Low base effect and new purchases via JNNURM scheme to fuel growth.
The Indian bus market which hasn't seen improvements in overall sales, will witness a growth of 10-12 per cent in the next financial year, SIAM's Deputy Director General, Sugato Sen, was quoted saying so by PTI.
At the ongoing Bus & Special Vehicle Show organized in the NCR, the above mentioned statement was made. The event, which runs from January 15 to January 17 will have a number of commercial vehicle exhibits, while some new launches have been made at the show too.
The reason behind the high growth estimate is because of a low base effect. Apart from that, there will also be delivery of government-run city buses under the JNNURM programme, which will further add to the sales.
Coming back to the ongoing Bus & Special Vehicle Show, it is currently in its 4th edition, and is organised at Media Expo Mart in Greater Noida.
[Source - Economic Times]