India Electric Bus Market Outlook (2020-2025) | Size, Share, Trend, Growth, Forecast, Revenue, Outlook, Analysis & COVID-19 IMPACT

India Electric Bus Market report comprehensively covers the market by charger types, DC charger connector types, DC charger power ratings, and end consumers. India Electric Bus market report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Electric Bus Market Synopsis

India Electric Bus Market is expected to gain momentum as the government is pushing for greater acceptance of electric buses and has asked the states to do away with permit requirements for such vehicles. The central government is also providing INR 55 Lacs for every 12-meter bus and INR 45 Lacs for every 9-meter bus as direct subsidies.  The incursion of the novel coronavirus COVID-19 pandemic has resulted in a slowdown in the Indian economy during the first three quarters of 2020 further obstructing the growth of India's electric vehicle charging infrastructure which would have a negative impact on the sale of electric buses in 2020. However, the India electric bus market is expected to gain momentum in the forecast period owing to the fund of INR 10,000 crore set aside by the government of India to spend over three years under FAME-II.

According to 6Wresearch, India electric bus market size grew at a CAGR of 81.0% during 2020-2025. JBM Auto also provided 30, 9-metre Eco-life buses to Maharashtra State Road Transport Corporation in 2019, and GreenCell Mobility Private Limited was awarded a contract for operating 48 air-conditioned electric buses by the Rajasthan State Road Transport Corporation (RSRTC) in 2020. Additionally, in December 2020, TATA Motors delivered 26 electric buses to Brihanmumbai Electric Supply and Transport (BEST) as part of the order for 340 electric buses under the government of India’s FAME II initiative.

 

Growing efforts by the government towards the adoption of environment-friendly transport coupled with rising penetration towards reduction of carbon emission is adding to the India Electric Bus Market Share. Additionally, rising manufacturing and an increase in environmental awareness are developing the India Electric Bus Market Share. The advancement of technology along with the rising level of pollution is providing lucrative opportunities for the growth of the industry. 

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 6 Years Market Numbers.
• Estimated Data Starting from 2020 to 2025F.
• Base Year: 2019
• Forecast Data until 2025F.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• India Electric Bus Market Overview
• India Electric Bus Market Outlook
• India Electric Bus Market Forecast
• Historical Data and Forecast India Electric Bus Market Revenues and Volume for the Period 2019-2025F
• Historical Data and Forecast of India Electric Bus Market Revenues and Volume, By Vehicle Types, for the Period 2019-2025F
• Historical Data and Forecast of India Electric Bus Market Revenues and Volume, By Charger Types, for the Period 2019-2025F
• Historical Data and Forecast of India Electric Bus Market Revenues and Volume, By DC Charger Connector Types, for the Period 2019-2025F
• Historical Data and Forecast of India Electric Bus Market Revenues and Volume, By DC Charger Power Ratings, for the Period 2019-2025F
• Historical Data and Forecast of India Electric Bus Market Revenues and Volume, By Charger End Consumers, for the Period 2019-2025F
• Market Drivers and Restraints
• Industry Life Cycle
• Porter’s Five Force Analysis
• Impact Analysis of COVID-19
• Market Trends
• India Vehicle Market Revenue Ranking, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Charger Types

• AC
• DC

By DC Charger Connector Types

• CHAdeMO
• CCS
• Others (including Tesla superchargers and GB/T)

By DC Charger Power Ratings

• 40-80 kW
• 80-120 kW
• 120-200 kW

By Charger End Consumers

• Public
• Private

India Electric Bus Market: FAQs