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.

The market is segmented on the basis of bus type, battery type, and end-user. Based on the bus type, the market is sub-segmented into the hybrid electric bus, fuel cell electric bus, and battery-electric bus. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the segmental market share. Based on end-user, the market is sub-segmented into government and fleet owners. 

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.  

Research Methodology

The market study of the India Electric Bus market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. India Electric Bus Market Research and Analysis by Bus type 

2. India Electric Bus Market Research and Analysis by Battery Type

3. India Electric Bus Market Research and Analysis by End-User

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.