Ola Electric to enter EV automotive section, eyes first mannequin by 2024

Ola Electric on Monday stated it plans to foray into the electrical automotive section, with plans to launch its first mannequin by 2024, setting an formidable goal of promoting 1 million such autos by 2026-2027. It additionally introduced the launch of the Ola S1 electrical two-wheeler, which was initially cancelled.

Ola founder and CEO Bhavish Aggarwal’s recent announcement comes at a time when the corporate is below hearth for its scooters catching hearth, quite a few buyer complaints, and late deliveries. Aggarwal stated Ola Electric goals to supply a spread of electrical two-wheelers and electrical vehicles, priced within the vary of Rs 1 lakh to Rs 50 lakh.

“We definitely have a full roadmap in the works in the car space… We will definitely have cars at the entry price market. We’re starting with a premium car and that comes out in 18 to 24 months,” he stated when requested concerning the firm’s plans for electrical vehicles.

He additional stated, “We are envisioning across all the products (that) we will launch, maybe by 2026 or 2027 we will target a million cars a year by volume”. Aggarwal, nevertheless, didn’t elaborate on what number of electrical automotive fashions the corporate would have by 2026-2027.