New Delhi, March 13 -- The Indian bus market will be challenging in 2019, owing to the upcoming Lok Sabha elections and also the migration to BS VI emission norms, a senior official of Daimler India Commercial Vehicles said here on Tuesday.
"The Indian bus market is expected to grow by four per cent. There are challenges for the companies like the elections and also the migration to BS-VI emission norms," Daimler Buses India Managing Director Thomas Fricke told reporters.
He said the elections may impact the bus sales initially.
Fricke said the migration to BS-VI emission norm poses challenge of balancing the price hike and the pre-buy by customers before the new norms kick in April 2020.
Queried about the need for price hike as Daimler...