BUSMAKERS' MARKET * India
* New Delhi - Norms and buyer preferences set the wheels rolling
-- The bus-building industry in India is set to see its fortunes rise, after a period of lacklustre, and even negative, growth in the past decade. In the first 11 months of 2015-16, the domestic bus segment (medium and light) has registered an about 15 per cent rise compared to almost flat growth in FY15... The improvement has been driven by fresh orders by state transport undertakings, improvement in viability of private players (following a correction in diesel prices) and pre-buying ahead of BS-IV norms mandate... The bus market in India has been a fragmented industry... The introduction of the new Bus Body Code last year is a trigger for growth and is now expected to fuel strong demand for fully-built or factory-built buses, resulting in a shift of buyer preference to Original Equipment Manufacturers. Ashok Leyland is the leader in the bus market (medium and heavy segment), with 45 per cent share, followed by Tata Motors (34 per cent). Others include VE Commercial Vehicle, SML Isuzu and Mahindra & Mahindra, while Volvo has been operating in the premium segment. The latest entrants in India are Daimler and Scania... Mumbai, India - The Hindu, by G. BALACHANDAR - April 11, 2016
Labels: bus markets, busmakers news India
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