Key highlights of the report:

• Long, medium, and Short term forecast
• Total Industry volume Sales and Production
• Segment and Sub-segment
• Application/uses: School, Staff, Intercity, Intracity, Tourist, Hospitality, Ambulance, and others
• Volume, Market share, and Growth
• Key customer detail in each segment and Application
• Trend Analysis
• Forecast data contain Price, Features, Duty cycle, and Technical specs also.
• Model-level Forecast and Product portfolio availability
• E Bus Sales Forecast
• Key Market drivers
• New players planning
• Upcoming new models launched
• Product shift analysis
• Customer behavior shift study
• Model-wise Best and worst features
• Tata Motors, Mahindra, Ashok Leyland, Eicher, Volvo, Force, BharatBenz, Mercedes, Volvo, Corona, Olectra, and Others

The database is helpful for:

• Business planning
• Electric Vehicle Product planning & Charging infrastructure
• Product Strategy
• ManPower planning
• Competitor Analysis
• Suppliers Strategy

The post Indian Bus Market Forecast 2025 appeared first on Autobei Consulting Group.

In the year 2018, the bus industry witnessed a record growth rate of 7 percent when compared to the growth rate in the year 2017. Tata Motors increased 2 percent market share whereas Ashok Leyland market share increased by 1 percent, Luxury Bus manufacturers like Volvo have had a stagnant market share rate of 0.4 percent with a minor increase in volume.

A market leader like the Force Motors was on the decline losing 6 percent of the market share in the Light Duty bus segment. The performance of Tata Motors improved in almost every segment. Its market share increased to 4 percent whereas in the case of Ashok Leyland the leading market holders of the bus Industry improved their market brand value and gained a 1 percent market share. The bus segment grew by 13 percent in the year 2018.

The Medium and Heavy-Duty Bus segment is stagnant due to the decreased demand for Medium and Heavy-Duty Busses. In the Medium and Heavy-Duty Bus sector, Ashok Leyland gained 3 percent market share whereas Tata Motors market share remained stagnant, VECV and SML Isuzu also had a decline in the market share rate in the year 2018.

The introduction of new norms marked the enforcement of the bus body code (AIS 052), and the school bus code (AIS 063). The initiation of bus codes provided a base for good growth in the bus sector, the industry also witnessed the initiation of the sleeper bus code (AIS 119), which is claimed to be a world first. The Progress in the sector was also achieved in tarmac and double-decker bus code draft. The initiatives from government run State Transport Undertakings (STUs) and City Bus Undertakings (CBUs) as well as private bus fleet operators to provide high rate orders improved the growth rate of the segment. Factors like the bus code, demonetization and GST impacted STU orders in the year 2018. After Bus code relaxation and GST is stabilizing the market is expected to improve hence the demand is expected to rise again.

The bus industry is one of the most important and highly developed segments of the Indian automobile industry. It is the most commonly used and widespread public transport in India as well as in other countries. The industry comprises of buses that are categorized into school buses, mini buses, tourist buses, deluxe buses, commuter buses and others depending on the purpose of the use of the vehicle. Owing to the development in the infrastructure and roads, connecting to remote places has become easier due to which more and more people are availing bus services in a day to day basis. This has greatly contributed to the growth of the bus industry. The growth in this market has stimulated the manufacturers towards more innovations and development in the technology used in the bus. New buses have been introduced that are well equipped with advanced facilities and services such as passenger information system, air-conditioners, high-quality engines, air suspension, and transmission systems and much other safety as well entertainment features. With the increase in the use of such buses over the next few years, the customer base is also expected to ascend at a high rate.

With respect to increase in the commuter base, even foreign companies such as Daimler, Mercedes, and Volvo are making heavy investments in this segment of the automobile industry in India. New standards of luxury and comfort have been set by these companies in the tourist bus segment by providing high class and advanced air-conditioned buses.

There is an invention in every segment on a day to day basis; the bus sector is also expected to grow at an alarming rate with the increased rate of consumers. As the rate of growth increases the company will have to develop new methods and plans to keep the consumers at their bay. This, in turn, will also improve the economic and financial status of the country. We can always hope for success in the segment in the coming years.

