India Electric Bus Market (2023-2029) | Value, Companies, Share, Analysis, Forecast, Outlook, Revenue, Trends, Size, Industry & Growth

Market Forecast 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, and Central Region) and Competitive Landscape.

Product Code: ETC4624277 Publication Date: Aug 2023 Updated Date: Oct 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Electric Bus Market Highlights

Report Name India Electric Bus Market
 Base Year 2022
 Historical Period 2019-2022
 Forecast Period 2023-2029
 Growth Rate (CAGR) 7.63%
 Report Coverage Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
 Segment Coverage By Types, By Applications 
 Customization Scope 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com 
 Pricing and Purchase Options Avail customization purchase option to know the exact pricing of your research needs

Topics Covered in the India Electric Bus Market

India Electric Bus Market report thoroughly covers the market by vehicle types, end users, charging infrastructure, and regions. The market outlook report provides an unbiased and detailed analysis of the ongoing 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.

Some Ongoing Trends of the India Electric Bus Market

India Electric Bus Market is estimated to gain traction in the coming years underpinned by some ongoing latest market developments such rising expansion of electric bus fleets, especially in Delhi, Mumbai, and Bengaluru. Moreover, the rising replacement of diesel and CNG-based buses with electric buses to reduce GHG levels in the country is having a positive impact on the India Electric Bus Market growth. Domestic manufacturers such as Tata Motors, Ashok Leyland, and Mahindra Electric are now actively investing in manufacturing electric buses in the influence to maintain increasing carbon rate. Also, the rising charging infrastructure development in the country at the bus stops ensures seamless operation of electric buses. This is estimated to create an opportunity for the electric bus market to grow seamlessly in the country.

India Electric Bus Market Synopsis

India Electric Bus Market is estimated to register a sound growth in the country with the rising adoption of electric buses and replacement of diesel-based buses with electric ones. Additionally, the rise in the electric buses adoption in the country is boosting the development of charging infrastructure, leaving a positive impact on the market growth. The high carbon rate is a major concern for the country, hence electric buses have come up as the top solution in the transportation sector and are estimated to be one of the leading factors to fuel electric buses adoption. 

According to 6Wresearch, the India Electric Bus Market size is likely to grow at a CAGR of 7.63% during the forecast period 2023-2029. The market is securing tremendous growth 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 uninterruptible mobility which tends to increase the deployment of electric buses and would spur the market in the coming years. Additionally, a rise in the elimination rate of diesel engines which are emitting harmful substances along with raising the concerns for cyclists and pedestrians coupled with increasing adoption of electric buses would proliferate the potential growth of India electric bus market. These are some growth proliferating factors simultaneously boosting the India Electric Bus Market share at a massive rate. 

Government Initiatives Introduced in the India Electric Bus Market

The government is encouraging the electric buses use in the country, hence has introduced many favourable policies & programmes including priority Lanes, where some cities have created bus lanes with the purpose of improving operations and efficiency, encouraging more people to use public transportation. Additionally, the government are investing in the development of vehicle charging infrastructure, especially in key areas like bus stops and public places to achieve seamless electric bus operations. Smart City mission is one of the leading missions boosting the electric buses use, which allows to decrease carbon footprints and make the country more sustainable.

COVID-19 Impact on the India Electric Bus Market

COVID-19 had a significant impact on the India Electric Bus Market which is a part of the Asia Pacific electric bus market. The lockdowns and restrictions in the country led to a decrease in public transportation demand, including buses. In addition to this, supply chain disruption resulted in a major delay in manufacturing, which further led to a reduction in the delivery of electric buses. 

Key Players of the India Electric Bus Market

Below mentioned are some leading key players in the country shaping the market growth with their continuous efforts. 

  • Tata Motors
  • Ashok Leyland
  • Mahindra Electric
  • BYD India
  • Volvo Buses India
  • JBM Auto

Market Analysis by Vehicle Type.

According to Nitesh Kumar, Research Manager, 6Wresearch it is difficult to say which is currently dominating in the country. Their growth is currently influenced by several aspects such as government policies, budget availability, and charging infrastructure development.

Market Analysis by Charging Infrastructure,

Based on Charging Infrastructure, these segments are growing in the market, driven by government incentives, funding availability, and the need for fast-charging solutions to ensure efficient operations. 

