"2027 would be a good time for new sales to be 100% electric," Naveen Munjal, managing director of Hero Electric Vehicles Pvt., said in an interview
Ola group CEO Bhavesh Aggarwal said this is unprecedented not just in the automotive industry, but also in Indian e-commerce history
The firm is starting sales in batches and prioritising users based on their dates of reservation
This will make it the world's largest women-only factory and the only all-women automotive manufacturing facility globally
Ola co-founder Bhavish Aggarwal on Monday said its electric scooter factory will be run entirely by women and employ over 10,000 women at full scale. "Aatmanirbhar Bharat requires Aatmanirbhar women! Proud to share that the Ola Futurefactory will be run ENTIRELY by women, 10,000+ at full scale! It'll be the largest all-women factory in the world!! Slightly smiling face," he said in a tweet. He also shared a video featuring the first batch of women hired to work at the facility. In a blogpost, Aggarwal said the company welcomed the first batch this week and "at full capacity, Futurefactory will employ over 10,000 women, making it the world's largest women-only factory and the only all-women automotive manufacturing facility globally". This is the first in a series of initiatives Ola is undertaking to create a more inclusive workforce and provide economic opportunities for women across the board, he added. Aggarwal said the company has invested significantly to train and upskill the
The company, which had last month launched the Ola S1 electric scooter in two variants -- S1 and S1 Pro -- at prices Rs 99,999 and Rs 1,29,999, respectively, said it will start deliveries in October
Ola's e-scooter plans can disrupt the two-wheeler market
Ola's aggressive volume targets has not only given the existing manufacturers greater confidence but also spawned several firms in the e-two wheeler space
Bhavish Aggarwal against sale of petrol 2-wheelers after 2025
Ahead of the company's launch of e-scooter on Independence Day, experts say market transition may take time
The e-scooter's pre-launch garnered bookings of close to 100,000 in 24 hours
Ola wants to position itself as an attractive alternative to the popular ICE 125 cc scooter range through its own electric offering
Ola Electric on Saturday said it has received around 100,000 bookings for its upcoming scooter within the first 24 hours of initiating the process
Those who reserve early will get priority delivery
The company has claimed this to be the largest long-term debt financing agreement for the Indian EV industry
Last year, Ola had announced a Rs 2,400-crore investment for setting up its first electric scooter factory in Tamil Nadu
G R Arun Kumar joins as the Group CFO for Ola and CFO for Ola Electric, while Swayam Saurabh has come in as CFO for Ola's mobility, financial services and foods biz
With one-fourth the range of gasoline powered vehicles on a full tank, EVs have seldom been the primary vehicles of choice and evoke, what is called, "range anxiety"
Balachandar is a 33-year HR veteran who was most recently group director at Coffee Day; earlier stints include GE Healthcare and GE Capital, Strides Arcolabs and Stanchart
Burgess has spent almost three decades designing vehicles for the majority of British premium automotive manufacturers