Ashok Leyland Ltd.
- BYD Auto Industry Co.
- Deccan Auto Ltd.
- Goldstone Infratech Ltd
- JBM Auto Ltd.
- Optare Plc
- Solaris
- Zhongtong Auto Co.
The Report Covers
- Comprehensive research methodology of the India Electric Bus market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the India Electric Bus market.
- Insights about market determinants which are stimulating the India Electric Bus market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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