As many as 15 suppliers have shown an interest in localising operations within the PLI timeline
Kaynes would manufacture the chips based on Ola's design
The S1 X range comes with the requested physical key and caters to customers with different range requirements
Ola gained market share because its decline was much lower than the industry average
Ola Electric slashed the prices of its entry-level scooter S1 X by Rs 5,000 to Rs 10,000 across variants
Beyond the buzz of Ola and Tata, Hosur ignites India's electric evolution, quietly
The future of mobility is electric - not just in personal mobility but also for the ride-hailing business, and there is immense opportunity for expansion in India, said the statement
India's e-scooter market is small but growing, accounting for 5% of total two-wheeler sales in fiscal 2023-2024
Ola's CMO, Anshul Khandelwal, also pointed out that there have been fundamental changes in the buying patterns of customers - for instance, more women are now buying electric vehicles than earlier
Ola is planning to enter the e-rickshaw segment with its new product Raahi which is expected to be released this month. Raahi will compete with Mahindra Treo, Piaggio Ape e-city and Bajaj RE
The ministry made the announcement on the day when it launched the second round of auction for the 18 strategic mineral blocks valued at Rs 30 trillion
In December last year, the company became the first EV 2W manufacturer to record 30,000 registrations in a month
Besides Ola Electric, several EV players such as Ather, Okaya, and Bajaj have slashed the prices of their products to make electric vehicles more affordable and accelerate their adoption in India
Ola Electric is the only two-wheeler electric company to receive a nod as incumbents struggle with localization standards
Amid growing energy needs, India is trying to encourage electric vehicle production to cut greenhouse gas emissions and reduce reliance on fossil fuel imports
Industry unlikely to meet FY24 target of 1 million registrations
There is indeed a lot of the race left. Electric, for all the hype, is just about 15 per cent of the scooter market. So, what is on the cards?
The company plans to deploy 10,000 e-vehicles across Bengaluru, Delhi and Hyderabad over 2 months
Hemant Bakshi, a former top Unilever executive, to lead Ola Mobility as CEO, with an aggressive growth focus
The Ola rival's new scooter is slated to be unveiled in mid-2024