The Union Budget 2015 has laid emphasis on infrastructure and given a boost to the commercial vehicle sector. Busworld India 2015 looks to capitalise on the positive market sentiment and also showcase the new technologies in the bus and coach industry.
Busworld India is a biennial event that serves as a platform not only for sales but also for discussion to improve the bus and coach industry. It is an offshoot of the global Busworld exhibition that was incepted in Belgium in 1971. This internationally recognised event caters to all aspects of the industry like bus manufacturing services, bus equipments, bus accessories etc. The 6th edition of the show is scheduled to take place from 28th to 30th April at the Bombay Convention and Exhibition Centre (BCEC) in Mumbai.
The last event which was held at the same location in 2013 was a huge success, with 3162 people in attendance from eighteen countries. Staying true to the DNA of the original Busworld Kortrijk held in Belgium, the Indian edition will also have a two day symposium hosted concurrently at the same venue to discuss challenges and areas of improvement in the Indian bus and coach industry. Last year the focus was on safety of school-going children, looking at critical issues like fire safety, and finding effective solutions for preventing the occurrence of bus and coach accidents. The potential and opportunity is huge, as India's bus market is the world's second largest, with more than 50,000 bus and coaches being made each year, reports SIAM.
This year, the symposium will revolve around the government's vision of increasing mobility via cleaner, safer and effective bus and coach services. It is well known that the Indian government has proposed to create a hundred smart cities. This has prompted all the major CV bus manufacturers to introduce buses which were unheard of before. Buses like articulated buses, two low-floor hybrid buses, electric buses and even a soon-to-be-launched minivan from Toyota. Domestic manufacturers too have jumped in to the fray. Tata Motors has already secured an order from Hubli-Dharwad BRTS Co Ltd for thirty of its articulated buses; these buses have two compartments linked by a pivot joint affording them more passenger carrying capacity. Ashok Leyland after delivering its Optare range of all-electric buses in London, is in talks with Odisha government and Bangalore Metropolitan Transport Corp (BMTC) as well. Toyota is gunning for fleet operators with the impending launch of its 10-seater HiAce minivan. Finance Minister has clearly shown the direction that he will take by already allocating Rs 7,060 crore for smart cities in the July budget itself. Introduction of modern technologies like hybridisation and electrification in buses and coaches has created a huge demand in many Indian cities as well as government transport agencies who are keen to follow the path laid out by the current administration. In the recently announced Union Budget 2015, there was a clear boost for the commercial vehicle sector in the visage of infrastructure development. A mammoth amount of Rs 70,000 crore has been earmarked for infrastructure development which includes construction of an additional one lakh kilometres of road on top of the one lakh already present. Increase in duties on fully imported commercial vehicles convey the stress on domestic production.
With all the good news and positive vibes following the Union Budget, the CV space is looking up and is all set to grow very strongly in the immediate future. Thus, Busworld India 2015 has come at a time wherein it can fully capitalise on the positive sentiment in the market. This would also be a good time for the event to spread awareness about the new technologies in the bus and coach industry in India and address the issues facing it. To sum it up, under the prevailing market conditions Busworld India 2015 looks like it will be biggest one yet.