The Indian bus market exhibited a nominal growth in FY2016, the domestic leading players Tata motors limited and Ashok Leyland limited shares almost 50% of total Industries volume. The overall performance of the bus OEM’s is reasonably better in FY2015 compare to FY2014. M&HCV segment rises 5.69 % in FY2016 from FY2015, where LCV segments experience a minimal growth % in FY2016 from FY 2015. Understanding Indian bus market was complicated due to the diverse user base and widespread applications in India, however with the bus body code in place we anticipate applications consolidating their wants and needs.
This report endeavors to provide a clear and comprehensive analysis of the Indian bus and coach markets. Competitive analyses of these markets are broken down by gross vehicle weight and then by application, comfort level, capacity and chassis and body type. The report also provides an in-depth review of total bus unit sales by the type of transmission, auxiliary brake, fuel type and engine positioning, i.e. front or rear engine.
The macro and micro trends that influence the bus and coach market segments are considered and the report provides a detailed view of the various investment opportunities based on the current and future development of the industry as outlined in the report. Another important feature of the report is the analysis of the pricing trends in the Indian bus market.