EaseMyTrip enters EV manufacturing; targets 5,000 electric buses per year by 2030
India, Sept. 25 -- An online travel booking platform, EaseMyTrip has now moved into vehicle manufacturing, with its EV arm EMTev launching electric buses in Bhopal this week. The rollout is an early step toward a five-year plan to scale up annual production, drawing on operating lessons from the company's existing intercity bus network. What it means for capital spending, delivery timelines, or the travel business's own financials isn't fully clear yet, but that's likely to come into focus over the next few quarters.
Shares of Easy Trip Planners Ltd are trading at Rs. 5.87, up 0.07 percent on Friday. The stock touched the intraday high of Rs. 5.82 after opening at Rs. 5.82 before slipping to a low of Rs.5.75. The company commands a mark...
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