Global Bus Market Size, Share, Opportunities, and Trends Report Segmented By Application, Fuel Type, Seating Capacity, and Geography – Forecasts from 2025 to 2030

Bus Market Size:

The global bus market is set to climb from USD 80.213 billion in 2025 to USD 105.383 billion in 2030, at a CAGR of 5.61%.

Bus Market Key Highlights:

• Increasing urban population is driving demand for buses in global public transport.
• Growing government investments are boosting bus infrastructure in developing countries.
• Asia Pacific is leading the market with a high reliance on public transportation.
• Advancing electric bus adoption is enhancing sustainability in urban mobility solutions.

The global bus industry, a vital segment of the public transport market, drives innovation in the commercial vehicle market. This market focuses on passenger transport solutions and addresses the increasing demand for efficient urban mobility. Buses, ranging from city transit to intercity coaches, support sustainable and accessible transportation systems. Advanced technologies, including electric and hybrid propulsion, enhance environmental performance and operational efficiency. As urbanization intensifies, the market delivers scalable, cost-effective solutions for mass transit. Market players recognize its critical role in reducing congestion and emissions, shaping the future of sustainable, connected transportation in urban and regional landscapes.

The global bus market is expected to grow due to the rapid increase in the urban population worldwide, especially in underdeveloped and developing countries, which is prompting an increased need for transportation, and hence a larger number of buses. Also, various developing countries, like China and India, among many others, have been making large investments in their public transport and buses, which is further anticipated to drive the growth of the global buses market during the forecast period. For instance, in February 2021, the Indian government, while presenting the Union Budget 2021-22, announced an Rs 18,000 crore scheme to augment public transport in urban areas. The government stated that it would work towards raising the share of public transport in urban areas through the augmentation of the city bus service.

Bus Market Trends:

The global bus market is advancing with bus electrification, driving decarbonization of public transport to meet sustainability goals. Urbanization's impact on the bus market fuels demand for sustainable public transport, with bus rapid transit (BRT) systems optimizing urban mobility. Mobility-as-a-service (MaaS) bus integrates seamless, on-demand transit solutions. Passenger comfort features, like ergonomic seating and Wi-Fi, enhance the user experience, while safety features in the bus, including ADAS and collision avoidance, improve reliability. Innovations in electric and hydrogen-powered buses reduce emissions, aligning with environmental regulations. These trends are reshaping public transport for efficient, eco-friendly, and passenger-centric urban solutions.

Bus Market Growth Driver:

• RISE IN URBAN POPULATION

The rise in population worldwide, especially in urban areas, has led to an increase in the need for transportation, which is one of the prominent factors anticipated to propel the growth of the global bus market during the forecast period. According to data from the World Bank, the worldwide urban population in 2014 accounted for 3.877 billion in 2014 which rose to 4.274 billion in 2019. In 2010, 50.65% of the world's population lived in urban areas and the share has increased to 55.72% in 2019. The population growth trend is expected to continue in the future and is expected to increase to 68% by 2050, as estimated by the “2018 Revision of World Urbanization Prospects” by the United Nations. The projections show that urbanization, the gradual shift in residence of the human population from rural to urban areas, combined with the overall growth of the world’s population, could add another 2.5 billion people to urban areas by 2050, with close to 90% of this increase taking place in Asia and Africa. By 2030, the world is projected to have 43 megacities with more than 10 million inhabitants, most of them in developing regions.

This growth in urban population puts the transportation system of the concerned region under great stress, as the demand for transportation increases. According to the UN, by 2050, it is projected that India will have added 416 million urban dwellers and China 255 million. The rapid rise in population is more prevalent in underdeveloped and developing countries, especially in Asia and Africa, which increases the need for enhanced transportation in these countries. Thus, with an increasingly urban population leading to an increased need for transportation, the increase in population is anticipated to propel the growth of the global bus market during the forecast period.

