India Electric Bus Market Size, Share and Growth Insights

The Indian electric bus market is rapidly rising, ascribed to government initiatives, legislation, and schemes. Along with these, rapid urbanization, a rise in domestic manufacturing, and growing environmental awareness contribute to the surging traction of electric buses on the road.

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Moreover, the strict regulations on emission norms and government guidelines for energy-efficient vehicles have resulted in a rising focus on OEMs for alternative fuel vehicles, thus resulting in the rising electric vehicle traction in India.

Under the type segment, the BEB category holds a substantial share of the electric bus industry in India, ascribed to the rising government support as subsidies, incentives, and other financial benefits to encourage the adoption of eco-friendly transport in the public fleet. Numerous manufacturers are focusing on enhancing the product portfolio by adding BEB, which thus results in industry propulsion.

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Under the type segment, the LFP holds a significant share of the electric bus industry in India. This category is projected to dominate the industry in the coming future, in terms of value, and volume. It is ascribed to the high charging speed and safety features of these batteries compare to others, resulting in their growing preference for large electric buses.

Under the application segment, the intracity holds the larger share of the industry, attributing to the rising urbanization, and growing environmental awareness led by the government initiatives, incentives, and regulations that encourage the domestic manufacturing of electric vehicles.

Under the length segment, the

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