India Electric Bus Market 2024-2030

    In Stock

    INDIA ELECTRIC BUS MARKET

    India is the world’s second biggest bus market after China, with ~90,000-100,000 units sold per annum. But, more than 95% of them are Diesel powered. As governments around the world push for E-mobility, India is also making a concerted push for faster adoption of Electric buses.

     

    As of January 2021, there are more than 5,000 electric buses running in various parts of India, mostly by private operators. Estimating the number to grow at a faster pace according to the Transport minister, New Delhi alone is predicted to have a fleet of 2,000 electric transport buses by the end of the year 2021.

     

    The COVID-19 pandemic hampered the growth of the automotive industry amid the lockdown as the manufacturing and transportation industries plummeted worldwide. Since, the development of the automotive industry is in proportion to the growth of electric vehicles, new pandemic waves based on the emergence of mutant strains may hinder the recovery in some countries.

     

     

    Info Graphic: India Electric Bus Market

    The governments across different parts of the world have pushed for E-mobility to reduce the carbon footprint and introduced initiatives to make the public transport system environmentally sustainable.

     

    The government of Switzerland with the Transport Green Deal 2016-2020 in place, estimates to expand the electric vehicles market by 15% by the end of 2022. However, the battery-electric buses in China will increase moderately from 2022-2025 because of the revised subsidy program that entails reduction in subsidies and incentives.

     

    INDIA ELECTRIC BUS MARKET SEGMENTATION

     

    Infographic: India electric bus market report

     

    INITIATIVES FOR PROMOTING INDIA ELECTRIC BUS MARKET

    1. The government think-tank “Niti Ayog”  has issued a model concession agreement for public private partnership (PPP) aimed at the operation and maintenance of electric buses across various cities in India
    2. The FAME-2 scheme proposes an incentive of up to  5.5 Million INR( ~$800,000) for long electric buses, 4.5 Million INR( ~$650,000) for midi buses and 3.5 Million INR( ~$500,000) for minibuses. Although, incentives in FAME 1 were higher (upto 10 million INR i.e., ~$140,000)
      1. The scheme also allocates Rs10,000 crore INR ($1.4 billion) for charging infrastructure and demand incentives based on the specifications of vehicle size, battery technology and fuel consumption efficiency.
      2. The FAME-2 scheme also allocated 3,545 crore INR ($500 million) to support union territories to adopt approximately 7000 electric buses.
    3. The first first inter-city electric bus service with a range of 300km, between Mumbai and Pune was inaugurated on 14th Feb 2020.The government of India has asked private parties to setup EV charging infrastructure on India`s first Electric highway on Delhi-Mumbai to promote E-mobility including E-buses on regional routes
    4. The West Bengal state government now plans to procure 80 Electric buses via the OPEX model. In the OPEX model, the vendor selected via competitive bidding bears the cost of acquiring, ticketing and running the vehicle whereas the lesser (government) pays charges on a per kilometre basis.
    5. Under the FAME India scheme, entwining of renewable and sustainable energy sources with charging stations with the help of smart grid enabled technology will instill confidence among EV users.
    6. The Jawaharlal Nehru National Urban Renewal Mission (JNNURM) will provide fiscal incentives through the central government towards the funding for fleet mass augmentation.
    7. The procurement of electric buses can be fulfilled under the schemes given by the DHI (Department of Heavy Industries) under FAME-1, where they provide upto 60% subsidy for the purchase over 3 years in installments of 20% per year.
    8. The government of Chandigarh has been sanctioned to receive a grant subsidy of 5 million INR for each of the 80 deployed electric buses by the central government.

     

    INDIA ELECTRIC BUS MARKET SIZE AND FORECAST

    The electric bus market in India was expected to grow at a compound annual growth rate of XX% during the period of (2023-2030) valued at $XX Billion in 2022.

     

    As of March 2021, the central government has assigned 35.45 billion INR ($486 million) as incentives for the deployment of 7,090 electric buses, with support of subsidies amounting to 5 million INR ($69,000) per bus. Presently, 5,595 electric buses have been allocated to 64 cities and State Transport Unions, analysed to run over 3 billion kM without emissions from tailpipe.

     

    Maharashtra, Uttar Pradesh and Gujarat have sanctioned 725, 600 and 550 E-buses respectively i.e. 35% of total E-bus orders in India for next 4-5 years.

     

    The Delhi government has announced the addition of 300 fully electric low-floor buses to the Delhi Transport Corporation (DTC) by the end of the year 2021 to be operated by JBM and TATA group. The first consignment of 118 buses will befall in october following 100 in November and 60 in December, the remaining buses will likely be added by January of next year.

     

    The West Bengal government deployed 80 e-buses under the FAME-1 scheme which was followed by Himachal Pradesh (75) and Maharashtra (70). The total 400 buses deployed under FAME-1 were supplied mostly (215) by Tata Motors, supplying to five out of the eight states. Pune is estimated to deploy 150 more e-buses to PMPML by the end of 2021 as well as Maharashtra is ready to convert 30% of its BEST buses to electric in the coming five years.

