India electric bus market is estimated to grow at a significant CAGR during the forecast period. The rapidly increasing urbanization of India creating demand for improvement in public transport along with the cohesive government initiatives and schemes is one of the major factors to drive the growth of the India electric bus market. In July 2019, the Government of India unveiled the National Electric Mobility Mission Plan (NEMMP) 2020 to amplify the growth of the electric and hybrid components of the automotive sector with the main focus on fast-tracking the manufacturing and introduction of EVs in India.
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