EaseMyTrip plans Rs 200 crore investment in EV bus manufacturing, targets 2,000 buses by FY28

EaseMyTrip is stepping up its expansion into electric mobility, with its subsidiary Easy Green Mobility planning to invest Rs 200 crore over the next two to three years in research and development and setting up a manufacturing plant for electric buses. The company aims to operate more than 2,000 electric buses across the country by FY28 through its subsidiary YoloBus.

The expansion marks the company's entry into electric bus manufacturing, with YoloBus serving as the operating arm of Easy Green Mobility. The company said the initiative would create a new revenue stream and strengthen its presence in the non-air travel segment.

Easy Green Mobility and YoloBus will work together on the initiative, with the electric buses expected to feature advanced technology, long-range batteries and energy efficiency. EaseMyTrip said the expansion aligns with the FAME, PLI and state electric vehicle policies.


The announcement comes as the online travel platform reported a gross booking revenue (GBR) of Rs 2,458.46 crore in the July-September quarter of FY27, up from Rs 1,958.70 crore in the corresponding period last year.

Revenue from operations increased 33.5% year-on-year to Rs 157.99 crore in Q2 FY27, compared with Rs 118.34 crore a year earlier. Adjusted income, which includes other income, rose to Rs 193.34 crore from Rs 169.52 crore in the year-ago quarter.

The company reported a profit before tax of Rs 3.8 crore during the quarter, against Rs 6.12 crore in Q2 FY26. Profit after tax stood at a loss of Rs 57 lakh, compared with a loss of Rs 36.04 crore in the corresponding quarter last year, according to the financial performance summary in its investor presentation.

Hotel business drives non-air growth

EaseMyTrip's hotel and holiday packages business continued to expand, with room nights booked rising 87.5% year-on-year to 7.9 lakh in Q2 FY27, compared with 4.2 lakh in the year-ago period.

For the first half of FY27, hotel and holiday package bookings increased 91% to 14.4 lakh room nights from 7.5 lakh in H1 FY26.

However, the trains, buses and other segment recorded a 39% year-on-year decline in transactions during the September quarter, with bookings falling to 2 lakh from 3.3 lakh.

Dubai operations see 53.7% growth

The company's Dubai operations recorded gross booking revenue of Rs 556.03 crore in Q2 FY27, registering a 53.7% increase from Rs 361.73 crore in the corresponding quarter last year.

For H1 FY27, Dubai operations reported gross booking revenue of Rs 1,018 crore, up 49.8% year-on-year.

For the six months ended September 2026, EaseMyTrip reported gross booking revenue of Rs 4,829.42 crore, compared with Rs 4,024.49 crore in H1 FY26. Revenue from operations stood at Rs 292.70 crore against Rs 232.13 crore, while adjusted income increased to Rs 367.58 crore from Rs 335.76 crore.

The company's investor presentation also outlined plans to expand its hotel and holiday segments through cross-selling and personalised offerings, while scaling its international operations and introducing new product verticals.