Report Highlights:

• Bus Market Overview Trend and Forecast 2024 – Volume and Value
• CAGR Analysis
• Bus Seating wise Volume
• OEM Application wise Market share
• Qualitative Analysis of the Industry
• Key Drivers of the Industry
• SWOT Analysis
• Application wise Competitor Analysis
• Top Selling Models and their Specs
• Price and Discount analysis
• Margin Analysis
• Product Support and Customer expectation
• Product Analysis – Portfolio, Mapping with Customers and Application, the Life cycle of the vehicle, Product Position, Model wise Best and Worst features
• Brand Analysis and Perception
• Route Analysis
• Premium Bus segment Analysis
• How OEMs planning to introduce or upgrade the vehicle
• Electric Bus Market Forecast
• Bus TCO analysis

Please send your requirement for a customized study to info@autobei.com

The post Indian Bus Market Report 2019 appeared first on Autobei Consulting Group.

The Indian economy is racing ahead of its competitor France in the year 2018 itself. The Indian economy is now considered 6th biggest economy after the US, China, Japan, Germany, and Britain. India is often seen by most economists as a rising economic superpower which will play a major role in the 21st-century global economic development. The Indian economy has the mettle to reshape the world market by its trends and economic structure development.

In the year 2016-17, the bus industry witnessed the highest volumes of sale rate after FY 2012. The sale rate spiked to a super value of 98,000 units.

The high sale rate of a product has marked the enforcement of the bus body code (AIS 052), and the school bus code (AIS 063). For product posting with good growth rate, the industry witnessed the initiation and development of the sleeper bus code (AIS 119), which is claimed to be the beginning of this segment. The progress in this segment was also achieved in the tarmac and double-decker bus code draft project. The injection of good order rate from the government-run state transport undertakings (STUs) and city bus undertakings (CBUs), as well as the private bus fleet operators, played a major hand in the development of the segment.

The bus industry grew thick by 6 percent in the year 2016-17. In the year 2017-18, the bus market sector showed signs of degrowth with a rate of 14 percent. The bus code factor, demonetization, and GST have impacted the STU orders in the year 2017-18. After the bus code relaxation and with the GST is stabilizing now and hence demand is expected to rise again in the future. The industry comprises of buses that are categorized into school buses, mini buses, tourist buses, deluxe buses, commuter buses and others depending on the purpose of their use.  The projected growth forecasted is considered to be 1,40,000 buses in India by the year 2023 in which the major growing contributing segment will be Electric Buses.

Based on the type of the vehicle, the Indian electric bus market is segmented into the battery-driven electric bus (BEB) and hybrid electric bus (HEB). Among these, in terms of volume, the HEB category accounted for more than 85 percent share in the electric bus industry in the year 2017. However, the fastest growth rate is forecast is expected from the BEB category, owing to the higher government support for BEBs as they are more eco-friendlier than HEBs. Based on battery, the Indian electric bus market is segmented into lithium-iron-phosphate (LFP), Lithium Nickel Manganese Cobalt Oxide (NMC) batteries, and others. Among these, the LFP category has recorded the highest volume sales, which has surpassed approximately 80 percent of its sale rate in the year 2017. However, the fastest growth is expected from the NMC category, owing to its declining price rate in the market along with the higher energy density and multiple safety levels that it offers. The Indian electric bus market is primarily driven by the strict government emission norms and regulations and the additional support in the form of subsidies and grants.

The Indian electric bus market is projected to grow at 3 digit CAGR by the year 2025. The growth of the market is majorly driven by the increasing support from the government for electric vehicles and the falling battery prices. The switch over to electric vehicles will happen into STU segment as the first step where the volumes will be maxed 8,000 to 10,000 buses per year, based on budget availability, infra readiness, and other factors. The trials started from the year 2014 onwards, and the adoption of some buses for regular operation started by 2017 and this initiation led to floating the tender for 530 buses in the year 2018. These buses will be scheduled to deploy in ten cities as an initial start-up in the year 2018, as per Govt of India plan. FAME provides subsidies as a financial incentive to buyers of electric vehicles.

The scheme allocated for the scheme is approximately INR 155 crore to meet the demand in the year 2015-2016 and the amount was raised to a level around INR 340 crores between the year 2016-2017. As a result, each mode of transport has experienced some acceleration towards electrification. However, this growth is not the same for all modes of transport. For instance, public transport and paratransit modes have witnessed a higher growth rate when shifting to electrification when compared to private vehicles.

Electric vehicles sale will get impacted in the year 2019 due to the general election scheduled in the year and BSVI implementation by the year 2020. The election will impose restriction by EC guidelines and other political interest. These factors will hamper the sale rate and will have a huge influence on the market as well as the economy.

