In a significant move toward sustainable transportation EaseMyTrip India’s leading online travel booking platform has announced plans to invest ₹200 crore in the manufacturing of electric buses in Madhya Pradesh. The company aims to deploy 500 buses across the state in 2025 and expand its fleet to 1,000 buses by 2026.
Announcement at Madhya Pradesh Global Investors Summit 2025
EaseMyTrip CEO Rikant Pittie made the announcement during the Madhya Pradesh Global Investors Summit (GIS) 2025 in Bhopal. The initiative aligns with India’s rapidly growing electric vehicle (EV) industry, which is currently valued at $3 billion and expanding at an 18% CAGR.
Revolutionizing Sustainable Transport
Through its subsidiaries YoloBus and Easy Green Mobility EaseMyTrip has secured a tender to launch electric buses in Sagar and other cities across Madhya Pradesh. The company’s focus on sustainable transport aims to reduce carbon emissions and promote eco-friendly mobility solutions.
“We have signed an agreement. It’s actually a tender wherein we have been able to provide quite a lot of buses to Sagar State. The initiative is being carried out by YoloBus and our manufacturing arm, Easy Green Mobility. We are going to provide sustainable transport, as the EV industry is already booming,” said Pittie.
Strategic Investment and Manufacturing Plans
EaseMyTrip has received board approval for the ₹200 crore investment and plans to set up a dedicated manufacturing plant in Madhya Pradesh. The company aims to have its first electric bus operational on the state’s roads by August 2025.
“We will be deputing a lot of buses in Madhya Pradesh and are also looking to establish a bus manufacturing plant here. Our first bus will be operational on the roads of Madhya Pradesh by August,” Pittie added.
Aligned with ‘Make in India’ Initiative
Pittie emphasized that the company’s efforts are fully aligned with the ‘Make in India’ initiative. “We are completely making an India company. We believe that India has a large manufacturing scope. And that is what we are targeting,” he said.
Financial Performance
Earlier this month, EaseMyTrip reported a decline in its consolidated net profit to ₹34 crore for the third quarter ended December 31, 2024, compared to the previous quarter. Its total income fell to ₹153.81 crore against ₹165.30 crore, while total expenses slightly rose to ₹107.58 crore from ₹105.04 crore.
Looking Ahead
EaseMyTrip’s foray into electric bus manufacturing marks a significant step toward sustainable mobility and aligns with India’s vision of becoming a global leader in the EV industry. By leveraging its expertise and resources, the company aims to revolutionize public transportation in Madhya Pradesh and beyond.
