Page 10 - Ola Electric Vehicles

Ola Electric scales up as it plans to gain a lead over competitors

Company will be adding in-house manufacture of motors as well as cells, which account for the bulk of the cost of a scooter

Mulling an IPO for Ola ride-share business next year, says Bhavish Aggarwal

'Looking at synergies with EV business, will announce details soon'

Ola Electric making plans to ensure a stable supply of raw materials

The company is the only two-wheeler electric vehicle (EV) player, which has decided to manufacture the cell and control its technology - that are crucial components for making the battery

Ola Electric on track to open 200 experience centres by end of 2022

The experience centres will enable customers to touch and feel Ola scooters, clarify their queries, and avail support both before and after purchase

Ola Electric to charge up capacity to 4 mn; may roll out e-cars from 2024

Ola Electric plans to eventually have the capacity to produce 10 mn two-wheelers, 1 mn cars

Top electric vehicle makers rev up projections, see higher sales

Manufacturers say 1.5 million two-wheelers could be sold in FY24

Ola shuts in-car infotainment service launched in 2016 as global first

Industry sources say the service was not proving any value to the ride-hailing company

Tesla's former India policy chief to join e-scooter start-up Ather

Manuj Khurana, who quit his post as Tesla's local head of policy and business development in June, will start next week at Ather Energy

Ola Electric crosses 1 lakh production mark, says CEO Bhavish Aggarwal

The company sells three models of Ola electric scooters, Ola S1, Ola S1 Pro and Ola S1 Air

Indian EV makers 'not doing it right', says Gogoro CEO Horace Luke

Luke on Thursday launched Gogoro in India with a pilot project in collaboration with ZyppElectric

Ola Electric sales reach 20,000 units in October in strong festive season

Ola Electric on Tuesday reported sales of 20,000 units in October 2022. The company, which sells electric scooters S1 Pro and S1, said it registered a strong performance during the festive season. Sales recorded a four-fold growth over daily run rate during Navratras, and ten times on Vijayadashami, the company said in a statement. It has been producing 1,000 units a day on an average . The company, after opening bookings at Rs 499 in July last year for its electric scooters S1 Pro and and S1, started online purchase process in September 2021. It initially planned to start deliveries in October but later pushed the date to November and then again to the second half of December last year.

Ola Electric unveils S1 Air scooter at an introductory price of Rs 79,999

Ola said this is a big push towards taking India closer to ending the era of petrol vehicles

Ola Electric launches new e-scooter for introductory price of Rs 79,999

Ola Electric on Saturday launched an all-new Ola S1 Air electric scooter at a special introductory price of Rs 79,999

Can Bhavish Aggarwal's ambitious plans for Ola Electric challenge Musk?

Whether Ola Electric succeeds or not, Aggarwal's admirers seem to agree that he has turbo-charged the EV market, pulling in millions of investment dollars

Pricing hurdle may hit Hero MotoCorp's entry into EV segment: Brokerages

Volume trajectory in the festive season is a key near-term trigger

Ola Electric sets up experience centre in Chennai, eyes 200 by March 2023

Electric two-wheeler maker Ola Electric has set up its first experience centre in Chennai as part of a plan to set up 200 such facilities across the country by March 2023, the company said on Tuesday. People interested in electric vehicles would be encouraged at the experience centre and they can also avail themselves of test-rides of the company's S1 and S1 Pro electric scooters. "Ola experience centres allow us to better understand how best we can take our products to our customers and enable their transition to EV," company CMO Anshul Khandelwal said in a company statement here. In the wake of festive season, the company said it offers discounts up to Rs 10,000 towards purchase of Ola S1 Pro vehicle. Positioned as the most advanced scooters, the Ola S1 and S1 Pro come with most popular MoveOS features like music playback, navigation, companion application and reverse mode, among others, the statement added.

Ola Electric back on top spot after 4 months for e-scooter registrations

EV makers said in view of the festival season, they expect overall numbers to go up substantially

Price hikes in electric scooter models? 'Unlikely', says Ola Electric

The government has extended the earlier October 1 deadline for the implementation of new battery testing norms for electric vehicles (EVs)

Ola group drives back on layoff plan for nearly 200 engineers, for now

Overall, the company at a group level has a workforce of around 10,000 people

Ola Electric to foray into international markets starting with Nepal

Ola Electric on Thursday said it plans to foray into the international markets starting with Nepal. The company said it has signed a memorandum of understanding with CG Motors in Nepal partnering them as local distributors for its Ola S1 scooters (S1 & S1 Pro). The scooters will be available in Nepal starting next quarter, the Bengaluru-based electric two-wheeler maker said in a statement. In the second phase, the company also aims to enter Latin America, ASEAN and European Union, increasing the company's presence in up to five international markets. "Our international expansion not only means that we will as a company be able to serve customers in these similar regions, but it is also testament to the fact that India will lead the EV revolution for the world," Ola Founder and CEO Bhavish Aggarwal noted. To truly take the electric vehicle revolution to the next level, India will have to be the epicenter of change, he added. The company recently unveiled an electric four-wheeler .