BANGALORE: Central transport schemes like Jawaharlal Nehru National Urban Renewal Mission (JNNURM) are expected to boost sales of buses by around 12 per cent in Fy16 (2015-16).
According to automobile trade body Society of Indian Automobile Manufacturers Association (SIAM), national schemes will be able to revive the segment after nearly 30 months of decline.
“The bus segment is expected to grow by 10-12 per cent in 2015-16. The segment has been in negative territory since last 30 months but with economic activity expected to do well now we really expect the segment to do well,” Sugato Sen, Deputy Director General of SIAM, said here.
He was speaking at the 4th edition of Bus & Special Vehicle show which commenced in Greater Noida on Thursday. Bus makers like Tata Motors, Ashok Leyland and Volvo among others have received bulk orders by various state governments under the JNNURM scheme.
Ashok Leyland Limited (ALL) had received an order of 4000 buses while Tata Motors received an order of 2700 buses last year.
The interim budget presented by former Union Finance Minister P Chidambaram announced the purchase of 10,000 buses under the JNNURM scheme for Fy14 and earmarked Rs 14873 crore for the purpose.
According to him, a total of 14,000 buses have been sanctioned from 2009- 2012.