Bus Market Segmentation Analysis:

• Electric Bus Market to Grow at the Highest CAGR 

By type, the global bus market is segmented into diesel, electric, and others. The diesel segment is expected to hold the major market share during the forecast period, whereas the electric segment is estimated to grow significantly between 2019 and 2026. The growth of the diesel segment is mainly attributed to the conventions attached to diesel buses and the reluctance to adopt them by local agencies in developing countries.

Moreover, the high cost and investment attached to the electric buses incentivize small local agencies to stick to diesel buses. However, the electric segment is expected to grow at a fast rate owing to the regulations imposed in both developing and developed countries, along with the grants given by the governments. Technical factors like battery optimization also play a role in the demand for electric buses. Compressed natural gas, gasoline, and hybrid fuels are studied under the other segment.

• Transit Bus Holds a Significant Share

By application, the global bus market is segmented into school buses, transit buses, and others. The market growth can be majorly attributed to the growing need for means of transportation and the rising population in urban areas. Booming urbanization and industrialization are major factors driving the demand in the global bus market. Growing environmental concerns and stringent emission regulations have encouraged countries to adopt electric buses for day-to-day purposes.

Besides, growth in the bus market at a world level is majorly driven by growing demand in emerging economies where tourism and public transportation industries are expected to expand at an exponential rate, supported by favouring government incentives and policies. According to the Bureau of Transportation Statistics report 2020, a total of 884,398 interstate buses ply locally in the US. As compared to other modes of transport, school buses are built with higher safety standards, protective seating, and rollover protection. Whereas the transit buses are specially designed for local commuting and facilitate public transport service for the general public.

Bus Market Geographical Outlook:

• Asia Pacific is the Largest Market

Based on geography, the global bus market is segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.  The Asia Pacific region is anticipated to hold a significant share during the forecasted period. The region is dominated by low and middle-income households, most of which are unable to afford their private vehicle. Commuting by public transportation, therefore, is preferred by consumers. This drives the demand for public vehicles and hence the demand for buses.

List of Top Bus Companies:

• SML Isuzu Limited
• Force Motors Limited
• Mahindra and Mahindra
• Solaris Bus & Coach S.A.
• BYD Company Ltd.

Bus Market Scope:

Report Metric	Details
Bus Market Size in 2025	USD 80.213 billion
Bus Market Size in 2030	USD 105.383 billion
Growth Rate	CAGR of 5.61%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Application Fuel Type Seating Capacity Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Bus Market	Yutong Daimler AG Volvo AB Eicher MAN
Customization Scope	Free report customization with purchase

 

Global Bus Market Segmentation:

• BY APPLICATION
  • School Bus
  • Transit Bus
  • Others
• BY FUEL TYPE
  • Diesel
  • Electric
  • Others
• BY SEATING CAPACITY
  • 15-30
  • 31-50
  • More than 50
• BY GEOGRAPHY 
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Others

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1. INTRODUCTION

1.1. Market Definition

1.2. Market Segmentation

2. RESEARCH METHODOLOGY 

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

5. GLOBAL BUS MARKET BY APPLICATION

5.1. Introduction

5.2. School Bus

5.3. Transit Bus

5.4. Others

6. GLOBAL BUS MARKET BY FUEL TYPE

6.1. Introduction

6.2. Diesel

6.3. Electric

6.4. Others

7. GLOBAL BUS MARKET BY SEATING CAPACITY

7.1. Introduction

7.2. 15-30

7.3. 31-50

7.4. More Than 50

8. GLOBAL BUS MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. North America Bus Market, By Application, 2019 to 2026

8.2.2. North America Bus Market, By Fuel Type, 2019 to 2026

8.2.3. North America Bus Market, By Seating Capacity, 2019 to 2026

8.2.4. By Country

8.2.4.1. the USA

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. South America Bus Market, By Application, 2019 to 2026

8.3.2. South America Bus Market, By Fuel Type, 2019 to 2026

8.3.3. South America Bus Market, By Seating Capacity, 2019 to 2026

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. Europe Bus Market, By Application, 2019 to 2026

