Key findings reveal that Karnataka, Maharashtra, Tamil Nadu, Andhra Pradesh, Telangana, and Uttar Pradesh emerge as principal markets for State Transport Undertakings (STUs), accounting for practically 70 p.c of the market share. Equally, Uttar Pradesh, Maharashtra, Rajasthan, Punjab, and Haryana are recognized as the highest 5 states contributing to the whole addressable market (TAM) for personal buses, anticipated to seize round 45 p.c share by 2026.
