HMT is a type of continuously variable transmission which has split power flow path characteristics with gear train and hydro static unit. The benefit of improved fuel economy and high power capacity enables it to be a promising application fur large vehicles. This paper presents the analysis results including velocity, static torque, transmission efficiency and dynamic model of the HMT that is developed for city buses. The speeds or gear shafts, the static clutch torque and split power ratio for each mode are detailed here. From the analysis of HMT transmission efficiency considering the power loss in meshed gear and hydraulic unit, we can conclude that minimization of hydraulic power is necessary for improved fuel economy design. Also, the dynamic simulation result for mode shift characteristics shows that little shift shock is observed because of the synchronized rotation speed in clutch.