Bhavish Aggarwal, founder and CEO, Ola Electric, mentioned, “2022 has proven to be the inflection point in India’s journey towards becoming a global EV hub. At Ola, we are committed to Mission Electric and have managed to drive EV adoption and penetration across the country. Ola is now the largest as well as the fastest growing EV company in the country. If last year has shown us the true potential of India’s EV market, next year is poised to open the floodgates for EVs in the country.”
ET reported on December 2 that EV
gross sales in November hit 76,148, nearly touching the all-time excessive of 76,445 in October.
Ola Electric, based in 2017, introduced in December that it had gained income market share of fifty% throughout EV and inner combustion engine (ICE) two-wheelers within the premium scooter section (ex-showroom worth of Rs 1 lakh and above). The firm is India’s largest EV producer, competing with manufacturers like Ather, Okinawa and Hero Electric.
Despite the uptick in EV gross sales up to now two months, the trade may miss its annual goal of 10 lakh automobiles in 2022-2023 by a minimum of 20%,
in line with Society of Manufacturers of Electric Vehicles (SMEV). According to the trade physique, the shortfall is anticipated as a result of the federal government has withheld subsidies value Rs 1,100 crore.
Ola Electric is seeking to make extra inexpensive choices out there for its clients. In October, the corporate introduced the launch of an inexpensive model of its S1 scooter, the S1 Air. The car is priced at slightly below Rs 80,000 and is anticipated to be rolled out by April 2023. in October, Aggarwal mentioned the S1 line
could be the best-selling scooter in India subsequent yr, beating Honda’s Activa.
Discover the tales of your curiosity
Last month, Aggarwal had mentioned the corporate was taking a look at
manufacturing industrial automobiles, other than scooters and vehicles. “There are teams working on cars, two-wheelers, there are teams working on commercial vehicles… same software, same cells, electronics is used across products,” Aggarwal mentioned.