The electric bus market in India can be segmented based on seating capacity, battery type, application, bus length and region. Based on seating capacity, the market can be further segmented into up to 30-seater, 31-40-seater and above 40-seater. Due to increased demand for electric buses in the city bus segment supported by their comparatively low prices, buses with above 40 seats have emerged as one of the key dominating vehicle segments. In terms of bus length, the Indian Electric Bus Market can be segregated into 6-8 m, 9-12 m, and above 12m. Of all, 9-12 meter is the major segment in the electric bus market on account of length agnostic subsidy offered for smaller buses in the country by State Road Transport Undertakings (STUs).
On the basis of regional analysis, the market can be segregated into north, south, east and west. North region accounted for the highest share in the Indian Electric Bus Market in 2018. With high demand emanating from South India in coming years due to government orders in pipeline, the southern region is expected to exhibit the fastest growth during the forecast period.
Major players operating in the country include JBM Auto Limited, Goldstone Infratech Ltd, Volvo Eicher Commercial Vehicles Limited, Tata Motors Limited, Foton PMI among others. Goldstone has the highest share in electric bus market (almost owns the half of the market) offers two models in the Indian market, K7 and K9 and has bagged orders from Himachal Road Transport Corporation (HRTC) and Brihanmumbai Electric Supply and Transport (BEST).
Years considered for this report:
- Base Year: 2017-2018
- Estimated Year: 2019
- Forecast Period: 2020–2024
- To assess the demand for electric buses in India.
- To analyze and forecast the market size of electric bus market across the country.
- To classify and forecast the Indian Electric Bus Market on the basis of seating capacity, battery type, application, bus length, by region and by company.
- To identify drivers and challenges for the Indian Electric Bus Market.
- To identify market trends and developments in the Indian Electric Bus Market.
- To identify and analyze the profile of leading players involved in the Indian Electric Bus Market.
In order to perform the study, conducted primary as well as exhaustive secondary research. Initially, they prepared an exhaustive list of electric bus manufacturers and companies currently invested in the market and operating in different regions across the country. Subsequently, conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, they were able to include system manufacturers which could not be identified due to the limitations of secondary research. They analyzed service offerings, regional network, and regional presence of all major companies across the country.
The author calculated the market size for the Indian Electric Bus Market by using a bottom-up technique, wherein the value service data for different vehicle type was recorded as well as forecast for the future years. they sourced these values from the industry experts and company representatives, and externally validated through analyzing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories, databases such as, SIAM, SMEV, World Bank, Company Websites, company annual reports, white papers, investor presentations and financial reports were also studied.
Key Target Audience:
- Electric bus manufacturers, distributors and other stakeholders
- Associations, organizations, forums and alliances related to electric buses
- Government bodies such as regulating authorities and policymakers
- Market research and consulting firms
In this report, the Indian Electric Bus Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market By Seating Capacity:
- Up to 30 Seater
- 31-40 Seater
- Above 40
- Lead Acid
- Lithium Ion
- Airport Bus
- Above 12m
Company Profiles: Detailed analysis of the major companies operating in the country’s electric bus market.
With the given market data, the author offers customizations according to a client’s specific needs.
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. India Electric Bus Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Seating Capacity (Up to 30 Seater; 31-40 Seater; Above 40)
5.2.2. By Battery Type (Lead Acid and Lithium Ion)
5.2.3. By Application (Intercity; Intracity; Airport Bus)
5.2.4. By Bus Length (6-8m; 9-12m; Above 12m)
5.2.5. By Region (North, South, East, West)
5.2.6. By Company (2018)
5.3. Market Attractiveness Index
5.4. Pricing Analysis
6. India Electric Bus Above 40 Seater Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Battery Type
6.2.2. By Application
6.2.3. By Bus Length
6.3. Pricing Analysis
7. India Electric Bus Up to 30 Seater Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Battery Type
7.2.2. By Application
7.2.3. By Bus Length
7.3. Pricing Analysis
8. India Electric Bus 31- 40 Seater Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Battery Type
8.2.2. By Application
8.2.3. By Bus Length
8.3. Pricing Analysis
9. Market Dynamics
10. Market Trends & Developments
11. Policy & Regulatory Landscape
12. India Economic Profile
13. Competitive Landscape
13.1. JBM Auto Limited
13.2. Deccan Auto Limited
13.3. Goldstone Infratech Ltd
13.4. Volvo Eicher Commercial Vehicles Limited
13.5. Tata Motors Limited
13.6. Foton PMI
14. Strategic Recommendations
15. About Us & Disclaimer
(Note: The companies list can be customized based on the client requirements)