Ola Electric Car competitors: A look at top Electric cars in India, and what the competition looks like
During its Independence Day event, Ola Electric announced it is working on an electric car that is scheduled to come to market in 2024. While the company did not reveal much about its new vehicle, the car has its work cut out for it. There are already a few electric cars on the roads of India, and they will continue to offer stiff competition to the newcomer.
Before we look at Ola Electric’s competition, we need to understand which market segment the first car from the company will compete in. “In the west, the average price of an electric car is $70,000. We in India, cannot afford such a vehicle. The average selling price of a car in India is $25,000.