8.4.2. Europe Bus Market, By Fuel Type, 2019 to 2026

8.4.3. Europe Bus Market, By Seating Capacity, 2019 to 2026

8.4.4. By Country

8.4.4.1.1. Germany

8.4.4.1.2. France

8.4.4.1.3. the UK

8.4.4.1.4. Others

8.5. Middle East and Africa

8.5.1. Middle East and Africa Bus Market, By Application, 2019 to 2026

8.5.2. Middle East and Africa Bus Market, By Fuel Type, 2019 to 2026

8.5.3. Middle East and Africa Bus Market, By Seating Capacity, 2019 to 2026

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Others

8.6. Asia Pacific

8.6.1. Asia Pacific Bus Market, By Application, 2019 to 2026

8.6.2. Asia Pacific Bus Market, By Fuel Type, 2019 to 2026

8.6.3. Asia Pacific Bus Market, By Seating Capacity, 2019 to 2026

8.6.4. By Country

8.6.4.1. China

8.6.4.2. India

8.6.4.3. Japan

8.6.4.4. South Korea

8.6.4.5. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. Anhui Ankai Automobile Co., Ltd

10.2. Yutong

10.3. Daimler AG

10.4. Volvo AB

10.5. Eicher

10.6. MAN

10.7. Scania

10.8. Tata Motors Limited

10.9. NFI Group Inc.

10.10. Hino Motors, Ltd.

10.11. SML Isuzu Limited

10.12. Force Motors Limited

10.13. Mahindra and Mahindra

10.14. Solaris Bus & Coach S.A.

10.15. BYD Company Ltd.

List of Tables

Table 1: Research Assumptions

Table 2: Global Bus Market, Research Highlights

Table 3: Global Bus Market, By Application, USD Billion, 2020 to 2030

Table 4: Global Bus Market, By Application, Thousand Units, 2020 to 2030

Table 5: Global Bus Market Shares, By Application, 2025 and 2030 (%)

Table 6: Global Bus Market, By Fuel Type, USD Billion, 2020 to 2030

Table 7: Global Bus Market, By Fuel Type, Thousand Units, 2020 to 2030

Table 8: Global Bus Market Shares, By Fuel Type, 2025 and 2030 (%)

Table 9: Global Bus Market, By Seating Capacity, USD Billion, 2020 to 2030

Table 10: Global Bus Market, By Seating Capacity, Thousand Units, 2020 to 2030

Table 11: Global Bus Market Shares, By Seating Capacity, 2025 and 2030 (%)

Table 12: Global Bus Market, By Geography, USD Billion, 2020 to 2030

Table 13: Global Bus Market, By Geography, Thousand Units, 2020 to 2030

Table 14: Global Bus Market Shares, By Geography, 2025 and 2030 (%)

Table 15: North America Bus Market, By Application, USD Billion, 2020 to 2030

Table 16: North America Bus Market, By Application, Thousand Units, 2020 to 2030

Table 17: North America Bus Market Shares, By Application, 2025 and 2030 (%)

Table 18: North America Bus Market, By Fuel Type, USD Billion, 2020 to 2030

Table 19: North America Bus Market, By Fuel Type, Thousand Units, 2020 to 2030

Table 20: North America Bus Market Shares, By Fuel Type, 2025 and 2030 (%)

Table 21: North America Bus Market, By Seating Capacity, USD Billion, 2020 to 2030

Table 22: North America Bus Market, By Seating Capacity, Thousand Units, 2020 to 2030

Table 23: North America Bus Market Shares, By Seating Capacity, 2025 and 2030 (%)

Table 24: North America Bus Market, By Country, USD Billion, 2020 to 2030

Table 25: North America Bus Market, By Country, Thousand Units, 2020 to 2030

Table 26: North America Bus Market Shares, By Country, 2025 and 2030 (%)

Table 27: South America Bus Market, By Application, USD Billion, 2020 to 2030

Table 28: South America Bus Market, By Application, Thousand Units, 2020 to 2030

Table 29: South America Bus Market Shares, By Application, 2025 and 2030 (%)

Table 30: South America Bus Market, By Fuel Type, USD Billion, 2020 to 2030

Table 31: South America Bus Market, By Fuel Type, Thousand Units, 2020 to 2030

Table 32: South America Bus Market Shares, By Fuel Type, 2025 and 2030 (%)

