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India Electric Bus Market, By Seating Capacity (Up to 30 Seater; 31-40 Seater; Above 40), By Battery Type (Lead Acid and Lithium Ion), By Application (Intercity; Intracity; Airport Bus), By Bus Length (6-8m; 9-12m; Above 12m), Competition Forecast & Oppor

  • ID: 4833509
  • Report
  • Region: India
  • 75 pages
  • TechSci Research
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until Dec 31st 2019
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The Indian Electric Bus Market Stood at Around $ 47.35 Million in 2018 and is Projected to Grow at a CAGR of 37.6% During the Forecast Period.

FEATURED COMPANIES

  • Ashok Leyland
  • Decan Auto
  • Deccan Auto Limited
  • Foton PMI
  • Goldstone Infratech Ltd
  • JBM Auto Limited
  • MORE
The Indian Electric Bus Market stood at around $ 47.35 million in 2018 and is projected to grow at a CAGR of 37.6% during the forecast period. With growing need for controlling GHG (Greenhouse gases) emissions emitted by vehicles, the government is encouraging the use of electric powered vehicles across various states, which is boosting the demand for electric buses in India.

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
Objective of the Study:
  • 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.
Some of the renowned companies invested in the electric bus market operating across the country include JBM Auto Limited, Goldstone Infratech Ltd, Volvo Eicher Commercial Vehicles Limited, Tata Motors Limited, Foton PMI among others.

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
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as electric bus manufacturers, customers and policymakers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

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
Market By Battery Type:
  • Lead Acid
  • Lithium Ion
Market By Application:
  • Intercity
  • Intracity
  • Airport Bus
Market By Bus Length:
  • 6-8m
  • 9-12m
  • Above 12m
Market By Region:
  • North
  • South
  • East
  • West
Competitive Landscape
Company Profiles: Detailed analysis of the major companies operating in the country’s electric bus market.

Available Customizations:
With the given market data, the author offers customizations according to a client’s specific needs.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Ashok Leyland
  • Decan Auto
  • Deccan Auto Limited
  • Foton PMI
  • Goldstone Infratech Ltd
  • JBM Auto Limited
  • MORE
1. Product Overview

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
9.1. Drivers
9.2. Challenges

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)
Note: Product cover images may vary from those shown
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  • JBM Auto Limited
  • Deccan Auto Limited
  • Goldstone Infratech Ltd
  • Volvo Eicher Commercial Vehicles Limited
  • Tata Motors Limited
  • Foton PMI
  • Ashok Leyland
  • Decan Auto
Note: Product cover images may vary from those shown
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