Overview
According to the 1Lattice report, the outstation bus market is growing at a CAGR of 10-13 percent over FY20-25. The Indian outstation market was valued at $66 billion in FY20, whereas bus in this segment was valued at $30.3 billion (commands around 45 percent of the total Indian outstation market), stated the report.
India's leading intercity mobility platform IntrCity’s revenue has zoomed 6x for the fiscal year 2022-2023, crossing the Rs 290 crores mark — as against the pre-COVID levels. Meanwhile, the company is expecting to become profitable in FY 2023-2024.