Ola could foray into electric car space in 2 years

Details about Ola's first electric car will be revealed at a later date.

Ola Electric launched its first electric scooter on the occasion of India's 75th Independence Day. Now, CEO Bhavish Aggarwal has hinted that the company could enter the electric car space in the next 2 years. Details of the project, however, would be discussed at a later date.

Ola Electric's first product is an e-scooter that competes with the Ather 450X, Bajaj Chetak and TVS iQube. It is available in two variants S1 and S1 Pro and prices start at Rs. 99,999 (ex-showroom).

The e-scooter will be built at the company's new production facility in Tamil Nadu. Ola is also building an ancillary or supplier park in the vicinity, with an aim to create an EV hub.

Source: TOI