The new launches will be from the two significant companies already selling e-motorcycles -- Revolt Motor, the largest in this segment, and Tork Motor - as well as from others
"Through volume numbers and unit sales one can see, we are not making a loss," says Anshul Khandelwal
The SoftBank-backed firm is also on track to bring electric cars to market by 2024
Upgrade will give vehicles more than 50 features and improvements, says company
Manufacturers had already been passed on subsidy amounts to customers, can't sustain any further and are planning go stop operations
Company will be adding in-house manufacture of motors as well as cells, which account for the bulk of the cost of a scooter
'Looking at synergies with EV business, will announce details soon'
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
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 plans to eventually have the capacity to produce 10 mn two-wheelers, 1 mn cars
Manufacturers say 1.5 million two-wheelers could be sold in FY24
Industry sources say the service was not proving any value to the ride-hailing company
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
The company sells three models of Ola electric scooters, Ola S1, Ola S1 Pro and Ola S1 Air
Luke on Thursday launched Gogoro in India with a pilot project in collaboration with ZyppElectric
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 said this is a big push towards taking India closer to ending the era of petrol vehicles
Ola Electric on Saturday launched an all-new Ola S1 Air electric scooter at a special introductory price of Rs 79,999
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
Volume trajectory in the festive season is a key near-term trigger