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India Electric Bus Market Research Report: By Type (BEB, HEB), Length (Less Than 10 M, More Than 10 M), Battery (LFP, NMC), Application (Intercity, Intracity) - Industry Analysis and Growth Forecast to 2025

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    Report

  • March 2021
  • Region: India
  • Prescient & Strategic Intelligence Private Limited
  • ID: 4804016
In March 2019, the Indian government formally launched the second phase of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme. Further, in August 2019, the government announced plans to procure 5,585 electric buses, to help clean up the environment. With such strong government support, the Indian electric bus market value is predicted to increase from $94.3 million in 2020 to $1,364.4 million by 2025, at a 48.8% CAGR between 2021 and 2025.

Another such initiative is the Green Mobility Scheme, under which the government will deploy 26,000 paratransit and regular alternative-fuel buses in 103 cities. Other than the central government, those of 26 states and union territories have submitted proposals to jointly deploy 14,988 of these clean-energy vehicles. Yet another such move benefitting the Indian electric bus market is the total funding of $4.6 billion announced for battery manufacturers, to boost domestic production.

The COVID-19 pandemic has dealt a severe blow to the global automotive industry due to the plant shutdowns and restricted trade. As a result, the Indian electric bus market is witnessing sluggish growth during these times, as the government measures taken to check the virus spread led to the suspension of manufacturing operations at auto plants. Moreover, as the focus of the central and state governments has been on COVID care, investments in the electric bus landscape have been reduced or postponed.

Presently, the lithium-iron phosphate (LFP) category dominates the Indian electric bus market, under the battery segment. These batteries are the safest and fastest-charging of all, which is why they remain popular among bus manufacturers and buyers.

Till now, the southern region has been the most prosperous for the companies in the Indian electric bus market because Hyderabad and Bengaluru were among the earliest cities in the country to use these automobiles. The first fleet of electric buses in the nation, 40 in total, was deployed in Telangana.

The Indian electric bus market will witness the fastest growth in the northern region on account of the continuous efforts of regional state governments to electrify their public transportation fleets. The Delhi-National Capital Region constantly ranks among the most polluted in the country, which is why the need for cleaner transportation is strong here.

Major manufacturers in the Indian electric bus market are Ashok Leyland Limited, Solaris Bus & Coach S.A., JBM Auto Limited, Olectra Greentech Limited, Deccan Auto Limited, Tata Motors Limited, BYD Company Limited, Zhongtong Bus & Holding Company Limited, and Eicher Motors Limited.