The Indian government has set a target of becoming 100 percent electric in the public transport in the next 12 to 15 years as envisaged by NITI Aayog. The Indian government has understood the environmental need to switch to electric vehicles and to ensure that it is a success. Several initiatives have been implemented to meet the cause. Globally Several large OEMs are working on electric vehicles concept. Along with the traditional auto OEMs, some new players like JSW are also planning to enter this segment. Simply replacing diesel buses with electric buses will not be enough to compel people to give up the freedom and privacy of their cars and two-wheelers in favor of public transport. Customers will an expectation to have Smart E Bus instead of just Electric Bus.

Currently, there are around 36,000 M and HCV segment and 50,000 LCV segment public transport buses operating across India. The current number of buses is not enough for a country of India’s size and this factor has led to the rapid growth of personal vehicles. This increase in personal vehicle utilization has led to tremendous traffic congestion as well as huge financial loss due to burning fuel during the traffic jam, and pollution. Public transport has to be viewed as a desirable experience by the people. It has to be clean, reliable, safe, and comfortable. The transport system should be connected to all localities so that it is the top choice for commuting.

In the current scenario, Ashok Leyland and Tata Motors are dominating the Indian bus market. Both the companies are striving for the no 1 position. For the first three years starting from 2013 Tata was maintaining No 1 position but in the year 2016 Ashok Leyland grabbed No 1 status, followed that Tata again regained its position in the year 2017.

While Tata is having the presence in almost all the segments of transport, but Ashok Leyland is dominating in MCV and HCV category of buses. Recently VECV launched its sub-5-ton projects which will drastically improve its market share.

All Indian OEM’s are trying to be present in E Bus segment with their new and improved platforms but the Chinese are strong in the global market to start the EV companies like BVD (Olectra). The Chinese companies have started penetrating into EV market very fast with their highly developed products. Due to there earlier experience, they are relatively more comfortable offering an affordable product with proven quality. Other players like M&M, SML are stable with single digit Market share. New Players like Corona, JBM have also started recently venturing into bus market. While Corona is making good progress but on the other hand, JBM is still struggling to make an impact in the market. BharatBenz is one of the top respected global brands and expected to command top end School and Staff bus segment. Even though they are very slow in their growth rate due to their low familiarity with the Indian market and cost competitive environment in India.

Recently Central Govt has relaxed bus body building norms after the state government and the bus operators landed in a tight spot due to the stringent guidelines imposed since October 1, 2017. The norms state that the state government can only register the buses only if they build the bus body with technical specifications (AIS-052 norms) from a workshop having an approval certificate from the Automotive Research Association of India (ARAI) after getting the bus prototype examined by the authorities.

The Industry is facing some challenges like make in India EV Technology, Charging Infrastructure, high initial cost, loss-making STUs, charging range, and other factors. Even with all these hurdles, the government will have style some plans for the improvement and development of the electric vehicles. The increasing fuel cost, alarming pollution rate, congestion in traffic are some factors which can be minimized up to a certain level by the introduction of the electric vehicle. The set-up of factories and development of the project are the major concerning factors which will have government thinking. Instead, the development will initiate new companies into the Indian market which can improve the Indian economy. New initiatives and developments are required in the current market for making a place in the market.

The post Future of Electric Buses in India appeared first on Autobei Consulting Group.

Key highlights of the report:

• Key future Trend Analysis and Market size of School, Staff, Intercity, Intracity, Mofussil, STU, Private, and Special Application.
• Key Players
• Branding building activities by OEMs – Application wise Analysis with the case study
• Consumer Product and Brand perception: Tata Motors, Ashok Leyland, Eicher, SML Isuzu, Mahindra, BharatBenz, Force Motors, Volvo, and Scania
• Economy, Premium, Luxury segment covered
• Product USP
• Seating capacity
• Price range – Chassis & FBV
• Key Models of Technical Specs (Transmission, Engine) and Features
• Key customers
• Sift in Future – Transmission, Engine, Bus body changes, Technology, Emission norms, Entry Step, Floor height, STU processes, Speed, Cost, and Aftersales
• OEM Product Strategy Analysis
• Expected changes in Purchase Decision
• Bus Application wise Path to buy
• Customer comfort expectation
• Fuel wise & OEM wise Sales Analysis – Diesel, CNG, and Electric
• Bus Fleet owner data of Bus segment
• OEMs wise market share Analysis
• Indian Bus Segment Industry Trend – Volume (in Units)

The post Future Trend of Indian Bus Market appeared first on Autobei Consulting Group.

