Key Market Indicators
The country ranked number 17 in 2021, behind Macedonia. China, Germany and Poland respectively came in numbers 2, 3 and 4 in this ranking. Export of buses from India is projected to reach $189 million by 2026, down 0.4% annually on average, from $191 million in 2021. Since 1993, Indian exports have declined 2% each year. In 2021, India occupied 16th place in the global ranking, with Macedonia ahead of it, at $191 million. China, Germany and Poland were respectively the 2nd, 3rd and 4th largest exporters. Indian import of buses is expected to reach $7 million by 2026, growing 1.6% annually on average, from $6.3 million in 2021. Since 1993, Indian demand has increased 10.1% yearly. In 2021, India was 17th in the global ranking, with Macedonia ahead of it. China, Germany and Poland occupied the 2nd, 3rd and 4th spots.