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022.
  • Forecast Data until 2029.
  • 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 Trends
  • India Electric Bus Market Forecast
  • Historical Data of India Electric Bus Market Revenues and Volume for the Period 2019-2029
  • India Electric Bus Market Size and India Electric Bus Market Forecast Revenues until 2029
  • Historical Data of India Electric Bus Market Revenues and Volume, by Vehicle Types, for the Period 2019-2029
  • Market Size & Forecast of India Electric Bus Market Revenues and Volume, by Vehicle Types, until 2029
  • Historical Data of India Electric Bus Market Revenues, by End Users, for the Period 2019-2029
  • Market Size & Forecast of India Electric Bus Market Revenues, by End Users, until 2029
  • Historical Data of India Electric Bus Market Revenues and Volume, by Charging Infrastructure, for the Period 2019-2029
  • Market Size & Forecast of India Electric Bus Market Revenues and Volume, by Charging Infrastructure, until 2029
  • Historical Data of India Electric Bus Market Revenues and Volume, by Regions, for the Period 2019-2029
  • Market Size & Forecast of India Electric Bus Market Revenues and Volume, by Regions, until 2029
  • 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

Market Covered

The report offers a comprehensive study of the subsequent 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
India Electric Bus Market: FAQs
Expansion of electric bus fleets, development of charging infrastructure, and rising replacement of diesel & CNG-based buses with electric buses.
Tata Motors, Ashok Leyland, Mahindra Electric, and BYD India are some major players in the India Electric Bus Market.
Supply chain disruption, delays in the charging infrastructure development, and reduction in public transportation use due to strict lockdown.
Rising favourable government policies and increasing manufacturing of electric buses are some major trends for the India Electric Bus Market to grow considerably.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of The Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. India Electric Bus  Market Overview
3.1 India Country Indicators
3.2 India Electric Bus Market Revenues & Volume 2019-2029F
3.3 India Electric Bus Market Revenue Share, By Vehicle Types, 2022 & 2029F
3.4 India Electric Bus Market Revenue Share, By Charging Infrastructure, 2022 & 2029F
3.5 India Electric Bus Market Revenue Share, By End User, 2022 & 2029F
3.6 India Electric Bus Market Revenue Share, By Regions, 2022 & 2029F
3.7 India Electric Bus Market - Industry Life Cycle
3.8 India Electric Bus Market - Porter’s Five Forces
4. India Electric Bus  Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. India Electric Bus  Market Trends
6. India Electric Bus Market Overview, By Vehicle Types
6.1 India Electric Bus Market Revenues & Volume, by Hybrid 2019-2029F
6.2 India Electric Bus Market Revenues & Volume, by Battery 2019-2029F
6.3 India Electric Bus Market Revenues & Volume, by Plug-in Hybrid 2019-2029F
7. India Electric Bus Market Overview, By Charging Infrastructure
7.1 India Electric Bus Market Revenues, By Ground Contact, 2019-2029F
7.2 India Electric Bus Market Revenues, By Roof Pantograph, 2019-2029F
7.3 India Electric Bus Market Revenues, By Gantry Pantograph, 2019-2029F
7.4 India Electric Bus Market Revenues, By Plug Only, 2019-2029F
7.5 India Electric Bus Market Revenues, By Induction, 2019-2029F
8. India Electric Bus Market Overview, By End User
8.1 India Electric Bus Market Revenues & Volume, By Public, 2019-2029F
8.2 India Electric Bus Market Revenues & Volume, By Private, 2019-2029F
9. India Electric Bus Market Overview, By Regions
9.1 India Electric Bus Market Revenues, By Northern Region, 2019-2029F 
9.2 India Electric Bus Market Revenues, By Eastern Region, 2019-2029F 
9.3 India Electric Bus Market Revenues, By Western Region, 2019-2029F 
9.4 India Electric Bus Market Revenues, By Southern Region, 2019-2029F 
9.5 India Electric Bus Market Revenues, By Central Region, 2019-2029F 
10. India Electric Bus Market - Key Performance Indicators
11. India Electric Bus Market - Opportunity Assessment
11.1 India Electric Bus Market Opportunity Assessment, By Vehicle Types 2029F
11.2 India Electric Bus Market Opportunity Assessment, By Infrastructure 2029F
11.3 India Electric Bus Market Opportunity Assessment, By End User, 2029F
12. India Electric Bus Market Competitive Landscape
12.1 India Electric Bus Market Revenue Share, By Company, 2022
12.2 India Electric Bus Market Competitive Benchmarking, By Operating & Technical Parameters
13. Company Profiles
14. Key Recommendations
15. Disclaimer

Argentina Electric Bus Market (2019-2025): Market Forecast By Vehicle Type (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) & Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only & Induction), By End User (Public & Private), By Regions (Argentine Northwest, Gran Chaco, Mesopotamia Region, Cuyo, Pampas, and Patagonia) and Competitive Landscape.

