The School Bus Owners' Association (SBOA) said it would not operate its fleet of 40,000 buses today.
Anil Garg, president of SBOA, told PTI, "For security reasons, we have decided not to ply our buses in the first shift today. If the situation remains peaceful, we will run the buses in the second shift."
However, if a particular bus owner wanted to operate his services today, it would be his call, he added.
"Law-and-order is beyond our control. Therefore, we cannot take the risk," Garg said.
The state government has said schools will remain open today.
Clashes between Dalit groups and supporters of right-wing Hindu organisations during the 200th anniversary celebrations of the Bhima-Koregaon battle in Pune district had left a man dead.
The clashes broke out at Bhima-Koregaon when people were headed towards the war memorial in the village, about 30 km from Pune city, the police had said.
Dalit groups were celebrating the bicentenary of the Bhima-Koregaon battle, which the forces of the British East India Company had won over those of the Peshwa.
Dalit leaders commemorate the British victory as it is believed that soldiers from the Mahar community -- then considered untouchables -- were part of the East India Company's forces. The Peshwas were Brahmins and the victory was seen as a symbol of assertiveness by Dalits.