Overview
Praneet Singhal, Director of 1Lattice, said, “Outstation bus industry is expected to grow at 11-13 percent over the next few years, which would negate the growth offset by COVID-19 post reaching pre-COVID level — leading to a overall growth of 10 percent over FY20-25.”
Bus, private cars and taxis are some of the beneficiaries of the growing national highways in the country. Indian national highways infrastructure has grown at 7.5 percent CAGR in FY11-20 and is expected to grow at 8 percent CAGR over FY22-25, stated the latest report by IntrCity SmartBus and 1Lattice.