Brazil Electric Bus Market (2019-2025): Market Forecast By Vehicle Type (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) & Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only & Induction), By End User (Public & Private), By Regions (Northern Region, Southern Region, North Eastern Region, Central Western Region, and Southern East Region) and Competitive Landscape.

Canada Electric Bus Market (2019-2025): Market Forecast By Vehicle Type (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) & Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only & Induction), By End User (Public & Private), By Regions (Western Region, Southern Region, Mid-Western Region, and North Eastern Region) and Competitive Landscape.

Chile Electric Bus Market (2019-2025): Market Forecast By Vehicle Types (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) & Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only & Induction), By End Users (Public & Private), By Regions (Northern Region, Central Region, and Southern Region) and Competitive Landscape.

Europe Electric Bus Market (2019-2025): Market Forecast By Vehicle Types (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) & Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only & Induction), By End Users (Public & Private), By Countries (Germany, France, Itlay, United Kingdom, Netherland and Rest of Europe) and Competitive Landscape.

Latin America Electric Bus Market (2019-2025): Market Forecast By Vehicle Types (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) & Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only & Induction), By End Users (Public & Private), By Countries (Mexico, Brazil, Argentina, Chile and Rest of Latin America) and Competitive Landscape.

Mexico Electric Bus Market (2019-2025): Market Forecast By Vehicle Types (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) & Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only & Induction), By End Users (Public & Private), By Regions (Northern Region, Southern Region, Central Region, Eastern Region, and Western Region) and Competitive Landscape.

North America Electric Bus Market (2019-2025): Market Forecast By Vehicle Types (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) & Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only & Induction), By End Users (Public & Private), By Countries (the United States, Canada and Rest of North America) and Competitive Landscape

Peru Electric Bus Market (2019-2025): Market Forecast By Vehicle Types (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) & Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only & Induction), By End Users (Public & Private), By Regions (Northern Region, North Eastern Region, Central Region, and South Eastern Region) and Competitive Landscape

United States Electric Bus Market (2019-2025): Market Forecast By Vehicle Types (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) & Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only & Induction), By End Users (Public & Private), By Regions (Western Region, Southern Region, Mid-Western Region, and North Eastern Region) and Competitive Landscape

France Electric Bus Market (2019-2025): Market Forecast By Vehicle Types (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) and Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only and Induction), By End User (Public & Private), By Regions ( Northern Region, Central Region, and Southern Region) and Competitive Landscape. 

Malaysia Electric Bus Market (2019-2025): Market Forecast By Vehicle Types (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) and Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only and Induction), By End User (Public & Private), By Regions (Northern Region, East Coast Region, Central Region, Southern Region, and Eastern Region) and Competitive Landscape. 

Spain Electric Bus Market (2019-2025): Market Forecast By Vehicle Types (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) and Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only and Induction), By End User (Public & Private), By Regions (North East Region, North West Region, Northern Region, Central Region, and Southern Region) and Competitive Landscape. 

Sweden Electric Bus Market (2019-2025): Market Forecast By Vehicle Types (Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB) and Hybrid Electric Bus (HEB)), By Charging Infrastructure (Ground Contact, Roof Pantograph, Gantry Pantograph, Plug Only and Induction), By End User (Public & Private), By Regions (Norrland, Svealand & Gotaland) and Competitive Landscape. 

Asia Pacific (APAC) Electric Bus Market (2019-2025): Market Forecast 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 Countries (Indonesia, Malaysia, India, China, Japan, Australia, Thailand and Rest of Asia Pacific) and Competitive Landscape.

Australia Electric Bus Market (2019-2025): Market Forecast 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 (Australian Capital Territory, New South Wales, Northern Territory, Queensland, South Australia, Tasmania, Victoria, and Western Australia) and Competitive Landscape.

Singapore Electric Bus Market (2019-2025): Market Forecast 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) and Competitive Landscape.

Vietnam Electric Bus Market (2019-2025): Market Forecast 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 (North Central, North West, North East, South East, and South Central) and Competitive Landscape.

 

Market Forecast 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, and Central Region) and Competitive Landscape.

Product Code: ETC000908 Publication Date: Aug 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

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.

To enquire about latest release please click here

Previous Release:

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

Market Forecast 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, and Central Region) and Competitive Landscape.

Product Code: ETC000908 Publication Date: Aug 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5
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