BUS MARKETS NEWS * India
* India - Strong demand for buses in
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New Delhi,India -Busworld (Belgium) -3 Dec 2012: -- India is the second largest market in the world for buses and coaches, by a long way. Only China is a larger market... Putting India into perspective, annual demand for buses and coaches above 8 tonnes gross is normally around twice that of Western Europe... Since the start of this century, India has had dynamic economic growth... Until quite recently, the market was dominated by two very large domestic manufacturers, Ashok Leyland and Tata Motors, both of whom are in the top five in the world in terms of volume. The size of the market has tempted some of the main European manufacturers to establish subsidiaries and joint ventures in India. This has stimulated the whole of the manufacturing industry... It is estimated that the population of India is nearly 1.2 billion. According to the International Road Federation, at the end of 2009, there were only 12 cars per 1,000 people. Although sales of cars are rising, it still means that a high percentage of the population is...
Labels: bus markets
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