Table of Contents

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Type
1.3.2 Market Segmentation by Length
1.3.3 Market Segmentation by Battery
1.3.4 Market Segmentation by Application
1.3.5 Market Segmentation by Region
1.3.6 Analysis Period
1.3.7 Market Data Reporting Unit
1.3.7.1 Value
1.3.7.2 Volume
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By industry participant
2.2.1.2 By region
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. India Electric Bus Market Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 BEB
4.1.1.2 HEB
4.1.2 By Length
4.1.2.1 Less than 10 m
4.1.2.2 More than 10 m
4.1.3 By Battery
4.1.3.1 LFP
4.1.3.2 NMC
4.1.3.3 Others
4.1.4 By Application
4.1.4.1 Intercity
4.1.4.2 Intracity
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Rising number of collaborations between domestic players and foreign manufacturers
4.2.2 Drivers
4.2.2.1 Government schemes and regulations
4.2.2.2 Rise in domestic manufacturing
4.2.2.3 Rapid urbanization and growing environmental awareness
4.2.2.4 Impact analysis of drivers on market forecast
4.2.3 Restraints
4.2.3.1 Lack of adequate charging infrastructure and related ecosystem
4.2.3.2 High upfront cost of electric buses
4.2.3.3 Impact analysis of restraints on market forecast
4.2.4 Opportunities
4.2.4.1 High growth potential of the market
4.3 COVID-19 Impact on India EV Industry
Chapter 5. Government Policies and Schemes
5.1 NEMMP 2020
5.1.1 FAME II Scheme
5.2 Urban Green Mobility Scheme 2017
5.3 Other Government Support for EVs Development
Chapter 6. India Market Size and Forecast
6.1 By Type
6.2 By Length
6.3 By Battery
6.4 By Application
6.5 By Region
Chapter 7. India Electric Bus Market - Major States and Cities
7.1 Southern India
7.1.1 Bengaluru
7.1.2 Hyderabad
7.2 Northern India
7.2.1 Delhi
7.2.2 Lucknow
7.2.3 Indore
7.2.4 Jammu
7.2.5 Chandigarh
7.3 Eastern India
7.3.1 Kolkata
7.3.2 Guwahati
7.4 Western India
7.4.1 Mumbai
7.4.2 Ahmedabad
7.4.3 Jaipur
Chapter 8. Competitive Landscape
8.1 Market Share Analysis of Key Players
8.2 Tenders for Procurement of Electric Buses
8.3 Competitive Benchmarking of Key Players
8.4 Product Specifications and Sales of Various Bus Models
8.4.1 Tata Motors Limited
8.4.1.1 Bus specifications by model
8.4.1.2 Orders received from various transport agencies
8.4.2 Olectra Greentech Limited
8.4.2.1 Bus specifications by model
8.4.2.2 Orders received from various transport agencies
8.4.3 JBM Auto Ltd.
8.4.3.1 Bus specifications by model
8.4.3.2 Orders received from various transport agencies
8.5 Strategic Developments of Key Players
8.5.1 Product Launches
8.5.2 Client Wins
8.5.3 Other Developments
Chapter 9. Company Profiles
9.1 Ashok Leyland Limited
9.1.1 Business Overview
9.1.2 Product and Service Offerings
9.1.3 Key Financial Summary
9.2 JBM Auto Limited
9.2.1 Business Overview
9.2.2 Product and Service Offerings
9.2.3 Key Financial Summary
9.3 Solaris Bus & Coach S.A.
9.3.1 Business Overview
9.3.2 Product and Service Offerings
9.4 Deccan Auto Limited
9.4.1 Business Overview
9.4.2 Product and Service Offerings
9.5 Olectra Greentech Limited
9.5.1 Business Overview
9.5.2 Product and Service Offerings
9.5.3 Key Financial Summary
9.6 Tata Motors Limited
9.6.1 Business Overview
9.6.2 Product and Service Offerings
9.6.3 Key Financial Summary
9.7 Zhongtong Bus & Holding Company Limited
9.7.1 Business Overview
9.7.2 Product and Service Offerings
9.8 BYD Company Limited
9.8.1 Business Overview
9.8.2 Product and Service Offerings
9.8.3 Key Financial Summary
9.9 Eicher Motors Limited
9.9.1 Business Overview
9.9.2 Product and Service Offerings
9.9.3 Key Financial Summary
Chapter 10. Appendix
10.1 Abbreviations
10.2 Sources and References
10.3 Related Reports
List of Tables
Table 1 Analysis Period of The Study
Table 2 Tie-Ups Between Domestic And Foreign Players
Table 3 Drivers For The Market: Impact Analysis
Table 4 Price Comparison of Beb And Heb With Diesel And Cng Buses In India
Table 5 Restraints For The Market: Impact Analysis
Table 6 Fund Allocation Under Fame Ii Scheme
Table 7 Initiatives For Evs Under Fame Ii, By Vehicle Type
Table 8 Government Support For Evs Development In India