Highlights of the report:

• The latest development on Electric Vehicle & Electric Bus
• Roadmap of E Bus
• Stakeholder Analysis
• Global Overview of E Bus Market
• Indian Bus Industry structure
• Current Indian Bus Industry Analysis
• Electric Bus concept in India
• Classification of Electric Buses
• Feasibility study
• Electric Bus Market size – Trend & Forecast 2030
• Market demand Analysis of Electric Bus
• Bus lengthwise product mapping and demand analysis
• Buying Trend and customer response/expectation
• Expected growth forecast
• Product Specs and Features
• Key Products
• TCO Analysis & Operating cost Analysis
• Application Analysis
• After Sales Support require
• GOI Policy Initiatives
• Green Urban Transport Scheme
• Market Drivers
• Daily Average fleet run
• Bus Performance
• Advantages for all stakeholders
• Bus Application wise Analysis
• Voice of customers
• Pricing Strategy
• Tender opportunities
• Suitable State-wise and City-wise Analysis of Electric Bus along with the Market size
• The real-time case study with other alternative fuels
• Battery technology
• TCO Analysis
• Procurement of Electric Buses
• Challenges & Opportunities
• OEMs product strategy for Electric Bus market
• OEMs partnership Analysis
• Charging infrastructure Analysis and requirement
• Upcoming new players in this segment
• Effective Branding Strategy and activities
• E bus competitor Analysis
• Comparison of Diesel, Hybrid, CNG, and Electric Bus
• Energy losses Analysis
• E Bus Component Analysis
• Supply chain Analysis
• E Bus Technology Concept

Greenfield Project Support service:

• Project Feasibility Report
• Setup Electric Vehicle Factory
• Manufacturing Cost Analysis
• ROI & Risk Analysis
• HR Planning and strategy –
• Export Strategy

The post Indian Electric Bus Analysis Report appeared first on Autobei Consulting Group.

There is huge potential in India for the Buses. Smart Cities or Amrut will drive the Premium Bus segment. Customer affordability is increasing because of increasing in the Young population. Moreover, working women mainly prefer to go in the Premium buses for the safety and comfort reasons. The government was also taking very aggressive decisions on the infrastructure & on the regulations such as max speed of 150 Km/hr on the Delhi corridor, Euro 6 of preponement, AC fitment etc. All these are having a motto of aggressive innovation in India, and this will make the advance costly feature which is available with low and affordable cost such as Tyre pressure monitoring, variable temperatures in AC, Automatic braking thru radar, Air suspension and AMT etc.

Bus Buying Parameters Analysis: There are different buying parameters for every Bus Application. The tender works on entirely different buying condition. In a case of luxury buses, recently the ROI changed from 2 years to around 3 years. This factor is having a negative impact on this segment sales.

In the recent times, in commercial vehicle sector, developments of next 10 years will increase with what has taken place in the previous decade. There are 3 types of technologies which are happening here.

1. Autonomous driving

2. Alternative drivelines

3. Connected Bus (Telecommunications, sensors etc.)

In a broader level, the segment is defined in 3 categories, Premium/Luxury, Value Plus and Low cost. The low-cost segment is moving towards value plus segment. The size of a premium bus market currently is around 2% percentage of the total bus market. In past times, the market was really challenging & has been stagnated. In this premium bus market, coaches & the city buses were having the equal amount of market share. But in coming 5 years, Industry will able to see increased numbers, particularly in coach segment.

Presently, Volvo is the market player in the category of luxury buses and having the market share of nearly 60%. Scania is also be playing in the same segment & snatching the market share from the Volvo Buses.

Six years past, this 50 % of city buses was largely from JNuRMM scheme which is now closed. There is no alternate for the 50 % of volumes which were happening & city bus market almost get shut down. Even though the coach market is growing because of the middle-class, their traveling habits & their affordability.

The buses are the main capital item and the customer is buying it to generate the revenue & profits. The whole ecosystem suppliers, OEMs, dealers & customers are to be in a profit zone. If any one of these is not profitable the entire ecosystem will get fail and then sooner or later, the market will get recover & OEMs will struggle.

The demand for the AC buses is growing very rapidly. Rising the disposable income in India was the main reason. The other reason was to be the increasing temperature levels in every city & also towns across the India. Rising of the urbanization & growing of the infrastructure was also creating the market for the buses & AC buses are no longer will be looked upon as costly alternatives to the conventional non-AC buses. Travelers are also getting ready to pay the high amount for their comfort. With STUs & the city bus, they are undertakings the warming up to the outlook of the AC buses, so the brighter future was certainly towards the bus AC manufacturers.

