India Electric Bus Market (2019-2025)

Latest 2021 Developments

India Electric Bus Market developments include shift of market players towards electric buses due to increasing awareness about green vehicles to reduce the level of greenhouse gases. In August 2019, Government of India sanctioned 5095 electric buses for 64 states for intra city commuting, 400 e-buses for intercity operations and 100 e-buses for last mile connectivity to Delhi Metro Rail Corporation. Olectra-BYD is planning to set up its second electric bus manufacturing plant in North India which aims to provide electric buses at lowest possible prices. In January 2020, Ashok Leyland of India collaborated with ABB to manufacture electric buses using flash charge TOSA technology.

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India Electric Bus Market is expected to be primarily driven by increased government’s efforts to control harmful gas emissions contributing towards pollution. The Indian government has taken several initiatives in the form of subsidies and grants towards several pollution control levels. Moreover, increasing operational efficiencies of the vehicle are further anticipated to cut down the cost of the product assisting escalating demand patterns for the electric buses in the coming years.

According to 6Wresearch, the India Electric Bus Market size is expected to register strong growth during the forecast period 2019-2025. Several efforts by the Ministry of Urban Development would further propel the market growth. The Green Urban Transport Scheme to reduce carbon emissions from public vehicles recently launched by the ministry would raise demand for electric buses in the coming years. Furthermore, the ministry has also granted INR 250 Billion to the transport industry in order to initiate deployment of electric vehicles all across the country.

Less than 10 meters coach generated the highest demand and is anticipated to generate sound revenues in the coming years. The low operational costs of less than 10 meters of coach buses would trigger market demand for smaller electric buses in the country. The North Region accounted for the highest sales in 2018 and is expected to witness growth in the upcoming six years too. The Southern Region is also expected to register robust growth during the forecast period.

The India Electric Bus Market report thoroughly covers the market by vehicle types, end-users, charging infrastructure, and regions. The India Electric Bus Market outlook report provides an unbiased and detailed analysis of the on-going India Electric Bus Market 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 is anticipated to potential growth in the upcoming six years on the back of rising infrastructure coupled with increasing numbers of charging stations to power electrical batteries overnight which is essential for electrical vehicles for the uninterruptible mobility which tends to increase the deployment for electric buses and would spur the market in the coming years. Additionally, a rise in the elimination rate of diesel engines which is emitting harmful substances along with raising the concerns for cyclists and pedestrians coupled with increasing adoption for electric buses would proliferate the potential growth of India electric bus market.

Key Highlights of the Report

• India Electric Bus Market Overview
• India Electric Bus Market Outlook
• India Electric Bus Market Trends
• India Electric Bus Market Forecast
• Historical Data of India Electric Bus Market Revenues and Volume for the Period 2015-2018
• India Electric Bus Market Size and India Electric Bus Market Forecast Revenues until 2025
• Historical Data of India Electric Bus Market Revenues and Volume, by Vehicle Types, for the Period 2015-2018
• Market Size & Forecast of India Electric Bus Market Revenues and Volume, by Vehicle Types, until 2025
• Historical Data of India Electric Bus Market Revenues, by End Users, for the Period 2015-2018
• Market Size & Forecast of India Electric Bus Market Revenues, by End Users, until 2025
• Historical Data of India Electric Bus Market Revenues and Volume, by Charging Infrastructure, for the Period 2015-2018
• Market Size & Forecast of India Electric Bus Market Revenues and Volume, by Charging Infrastructure, until 2025
• Historical Data of India Electric Bus Market Revenues and Volume, by Regions, for the Period 2015-2018
• Market Size & Forecast of India Electric Bus Market Revenues and Volume, by Regions, until 2025
• Market Drivers and Restraints
• Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• India Electric Bus Market Overview on Competitive Benchmarking
• Company Profiles
• India Electric Bus Market Share, by Companies
• India Electric Bus Market Share, by Regions
• Key Strategic Recommendations

Markets Covered

The India Electric Bus Market report provides a detailed analysis of the following market segments:

• By Vehicle Types:
  • Plug-In Electric Bus
  • Hybrid Electric Bus
  • Battery Electric Bus

• By End Users:
  • Public
  • Private

• By Charging Infrastructure:
  • Ground Contact
  • Roof Pantograph
  • Gantry Pantograph
  • Plug Only
  • Induction

• By Regions:
  • Northern Region
  • Western Region
  • Eastern Region
  • Southern Region
  • Central Region

Frequently Asked Questions About the Market Study (FAQs):