India's Green Revolution: The Rise of Hydrogen Buses
Key Ideas
  • The Indian hydrogen bus market is projected to reach USD 1 billion by 2035, growing at a CAGR of 30% from 2025.
  • Government initiatives like the National Green Hydrogen Mission and investments in infrastructure are driving the adoption of hydrogen buses.
  • Hydrogen fuel is seen as a cleaner alternative, reducing air pollution, promoting energy security, and offering cost-effective solutions in the long run.
  • Partnerships and advancements in fuel cell technology are key drivers in the growth of hydrogen mobility in India.
The Indian hydrogen bus market is on the brink of significant growth, fueled by the government's emphasis on green energy and sustainable transport solutions. The sector is expected to witness a substantial increase in value, with projections indicating a market worth nearly USD 1 billion by 2035, expanding at a considerable Compound Annual Growth Rate (CAGR) from 2025 onwards. India's shift towards zero-emission public transportation, driven by concerns over air pollution and escalating fuel expenses, is propelling the adoption of hydrogen-powered buses. Supported by initiatives such as the National Green Hydrogen Mission and investments in hydrogen infrastructure, India is establishing itself as a prominent player in the global hydrogen mobility sector. Key drivers for this growth include rising air pollution concerns in major cities, government policies promoting hydrogen adoption, the expansion of renewable energy sources, the cost-effectiveness of hydrogen fuel, and technological advancements in fuel cells. The market presents various growth opportunities such as expanding hydrogen refueling stations, integrating with smart city projects, increasing public and private investments, domestic manufacturing of hydrogen buses, and exploring export potential. The application of hydrogen buses spans urban public transport, intercity and long-distance travel, as well as airport and corporate shuttle services. Major players in the Indian hydrogen bus market include Tata Motors, Ashok Leyland, and Olectra Greentech Ltd. The market is segmented based on technology type, bus type, and end-users, showcasing a variety of offerings to cater to different needs. Overall, the rise of hydrogen buses in India signals a positive shift towards cleaner and sustainable mobility solutions, positioning the country as a frontrunner in the global hydrogen mobility landscape.
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