Table 33: South America Bus Market, By Seating Capacity, USD Billion, 2020 to 2030

Table 34: South America Bus Market, By Seating Capacity, Thousand Units, 2020 to 2030

Table 35: South America Bus Market Shares, By Seating Capacity, 2025 and 2030 (%)

Table 36: South America Bus Market, By Country, USD Billion, 2020 to 2030

Table 37: South America Bus Market, By Country, Thousand Units, 2020 to 2030

Table 38: South America Bus Market Shares, By Country, 2025 and 2030 (%)

Table 39: Europe Bus Market, By Application, USD Billion, 2020 to 2030

Table 40: Europe Bus Market, By Application, Thousand Units, 2020 to 2030

Table 41: Europe Bus Market Shares, By Application, 2025 and 2030 (%)

Table 42: Europe Bus Market, By Fuel Type, USD Billion, 2020 to 2030

Table 43: Europe Bus Market, By Fuel Type, Thousand Units, 2020 to 2030

Table 44: Europe Bus Market Shares, By Fuel Type, 2025 and 2030 (%)

Table 45: Europe Bus Market, By Seating Capacity, USD Billion, 2020 to 2030

Table 46: Europe Bus Market, By Seating Capacity, Thousand Units, 2020 to 2030

Table 47: Europe Bus Market Shares, By Seating Capacity, 2025 and 2030 (%)

Table 48: Europe Bus Market, By Country, USD Billion, 2020 to 2030

Table 49: Europe Bus Market, By Country, Thousand Units, 2020 to 2030

Table 50: Europe Bus Market Shares, By Country, 2025 and 2030 (%)

Table 51: Middle East and Africa Bus Market, By Application, USD Billion, 2020 to 2030

Table 52: Middle East and Africa Bus Market, By Application, Thousand Units, 2020 to 2030

Table 53: Middle East and Africa Bus Market Shares, By Application, 2025 and 2030 (%)

Table 54: Middle East and Africa Bus Market, By Fuel Type, USD Billion, 2020 to 2030

Table 55: Middle East and Africa Bus Market, By Fuel Type, Thousand Units, 2020 to 2030

Table 56: Middle East and Africa Bus Market Shares, By Fuel Type, 2025 and 2030 (%)

Table 57: Middle East and Africa Bus Market, By Seating Capacity, USD Billion, 2020 to 2030

Table 58: Middle East and Africa Bus Market, By Seating Capacity, Thousand Units, 2020 to 2030

Table 59: Middle East and Africa Bus Market Shares, By Seating Capacity, 2025 and 2030 (%)

Table 60: Middle East and Africa Bus Market, By Country, USD Billion, 2020 to 2030

Table 61: Middle East and Africa Bus Market, By Country, Thousand Units, 2020 to 2030

Table 62: Middle East and Africa Bus Market Shares, By Country, 2025 and 2030 (%)

Table 63: Asia Pacific Bus Market, By Application, USD Billion, 2020 to 2030

Table 64: Asia Pacific Bus Market, By Application, Thousand Units, 2020 to 2030

Table 65: Asia Pacific Bus Market Shares, By Application, 2025 and 2030 (%)

Table 66: Asia Pacific Bus Market, By Fuel Type, USD Billion, 2020 to 2030

Table 67: Asia Pacific Bus Market, By Fuel Type, Thousand Units, 2020 to 2030

Table 68: Asia Pacific Bus Market Shares, By Fuel Type, 2025 and 2030 (%)

Table 69: Asia Pacific Bus Market, By Seating Capacity, USD Billion, 2020 to 2030

Table 70: Asia Pacific Bus Market, By Seating Capacity, Thousand Units, 2020 to 2030

Table 71: Asia Pacific Bus Market Shares, By Seating Capacity, 2025 and 2030 (%)

Table 72: Asia Pacific Bus Market, By Country, USD Billion, 2020 to 2030

Table 73: Asia Pacific Bus Market, By Country, Thousand Units, 2020 to 2030

Table 74: Asia Pacific Bus Market Shares, By Country, 2025 and 2030 (%)

