India electric bus market is anticipated to grow at a considerable CAGR during the forecast period (2019-2025). Rapid urbanization, rise in demand for improved public transport along with cohesive government initiatives and schemes to promote adoption of EVs. It is encouraging OEM to manufacture electric buses with high range capacity. For this, major electric bus manufacturers are actively adopting growth strategies such as partnership & collaboration, expansion among others.
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One of the major activities witnessed in the last year was the partnership of Ashok Leyland (Hinduja Group) and ABB Ltd. In January 2020, both the companies signed a Memorandum of Understanding (MoU) in the public e-mobility space to expand the eco-system for efficiency and greener electric bus transportation systems in India. This MoU has assigned Ashok Leyland the authority to develop its new electric buses using ABB’s flash-charge technology, TOSA, which tops up the battery in just seconds while passengers get on and off the bus. ABB’s TOSA fast-charging technology is claimed to save as much as 1,000 tons of CO2 on a line covering 600,000 km per year. Furthermore, in November 2020, Hitachi ABB Power Grids also signed an MoU with Ashok Leyland and the Indian Institute of Technology Madras (IITM) for an e-mobility pilot project in India. Such alliances are anticipated to nurture the smart e-mobility ecosystem in India which in turn is anticipated to drive India electric bus market.
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Market Coverage
- The market number available for – 2018-2025
- Base year- 2019
- Forecast period- 2019-2025
- Segment Covered- By Vehicle Type, By Range, By Application
- Competitive Landscape- Ashok Leyland Ltd., Olectra Greentech Ltd., Tata Motors Ltd., VE Commercial Vehicles Ltd., JBM Auto Ltd., PMI Electro Mobility Solutions Pvt. Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
India Electric Bus Market Report Segment
By Bus Type
- Hybrid Electric Bus
- Fuel Cell Electric Bus
- Battery Electric Bus
By Battery Type
- Li-ion
- NiMH
- Others
By End-User
- Government
- Fleet Owner
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
