India Electric Bus Market is Slated to Grow Rapidly in the Forthcoming Years with Top Leading Players

1. India Electric Bus Market Growth, Segments, Size, Industry Analysis and Opportunities 2025 1 ©P&SIntelligence.Allrightsreserved

2. There has been a sharp rise in the popularity of electric vehicles in India over the last few years. This is mainly because of the increasing pollution levels and global warming in the country. In addition to this, the soaring number of incentives, in the form of investments and subsidies, being implemented by the government is further boosting the adoption of electric vehicles across the country. The Ministry of Heavy Industry and Public Enterprise drafted the eligibility criteria and guidelines for the availing of the FAME II incentives for passenger vehicles, two-wheelers, and electric buses in March 2019. Similarly, “the Green Mobility Scheme was enacted by the Ministry of Housing and Urban Affairs (MoHUA) at the Urban Mobility India (UMI) Conference and Expo in November 2017 for revolutionizing the public transport infrastructure in 103 cities across the country”. “This would be achieved by the procurement of 6,000 regular buses and 20,000 paratransit vehicles running on alternative and clean fuels”. Furthermore, the Ministry is rapidly implementing various other programs such as the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and the Smart Cities Mission for developing urban infrastructure, especially the utilities and promoting the adoption of green mobility. Request to Get the Sample Report@ https://www.psmarketresearch.com/market- analysis/india-electric-bus-market/report-sample Besides the favorable government policies and measures, the rapidly falling prices of the Lithium-Ion (Li-ion) batteries is also fuelling the demand for electric buses in the country. “As per the observations of the industry leaders, the average costs of the lithium-ion battery cells, for large orders, reduced from approximately $1000 per kilowatt-hour (kWh) to nearly $333/kWh from 2010 to 2018”. As these batteries account for almost 25–40% of the total manufacturing costs of the electric buses, their falling prices would significantly propel the sales of electric buses in the country in the future years. “Across the country, theIndian electric bus market registered the highest growth in the southern region of the country during the last few years”. This is mainly credited to the high sales of electric buses in the southern states and cities in the last several years. However, despite the high requirement of the electric buses in the southern region, the market growth rate in the region would be outpaced by that in the northern region in the upcoming years. Hence, with the growing implementation of favorable government policies and measures and the reducing costs of lithium-ion batteries, the sales of electric buses will surge all over the country in the years to come. The research offers size of the India electric bus market for the period 2018–2025 INDIA ELECTRIC BUS MARKET By Type – Battery Electric Bus (BEB) and Hybrid Electric Bus (HEB) By Length – Less than 10 meter and More than 10 meter

3. By Battery – Lithium–Iron–Phosphate (LFP), Lithium–Nickel–Manganese–Cobalt Oxide (NMC), and Others By Region –South, East, West, and North This study covers Historical and the present size of the India electric bus market Major factors driving the market and their impact during the short, medium, and long terms Market restraints and their impact during the short, medium, and long terms Recent trends and evolving opportunities for the market participants Historical and the present size of the market segments and understand their comparative future potential Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders Major players operating in the market and their service offerings Recent strategic developments by the major players in the market 3 ©P&SIntelligence.Allrightsreserved

4. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd.

5. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 4 ©P&SIntelligence.Allrightsreserved