     

    The Rajasthan government under the FAME-2 scheme of the central government has been allotted 150 new electric buses. However, with the advance in the COVID-19 crisis, the Rajasthan government postponed the trial for a year and are now planning to introduce 48 electric buses on the Jaipur-Delhi highway.

     

    The largest share was held by the southern region of India in the E-bus market, in the year 2020. This market was mainly powered by the early adoption of E-buses in Hyderabad and Bengaluru, when Hyderabad became the very first city in India to deploy and run E-buses in 2019.

     

    In order to optimise clean energy initiatives, the government of Bihar has commissioned 12 new E-buses to be operated in the state. With the successful operation of these 12 buses between Bihar and Patna, 70 more E-buses will be deployed between all the 38 districts.

     

    INDIA ELECTRIC BUS MARKET DYNAMICS

    The state government has begun trials of a zero emission and noise free Olectra Greentech 12-metre eBuzz with a 34+Driver seating capacity to fight rising pollution levels in Bangalore.

     

    The eBuzz K9 model is powered by a lithium-ion iron phosphate battery that can travel up to 200 to 250 kilometres on a single charge, depending on traffic conditions and load. A.C., Advanced Braking System (ABS), Front and Rear Air Suspension, SOS System, Emergency hammers, Monocoque Chassis in wheel drive, Kneeling Mechanism with opulent interiors are among the best in class features of the eBuzz K9.

     

    Olectra Greentech, a subsidiary of Megha Engineering and Infrastructures Ltd (Meil), a Hyderabad-based multidisciplinary conglomerate, has announced that it has secured the largest ever order for 2,100 electric buses from Bhrihanmumbai Electric Supply and Transport (BEST) worth Rs 3,675 crore.

     

    After being declared as an L1 (least quoted) bidder, Evey Trans Private Ltd (EVEY), an arm of Olectra, received the letter of award from BEST.

     

    BEST had stated that the 2,100 electric buses that would be procured through a competitive bidding process would include double-decker buses, mini-AC buses, midi-AC buses, and single-decker buses, and that at least half of the company’s overall fleet would be electric buses, with the goal of having the entire fleet be electric buses.

     

    ELECTRIC BUSES AVAILABLE IN INDIA

     

    Sl No Manufacturer Series Name Length(in mtrs) Range (in km) Max Power (in kW) Charging Time Top Speed (km/h) Seating Capacity Approx Cost (₹ Cr)
    1 Tata Star Urban E-Bus 9 150 245 2-3 hrs 75 40+driver 1.5-1.5
    2 Tata Star Ultra Urban E-Bus 9 170 245 2 75 31+driver 1.5-2
    3 JBM Group Ecolife 9 & 12 200 150-200 N/A 75 36+2 & 40+2 N/A
    4 Olectra K Series 6 200 180 3-4 80 22+driver 1.4
    5 Olectra K Series 7 200 180 2-3 70 31+driver 1.6
    6 Olcetra K Series 9 300 180 4-5 80 39+driver 1.8
    7 Olectra-BYD C9 9 350 360 N/A 100 45-49 2.5
    8 Eicher Skyline Pro E 9 177 N/A N/A N/A 44-45 N/A
    1. Ashok Leyland has sanctioned the launch of its new range of electric buses with ABB’s flash-charge TOSA technology, with the help of this technology, the battery can be recharged in minutes while passengers exit and enter the vehicle.
    2. The NTPC has launched the hydrogen fuel cell based electric vehicles project, in lieu of which, they have sanctioned 10 hydrogen fuel cell E-buses to be operated in Delhi. Additionally, they have also deployed hydrogen fuel cell based cars to be operated in Delhi and Leh.

     

    INDIA ELECTRIC BUS MARKET COMPETITIVE LANDSCAPE

    Presently, BYD-Olectra is a leading player in India electric bus market with more than 200 buses plying across the country.it also has a sizable chunk of new orders(1,500+ buses) in pipeline from various STUs(State Transport undertaking).

     

    PMI Electro Mobility Solutions, has a technical tie-up with Chinese CV maker Beiqi Foton Motors, is the second most popular choice of STUs for E-bus. It has close to 800 E-bus orders till date. China is the leader in the deployment of electric buses with 421,000 E-buses operating in cities with a pace of 9,500 buses circulating every five weeks.

     

    The market leaders of conventional buses, Tata and Ashok Leyland have developed hybrid as well as Pure electric buses but have very few electric buses plying on Indian roads at present.

     

    INDIA ELECTRIC BUS MARKET COMPANY PROFILES

     

    THIS INDIA ELECTRIC BUS MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    • Market Size and Forecast, by geography($M)
    • Opportunities and risks in India Electric Bus  Market 
    • Important technology trends and regulatory changes
    • 5 key predictions for next 5 years in India Electric Bus  Market 
    • Competitive landscape and market share of leading vendors

    Request customization

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
       
    0
      0
      Your Cart
      Your cart is emptyReturn to Shop