Business Standard

Freezing out ICE

EVs have a long way to gain traction

Bhavish Aggarwal, Chairman and Group CEO, Ola
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Bhavish Aggarwal, Chairman and Group CEO, Ola

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Bhavish Aggarwal of Ola Electric is of the view that it is time to shut down the production of scooters that run on internal combustion engines (ICE) and focus on investing in “meaningful” and “quality” two-wheelers. This statement, in an interview with Business Standard, can be interpreted as fighting talk from India’s leading e-two-wheeler player to his ICE competitors, which still outsell him by a long margin, or the politically correct stance of a promoter mindful of the government’s target of having electric vehicles (EVs) account for 80 per cent of two-wheelers on the road by 2030. Having launched four

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First Published: Aug 22 2023 | 10:19 PM IST

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