Ola Electric to enter electric car segment; to launch first model by 2024
Ola Electric plans to launch its first electric car in the summer of 2024 and price it at less than $50,000 (roughly Rs 40 lakh) compared with the global price tag of around $70,000, its chief executive Bhavish Aggarwal revealed on Monday.
Experts said the move could spice up competition in the EV ecosystem, which is currently dominated by only a couple of legacy auto players.
“(It) will enable domestic supply chain management…and provide more options for customers,” said Suraj Ghosh, director, Powertrain & Compliance Forecasts, South Asia, S&P Global Mobility.
