India's export of buses has shown significant fluctuations over the years. From 2013 to 2023, there have been periods of considerable growth and decline. For instance, exports peaked in 2017 and experienced a notable dip in 2018, resulting in a trend of instability. Most recently, in 2023, the value stood around 200.31 million USD, representing a slight 0.1% decrease from the previous year. The average CAGR over the last 5 years leading up to 2023 shows moderate positive growth of 3.1%, but future forecasts suggest a more stagnant trend with only a negligible negative CAGR of -0.07% predicted through 2028.

Future Trends to Watch For:

The impact of global economic conditions on demand for buses.
Advancements in electric and green technology driving changes in export dynamics.
Trade policies and bilateral agreements which could influence export volumes.
Increase in urbanization across developing countries potentially boosting demand.