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EaseMyTrip to venture into electric bus manufacturing
The Business Guardian
|September 08, 2024
EaseMyTrip has announced the launch of its new subsidiary, Easy Green Mobility, marking its entry into the electric bus manufacturing sector.
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According to an official statement, the new subsidiary will focus on producing electric buses, with YoloBus, another EaseMyTrip subsidiary, serving as its operational arm.
As part of this initiative, EaseMyTrip is investing Rs 200 crore over the next 2-3 years in research and development (R&D), product development, and setting up a manufacturing plant for electric vehicles (EVs).
The Indian electric bus market is projected to grow at a compound annual growth rate (CAGR) of 24 per cent from 2024 to 2030, positioning Easy Green Mobility to capitalize on this evolving market.
यह कहानी The Business Guardian के September 08, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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