Buses - India

  • India
  • Revenue in the Buses segment is projected to reach ₹77.76bn in 2023.
  • Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 5.56%, resulting in a projected market volume of ₹96.55bn by 2027.
  • In the Buses segment, the number of users is expected to amount to 125.1m users by 2027.
  • User penetration is 7.5% in 2023 and is expected to hit 8.5% by 2027.
  • The average revenue per user (ARPU) is expected to amount to ₹0.73k.
  • In the Buses segment, 59% of total revenue will be generated through online sales by 2027.
  • In global comparison, most revenue will be generated in China (₹427.50bn in 2023).
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