Stock under Rs 50 to keep under the radar as company ventures into the electric bus manufacturing sector as it launches its new subsidiary

The company is investing Rs 200 crore for extensive R&D, Product Development and setting up a Manufacturing Plant over 2-3 years.

Easy Trip Planners Ltd, one of India’s largest online travel tech platforms, announces venturing into the electric bus manufacturing market through its new subsidiary, Easy Green Mobility. Easy Green Mobility will manufacture EV buses, with YoloBus (another subsidiary of EaseMyTrip) serving as its operating arm. This initiative marks a significant milestone in the brand’s commitment to tapping a new segment offering eco-friendly and innovative travel solutions, navigating its journey toward sustainable mobility. EaseMyTrip is investing Rs 200 crore for extensive R&D, Product Development and setting up a Manufacturing Plant over 2-3 years.

The Indian electric bus market is expected to grow at a CAGR of 24 per cent from 2024 to 2030. The establishment of Easy Green Mobility aligns with EaseMyTrip’s vision to capture a significant share of the evolving market and capitalise on the growing demand for electric vehicles (EVs) in India. It stands as a testament to the brand’s committed approach to driving the sector’s growth and offering the best & innovative technology solutions. The company will prioritize manufacturing cutting-edge vehicles equipped with advanced technology and energy-efficient battery systems designed to support long-range travel on a single charge. This initiative will establish a strong foundation for expanding its presence in the urban transportation sector with high demand for electric buses both in India and internationally. EasyGreen Mobility will build the plant with a capacity of 4000-5000 buses in the initial phase and shall ramp up production capacity going forward.

EaseMyTrip, through its subsidiary Easy Green Mobility, will be operating via YoloBus; YoloBus aims to redefine intercity bus travel for Indian passengers through unparalleled services. With a network covering over 250 routes across India and having served over 100,000 travellers. Additionally, through YOLO Bus; EaseMyTrip will accelerate the nationwide transition to net zero carbon mobility in Buses. By 2027-28 target is to operate 2000+ electric buses across the country

Together in Consortium Easy Green Mobility + YOLO Bus, EaseMyTrip will set a new benchmark for the EV & Mobility industry and solidify its leading position in innovative and sustainable travel solutions. The new subsidiary will leverage EaseMyTrip's robust brand presence and industry expertise to play a pivotal role in the dynamic EV market. Integrating cutting-edge technology with robust manufacturing practices, it aims to produce high-performance electric buses to enhance efficiency, safety and passenger comfort.

About Easy Trip Planners Ltd

A publicly traded Indian travel platform, EaseMyTrip is one of the largest for air ticketing and among the fastest-growing internet companies. Founded in 2008 and profitable since the beginning, they offer flights, hotels, holidays, rail & bus tickets and other travel needs with no convenience fees. They connect users to over 400 airlines, 2 million hotels, and various local transportation options, operating in India with offices in major cities and internationally through subsidiaries.

On Monday, shares of Easy Trip Planners Ltd gained 2.40 per cent to Rs 41.39 with an intraday high of Rs 41.94 and an intraday low of Rs 40.57. The company has a market cap of Rs 7,334 crore. The stock is up by 12 per cent from its 52-week low of Rs 37.01 per share. Investors should keep an eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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