Investment in the additional capacities was also certainly helping the bus AC manufacturers in order to raise their market reach & also offers a deal which promises the ‘best value for money’. Investment in the R&D centers, application engineering & service networks are the main steps to be implemented in a right direction. This type of steps will also ensure that the AC bus industry will grow beyond the estimated rate of the growth of 15 %.

The market for the bus AC manufacturers was appearing good, in the case of School buses. Most of the STUs & city bus undertakings were already have the AC buses as their flagship offerings. The total number of AC buses in India was been estimated as 10-12 % (around 10,000 units) of the total bus market, the number was growing rapidly. But when we look at the rising demand, it was quite natural for the bus AC manufacturers to gear up for their growth. To be a market leader in India for the luxury bus ACs, Eberspaecher Suetrak, the Indian arm of USD 4.4 billion German major Eberspaecher, is known to supply above 2500 units of its AC 353 model to the large buses till now.

Govt is also taking an initiative to improve public transportation quality by taking several steps. The government came up with the bus building code in order to ensure that, the buses are built as per the stipulated standards which are related to the safety, design & comfort.

AIS: 052 this code represents, that every bus manufacturing unit will obtain the accreditation certificate and to demonstrate its capabilities to build the buses as per some of the safety standards. These rules are set by the ARAI, which is the premier testing & certification agency.

This notification will apply to all of the companies & individuals who are engaged in the bus manufacturing or bus body building of the vehicles, which are having the seating capacity of 13 or even more passengers & all bus types will be covered under this code. From Jan 2018, every bus body code is scheduled to implement completely. We believe that this is a great decision & also a high time that it will be implemented completely. Safety is very necessary for the mass transportation solutions. In past, the bus body building industry has been unorganized from so many decades. Currently, India is having around more than 10,000 bus body builders but very few are organized players. By the presence of huge unorganized sector, safety & the knowledge of regulations goes in a wayward & the bus body code will also address various issues.

Mainly Bus Body Code implementation is now diluted & also staggered over 2 phases – with initial obligations implemented purely on the dimensional criteria. OEM already adopted body code not only just these dimensional aspects but the complete scope of the current version of the Body Code. Cutting corners for the safety, these are OK for the small Body Builders, but not consistent with the OEMs ethos & they took first opportunity to comply in full.

Any type of Bus Body which is built in the OEMs factory is completely compliant with the Body Code. There is some extra amount incurred but it is worth for the customers, passengers & brand value. ACG hope that Govt. should not further stagger or even dilute the implementation & same will be strictly implemented & enforced on schedule time.

Legroom step height, require simulation, driver seat, emergency door, sticker & safety, survival space, OEMs are having the facilities. Prototype requires the heavy amount, everywhere cost consultant, design issue, lobby forced are not implement the bus body code.

OEMs keep high quality of bus compare to local body maker, like Paint shop will cost higher, finally product affected, quality of the front to rear, concentricity, no scratches should be there, all buses should look like same, bumper body gaps, door gaps, no compromise in the testing quality process, care need to be taken for small to smallest things, headlamps life, reliable product issue after the 6 months, no noise vibration, durability should be good in Volvo, Scania bus.

In spite of the growing the popularity of the air travel, there is also a growing trend for the travelers to opt for the buses. It makes more sense to consider a coach. While traveling in between 2 cities which lie within some distance of about 250 km & also well-linked with 4 or 6 lane highways or expressways.

Industry is able to view a major transformation in this particular sector over the next coming 3 – 5 years. The transformation regarding improving the road networks, marginal growth in the railways & also increased the requirement for the mobility, long distance of travel by using the inter-city buses is also going to undergo some volume of shift and also with the customers who are expecting more value from Buses.

Presently Ashok Leyland has a 60 percentage of market share in the inter-city travel application particularly with the non-premium buses, which are trending nowadays. Even though, the market moves towards the comfort & longer distance travel.

Some of the new products are going to launch, in coming 12 – 36 months, a slew of the products in this segment. These products are ranging from Luxury Coaches to simple coaches which are reliable & efficient buses. These product design based on some of the current Platforms.

Presently Indian OEMs are able to seamlessly & reliably implement the good solutions for all the customers in the areas of Telematics, web/app/cloud based solutions, materials & processes including the 3D printing.

But, in-order-to stay in the game, the whole industry still has a to go long way while new frontiers such as Big Data, Internet of Things & other tools will move from the cusp to “mature” part of Gartner’s Hype Curve.

