EaseMyTrip’s stock soared 14.2% to Rs 44.38 per share on the NSE following the company’s announcement of entering the electric bus market.
The online travel firm has launched a new subsidiary, Easy Green Mobility, which will focus on manufacturing electric buses. Another subsidiary, YoloBus, will operate these buses. EaseMyTrip plans to invest INR 200 crore over the next 2-3 years for research, development, and setting up a manufacturing plant.