InvestorQ : Is it true that Ola is planning to launch its electric cars in India?
shrinidhi Rajan made post

Is it true that Ola is planning to launch its electric cars in India?

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2 months ago
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Yes that is absolutely correct. After making an early start in the electric scooters space, now Ola Electric plans to foray into the electric car (EV) segment. In terms of specifics, Ola Electric plans to launch its first model by the year 2024 into the Indian market. Currently, it is Tata Motors that is leading the foray into electric cars but there are a lot more players who are already in the fray and the space is going to see a lot of supply over the coming 2-3 years. Ola Electric will look to extend its EV scooter experience to cars too.

Ola Electric is already a fairly significant players in the electric scooters business, although it must be said that the company is now struggling with its delivery schedules. Recent cases of scooters catching fire have also raised some serious safety issues concerning passengers. However, for now, Ola Electric It has set a target of selling 1 million electric cars by FY27. Ola Electric is likely to price its electric cars between Rs1 lakh and Rs50 lakhs. It is currently also adding manpower for its battery cell research units and ensuring infrastructure is in place.

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