We expect that the industry is going by a revolution & lot of challenges such as changing from the front engine to the rear engine & manual transmission to the automatic transmission. Under FAME initiative, there is a lot of action which is happening in terms of the hybrid & electric buses. Likewise, moving from the non-air-conditioned buses to complete air-conditioned buses, entertainment systems and electronics, composites coming into bus sector, there is a lot of things are happening in bus industry more when compared with the car industry in terms of the transformation.

Mumbai-Pune, Ahmedabad-Vadodara, Delhi-Chandigarh, Delhi-Jaipur, Delhi-Agra, and Bangalore-Chennai, demand the buses & also the luxury coaches will be expanded phenomenally in coming years. Already India’s bus transport business is so huge, and India ranks among the top-10 in the whole world in bus segment. But the market for the air-conditioned luxury coaches is so limited, it is estimated that it is less than about 1,000. Even though the luxury bus segment is growing at the compound annual growth rate of nearly 22.7% from 2011 to 2016. Value Bus also registered growth but low-cost segment showed de-growth in the same period.

Currently, the market does not have so many electronic engines, the penetration of the AMT in the commercial vehicles space is also very less. Now with the BS-IV emission norms in the place, it becomes the starting point of the AMT engines. The technology is also expected to penetrate gradually, possibly starting with city bus applications. The comfort of the driving & more fuel efficiency will play an important role to influence the buying behavior. In trucking segment, the intra-city vehicles, where there is a need to have so many gear shifts, would be the first ones to adopt the AMT technology. In Europe, penetration is already 80 percentage. In next five years, this technology will have at least 30% of the Indian commercial vehicles.

ACG estimates that the market electric & hybrid buses in India will reach to 400-500 units in next year.

6 High Power Euro engines, Electric/Hybrid /Bio Gas Buses, AMT and Automatic brakes thru Radar.

16 years back Volvo has been launched & created its own brand when every Indian assumed as the cost sensitive. Now Scania & MB are using this brand new premium bus market created by Volvo. The trend is for the Sleeper buses along with the water closets for the long distance as the train availability will remain constraint in India. Tata Motors has launched 2 electric buses: one is stretching 9 meters & other is 12 meters under the Ultra range, & a 12-metre hybrid with Starbus badge. The prices are in between Rs 1.6 crores to Rs 2 crores. Incentives on the electric buses will be given on the project basis: The buyer is refunded by 75% of the capital cost for an electric bus. The industry requested the Ministry of Heavy Industries to extend incentive to all the orders. We expect the segment is set to the witness a compounded of annual growth rate of 20-25% in coming 3 years, as the state transport was undertakings have shown the sustained increase.

The main motto is to encourage the people to step out of their cars & to start using the public transport. This is badly needed because of the traffic congestion. Even though, the public transport needs an attractive experience in terms of the timeliness, cleanliness etc. Customers are ready to pay more amount of money for their comfort & safety and also for the other features such as AC & sleeper coach are trending very much when compared with the normal rather than the luxury.

Aviation tickets are also decreasing & they will compete in the future with the Premium buses customers. Fast trains & metro train are expected soon for various cities & will impact the market of the Buses. Availability of the spare parts, cost & service network will remain as a challenge. Electronics service will also remain as a challenge because very few experts can able to handle in case of the field issues.

Rapid increasing of the infrastructure development & smart cities regulations will automatically push the Premium bus market.

Euro 6 preponed & Euro 5 totally skipped Aggressive implementation of regulations such as BS4 /Bus code etc. HVAC for the commercial vehicle should plan in 2017 itself, very good focus on the Smart Cities & Tourism, this will attract various passengers for the premium buses. Electric Buse’s policy in the place (FAME) & ambitious aim of replacing all the Buses to the electric by 2030 – 2032 by Cabinet minister Mr. Piyush Goyal.

Excellent Multifold progress in the infrastructure when compared with past decades. Bharatmala is projected, and the main motto of the project is to connect almost all the directions in India. Various Metro/Smart City projects will able to drive the infrastructure growth. Various airports are also planned in the coming years.

Under Make in India, innovations cost significantly will be decreased. GST will also have some positive impact on this industry. Make in India Policy will also promote local supplier. This move will give cost effective products. Battery cost of the electrical vehicles is also expecting to decrease by 50% in last 2 years.

The post Indian Bus Market Strategy Analysis 2017 appeared first on Autobei Consulting Group.