Table 75: Major Players and Strategy Analysis

Table 76: Emerging Players and Market Lucrativeness

Table 77: Mergers, Acquisitions, Agreements, and Collaborations

Table 78: Vendor Competitiveness Matrix

Table 79: Anhui Ankai Automobile Co., Ltd, Products and Services

Table 80: Yutong, Products and Services

Table 81: Daimler AG, Products and Services

Table 82: Volvo AB, Products and Services

Table 83: Eicher, Products and Services

Table 84: MAN, Products and Services

Table 85: Scania, Products and Services

Table 86: Tata Motors Limited, Products and Services

Table 87: NFI Group Inc., Products and Services

Table 88: Hino Motors, Ltd., Products and Services

Table 89: SML Isuzu Limited, Products and Services

Table 90: Force Motors Limited, Products and Services

Table 91: Mahindra and Mahindra, Products and Services

Table 92: Solaris Bus & Coach S.A., Products and Services

Table 93: BYD Company Ltd., Products and Services

List of Figures

Figure 1: Global Bus Market Size, USD Billion, 2020 to 2030

Figure 2: Global Bus Market Size, Thousand Units, 2020 to 2030

Figure 3: Global Bus Market Segmentation

Figure 4: Key Market Drivers Impact Analysis

Figure 5: Key Market Restraints Impact Analysis

Figure 6: Porter’s Five Forces Analysis: Bargaining Power of Suppliers

Figure 7: Porter’s Five Forces Analysis: Bargaining Power of Buyers

Figure 8: Porter’s Five Forces Analysis: Threat of New Entrants

Figure 9: Porter’s Five Forces Analysis: Threat of Substitutes

Figure 10: Porter’s Five Forces Analysis: Competitive Rivalry in the Industry

Figure 11: Global Bus Market Share (%), By Application, 2025 and 2030

Figure 12: Global Bus Market Attractiveness by Application, 2030

Figure 13: Global Bus Market Share (%), By Fuel Type, 2025 and 2030

Figure 14: Global Bus Market Attractiveness by Fuel Type, 2030

Figure 15: Global Bus Market Share (%), By Seating Capacity, 2025 and 2030

Figure 16: Global Bus Market Attractiveness by Seating Capacity, 2030

Figure 17: Global Bus Market Share (%), By Geography, 2025 and 2030

Figure 18: Global Bus Market Attractiveness by Geography, 2030

Figure 19: North America Bus Market, USD Billion, 2020 to 2030

Figure 20: North America Bus Market, Thousand Units, 2020 to 2030

Figure 21: North America Bus Market Share (%), By Application, 2025 and 2030

Figure 22: North America Bus Market Attractiveness, By Application, 2030

Figure 23: North America Bus Market Share (%), By Fuel Type, 2025 and 2030

Figure 24: North America Bus Market Attractiveness, By Fuel Type, 2030

Figure 25: North America Bus Market Share (%), By Seating Capacity, 2025 and 2030

Figure 26: North America Bus Market Attractiveness, By Seating Capacity, 2030

Figure 27: North America Bus Market Share (%), By Country, 2025 and 2030

Figure 28: North America Bus Market Attractiveness, By Country, 2030

Figure 29: South America Bus Market, USD Billion, 2020 to 2030

Figure 30: South America Bus Market, Thousand Units, 2020 to 2030

Figure 31: South America Bus Market Share (%), By Application, 2025 and 2030

Figure 32: South America Bus Market Attractiveness, By Application, 2030

Figure 33: South America Bus Market Share (%), By Fuel Type, 2025 and 2030

Figure 34: South America Bus Market Attractiveness, By Fuel Type, 2030

Figure 35: South America Bus Market Share (%), By Seating Capacity, 2025 and 2030