Table 9 India Electric Bus Market, By Type, Units (2019-2025)
Table 10 India Electric Bus Market, By Type, $M (2019-2025)
Table 11 India Electric Bus Market, By Length, Units (2019-2025)
Table 12 India Electric Bus Market, By Length, $M (2019-2025)
Table 13 India Electric Bus Market, By Battery, Units (2019-2025)
Table 14 India Electric Bus Market, By Battery, $M (2019-2025)
Table 15 India Electric Bus Market, By Application, Units (2019-2025)
Table 16 India Electric Bus Market, By Application, $M (2019-2025)
Table 17 India Electric Bus Market, By Region, Units (2019-2025)
Table 18 India Electric Bus Market, By Region, $M (2019-2025)
Table 19 Bengaluru - Current Electric Bus Running In The City
Table 20 Hyderabad - Current Electric Bus Model Running In The City
Table 21 New Delhi - Current Electric Bus Model Running In The City
Table 22 Lucknow - Current Electric Bus Model Running In The City
Table 23 Indore - Current Electric Bus Model Running In The City
Table 24 Jammu - Current Electric Bus Model Running In The City
Table 25 Chandigarh - Current Electric Bus Model Running In The City
Table 26 Kolkata - Current Electric Bus Model Running In The City
Table 27 Guwahati - Current Electric Bus Model Running In The City
Table 28 Mumbai - Current Electric Bus Model Running In The City
Table 29 Ahmedabad - Current Electric Bus Model Running In The City
Table 30 Jaipur - Current Electric Bus Model Running In The City
Table 31 Tenders For Electric Bus Procurement In India (2018)
Table 32 Competitive Benchmarking of Key Players
Table 33 Tata Motors Limited - Specifications By Model
Table 34 Tata Motors Limited - Orders Received From Transport Agencies
Table 35 Olectra Greentech Limited - Specifications By Model
Table 36 Olectra Greentech Limited - Orders Received From Transport Agencies
Table 37 Olectra Greentech Limited - Specifications By Model
Table 38 Ashok Leyland Limited - At A Glance
Table 39 Ashok Leyland Limited - Key Financial Summary
Table 40 Jbm Auto Limited - At A Glance
Table 41 Jbm Auto Limited - Key Financial Summary
Table 42 Solaris Bus & Coach S.A. - At A Glance
Table 43 Deccan Auto Limited - At A Glance
Table 44 Olectra Greentech Limited - At A Glance
Table 45 Olectra Greentech Limited - Key Financial Summary
Table 46 Tata Motors Limited - At A Glance
Table 47 Tata Motors Limited - Key Financial Summary
Table 48 Zhongtong Bus & Holding Company Limited - At A Glance
Table 49 Byd Company Limited - At A Glance
Table 50 Byd Company Limited - At A Glance
Table 51 Eicher Motors Limited - At A Glance
Table 52 Eicher Motors Limited - Key Financial Summary
List of Figures
Fig 1 Research Scope
Fig 2 Research Methodology
Fig 3 Regional Split of Primary And Secondary Research
Fig 4 Breakdown of Primary Research By Industry Participant
Fig 5 Breakdown of Primary Research By Region
Fig 6 Breakdown of Primary Research By Company Type
Fig 7 Data Triangulation Approach
Fig 8 India Electric Bus Market Summary
Fig 9 Proposed Urban Green Mobility Scheme Structure
Fig 10 India Electric Bus Market, By Type, Units (2019-2025)
Fig 11 India Electric Bus Market, By Length, Units (2019-2025)
Fig 12 India Electric Bus Market, By Battery, Units (2019-2025)
Fig 13 India Electric Bus Market, By Application, Units (2019-2025)
Fig 14 India Electric Bus Market, By Region, Units (2019-2025)
Fig 15 Percentage Share of Major Players In Electric Bus, Based On Tender Procurement (2020)
Fig 16 Ashok Leyland Limited - Revenue Split By Segment And Geography (2020)
Fig 17 Jbm Auto Limited - Revenue Split By Division (2020)
Fig 18 Olectra Greentech Limited - Revenue Split By Division (2020)
Fig 19 Tata Motors Limited - Revenue Split By Segment And Geography (2020)
Fig 20 Byd Company Limited - Revenue Split By Segment And Geography (2019)
Fig 21 Eicher Motors Limited - Revenue Split By Segment And Geography (2020)

Companies Mentioned

  • Ashok Leyland Limited
  • JBM Auto Limited
  • Solaris Bus & Coach S.A.
  • Deccan Auto Limited
  • Olectra Greentech Limited
  • Tata Motors Limited
  • Zhongtong Bus & Holding Company Limited
  • BYD Company Limited
  • Eicher Motors Limited

Methodology

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