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Ola Electric's high-stakes ride: Can Aggarwal disrupt India's EV market?

By setting up massive capacities in a limited market against entrenched competition, founder Bhavish Aggarwal has his work cut out proving the sceptics wrong

Topics
Ola Electric Mobility | Ola electric vehicles | Electric Vehicles

Surajeet Das Gupta  |  New Delhi 

Ola electric, Electric vehicles, EVs, battery charging, two-wheeler
As a tech services company, Ola has never been in hardcore manufacturing. And unlike in ride hailing, which is a two-player market (Uber is the only other competitor), in two-wheelers it faces many entrenched players

His key potential rival, a domestic with a global presence, dismisses the plan as “outrageous” and impossible to comment on. Others say it is just a game to up Ola Electric’s valuation, because its flagship ride-hailing business has faced a tough year due to the Covid-19 pandemic (Ola Cabs’ valuation was recently downgraded by one of its investors, US-based Vanguard Group).

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First Published: Thu, March 18 2021. 06:10 IST