India’s Hydrogen Bus Market Set to Reach USD 1 Billion by 2035
India’s hydrogen bus market is projected to grow rapidly, reaching USD 1 billion by 2035 with a 30% CAGR from 2025. Driven by government initiatives, environmental policies, and urban pollution concerns, hydrogen-powered buses, especially using PEMFC technology, are gaining adoption in urban transit. Infrastructure expansion and strategic partnerships with OEMs and fuel cell developers are key growth drivers.
The India hydrogen bus market is poised for significant expansion, targeting a value of USD 1 billion by 2035, growing at a compound annual growth rate (CAGR) of 30% from 2025. This growth is propelled by government programs such as the Indian National Hydrogen Mission, regulatory incentives, and rising environmental concerns, which encourage the replacement of diesel buses with hydrogen-powered alternatives. Proton Exchange Membrane Fuel Cells (PEMFC) are highlighted as the leading technology due to their efficiency and suitability for urban routes. The market segmentation includes technology types (PEMFC, DMFC, SOFC), power output categories (<150 kW, 150–250 kW, >250 kW), and transit bus models (30-foot, 40-foot, 60-foot articulated buses). Early deployments in metro cities demonstrate reliability, operational efficiency, and reduced emissions, addressing urban pollution challenges. Expansion of hydrogen refueling infrastructure and partnerships among domestic manufacturers like Tata Motors, Ashok Leyland, and technology firms such as Ballard Power Systems are facilitating market growth. Strategic focuses include optimizing fuel cell stacks, hybrid systems, and modular bus platforms tailored to Indian conditions. The adoption primarily targets government and municipal fleets on urban and suburban routes, aiming for scalable zero-emission public transportation aligned with India's climate goals. This transition supports India’s objectives to reduce greenhouse gases, enhance energy security, and promote clean mobility solutions.
