In­dian M&HCV bus mar­ket ac­cel­er­at­ing to 70,000 units

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As per a Skoda busi­ness re­view, the In­dian M&HCV (more than 7.5T GVW) bus mar­ket will ac­cel­er­ate from 40,000 units in 2015 to around 70,000 units by 2020. With its lux­ury bus seg­ment hav­ing grown fastest over 2014 and 2015, In­dia is pre­dicted to be one of the key mar­kets for Euro­pean and In­dian OEMS. Its low­cost seg­ment is ex­pected to grad­u­ally shift to the bud­get seg­ment through 2016-2020. By 2018, the In­dian mar­ket will wit­ness bus price in­crease (3-4%) as well as in­crease in com­mod­ity price, ma­te­rial and pro­mo­tional costs (2-5%) and sig­nif­i­cant fluc­tu­a­tions in ma­te­rial cost and other in­ci­den­tal ex­penses. ‘Go green’ bus tech­nol­ogy will play an im­por­tant role driven by fu­ture mar­ket trend. With bus trans­porta­tion rapidly be­com­ing the back­bone of public trans­port in In­dia, bus sales will in­crease and ex­ports es­ti­mated to zoom beyond the 71% ex­port fig­ures recorded in 2014.

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