Figure 36: South America Bus Market Attractiveness, By Seating Capacity, 2030

Figure 37: South America Bus Market Share (%), By Country, 2025 and 2030

Figure 38: South America Bus Market Attractiveness, By Country, 2030

Figure 39: Europe Bus Market, USD Billion, 2020 to 2030

Figure 40: Europe Bus Market, Thousand Units, 2020 to 2030

Figure 41: Europe Bus Market Share (%), By Application, 2025 and 2030

Figure 42: Europe Bus Market Attractiveness, By Application, 2030

Figure 43: Europe Bus Market Share (%), By Fuel Type, 2025 and 2030

Figure 44: Europe Bus Market Attractiveness, By Fuel Type, 2030

Figure 45: Europe Bus Market Share (%), By Seating Capacity, 2025 and 2030

Figure 46: Europe Bus Market Attractiveness, By Seating Capacity, 2030

Figure 47: Europe Bus Market Share (%), By Country, 2025 and 2030

Figure 48: Europe Bus Market Attractiveness, By Country, 2030

Figure 49: Middle East and Africa Bus Market, USD Billion, 2020 to 2030

Figure 50: Middle East and Africa Bus Market, Thousand Units, 2020 to 2030

Figure 51: Middle East and Africa Bus Market Share (%), By Application, 2025 and 2030

Figure 52: Middle East and Africa Bus Market Attractiveness, By Application, 2030

Figure 53: Middle East and Africa Bus Market Share (%), By Fuel Type, 2025 and 2030

Figure 54: Middle East and Africa Bus Market Attractiveness, By Fuel Type, 2030

Figure 55: Middle East and Africa Bus Market Share (%), By Seating Capacity, 2025 and 2030

Figure 56: Middle East and Africa Bus Market Attractiveness, By Seating Capacity, 2030

Figure 57: Middle East and Africa Bus Market Share (%), By Country, 2025 and 2030

Figure 58: Middle East and Africa Bus Market Attractiveness, By Country, 2030

Figure 59: Asia Pacific Bus Market, USD Billion, 2020 to 2030

Figure 60: Asia Pacific Bus Market, Thousand Units, 2020 to 2030

Figure 61: Asia Pacific Bus Market Share (%), By Application, 2025 and 2030

Figure 62: Asia Pacific Bus Market Attractiveness, By Application, 2030

Figure 63: Asia Pacific Bus Market Share (%), By Fuel Type, 2025 and 2030

Figure 64: Asia Pacific Bus Market Attractiveness, By Fuel Type, 2030

Figure 65: Asia Pacific Bus Market Share (%), By Seating Capacity, 2025 and 2030

Figure 66: Asia Pacific Bus Market Attractiveness, By Seating Capacity, 2030

Figure 67: Asia Pacific Bus Market Share (%), By Country, 2025 and 2030

Figure 68: Asia Pacific Bus Market Attractiveness, By Country, 2030

Figure 69: Vendor Competitiveness Matrix

Figure 70: Anhui Ankai Automobile Co., Ltd, Financials, 2022–2024

Figure 71: Yutong, Financials, 2022–2024

Figure 72: Daimler AG, Financials, 2022–2024

Figure 73: Volvo AB, Financials, 2022–2024

Figure 74: Eicher, Financials, 2022–2024

Figure 75: MAN, Financials, 2022–2024

Figure 76: Scania, Financials, 2022–2024

Figure 77: Tata Motors Limited, Financials, 2022–2024

Figure 78: NFI Group Inc., Financials, 2022–2024

Figure 79: Hino Motors, Ltd., Financials, 2022–2024

Figure 80: SML Isuzu Limited, Financials, 2022–2024

Figure 81: Force Motors Limited, Financials, 2022–2024

Figure 82: Mahindra and Mahindra, Financials, 2022–2024

Figure 83: Solaris Bus & Coach S.A., Financials, 2022–2024

Figure 84: BYD Company Ltd., Financials, 2022–2024

Anhui Ankai Automobile Co., Ltd

Yutong

Daimler AG

Volvo AB

Eicher

MAN

Scania

Tata Motors Limited

NFI Group Inc.

Hino Motors, Ltd.

SML Isuzu Limited

Force Motors Limited

Mahindra and Mahindra

Solaris Bus & Coach S.A.

BYD Company Ltd.