Marketing Research and Analysis

India electric bus market is projected to grow at a CAGR of around 124% by FY2023. 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 across India is expected to register a robust growth over the coming years owing to consistently growing affordability of electric buses due to high subsidies provided by the government coupled with various leading commercial vehicle manufacturers foraying into the country’s electric bus market. Some of the renowned companies invested in the electric bus market operating across the country include  Goldstone, Volvo Eicher Commercial Vehicles Limited, JBM Auto Limited, Mahindra Electric Mobility Limited, Tata Motors Limited, Volvo India Private Limited, and Ashok Leyland Limited. “India Electric Bus Market By Vehicle Type, By Drivetrain Te...