EaseMyTrip.com announced its entry into the electric bus manufacturing sector with the launch of a new subsidiary, Easy Green Mobility. This venture aims to manufacture electric buses, with YoloBus, another subsidiary, acting as its operational arm. The company is set to invest ₹200 crore over the next 2-3 years in research and development, product innovation, and establishing a manufacturing facility.
The Indian electric bus market is projected to grow at a compound annual growth rate (CAGR) of 24% from 2024 to 2030. EaseMyTrip’s new initiative aligns with its strategy to capture a substantial share of this expanding market and leverage the increasing demand for EVs in India. Rikant Pitti, Co-Founder of EaseMyTrip, highlighted that the annual demand for electric buses is expected to rise to 1,25,000 to 1,50,000 units in the coming decade.
Pitti also emphasized that the company sees a major opportunity to meet the growing demand by localizing production and creating a fully ‘made-in-India’ product. This strategic move is part of EaseMyTrip’s broader plan to diversify beyond air travel and strengthen its presence in the emerging EV and e-mobility sectors.