India is  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  Feb 2020, there are more than 2,000 electric buses running in various parts of India, mostly by private operators.

Info Graphic: India Electric Bus Market



Infographic: India electric bus market report


  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 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 mini buses. Although, incentives in FAME 1 were higher (upto 10 million INR-$140,000)
  3. The first first inter-city electric bus service with a range of 300km, between Mumbai and Pune was inaugrated 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 OPEX model. In OPEX model, the vendor selected via competitive bidding bears the cost of acquiring, ticketing and running the vehicle whereas the lesse(government) pays charges on per kilometre basis


As of Dec 2019, more than 23 State transport undertakings had placed cumulative order for ~5,500 electric buses to be delivered by 2024.

Maharshtra, 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.


  • Tata Motors has 9 meter AC Electric bus with 150 kilometers on a single charge
  • JBM Group `s electric bus  can run 150-200 kms in 10-15 hours of city transport activity, contingent upon the city’s traffic conditions
  • Olectra Greentech Formerly Goldstone Infratech in tie-up with BYD Auto has a  9 meter(32 seater) AC low floor bus and can deliver 250 kms in a single charge. The powerful AC charging framework empowers the battery to get completely energized in 2-3 hours.
  • In Feb 2020, BYD- Olectra launched a new electric C9  45 to 49-seater  electric bus with 350 km range on a single charge with max power of 360 kw and a speed of over 100 kmph, aimed at inter-city transportation. It plans to deply 300 such buses across Public and private operators.
  • The Eicher Skyline Pro E buses  are powered by REVOLO technology, which is an inventive stage that works on a lower voltage and permits recovery to have the most extreme conceivable range with the least conceivable battery.



Presently, BYD-Olectra is a leading player in India electric bus market with more than 200 buses plying across also has sizeable 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. 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.




  • 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

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Frequently Asked Questions (FAQ)


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1Market Segmentation
2Scope of the report
4Research Methodology
5Executive Summary
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2020-2025
18Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025
19Market Segmentation, Dynamics and Forecast by Application, 2020-2025
20Market Segmentation, Dynamics and Forecast by End use, 2020-2025
21Product installation rate by OEM, 2020
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2020
29Company Profiles
30Unmet needs and opportunity for new suppliers


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