Ola Electric to enter electric car segment; to launch first model by 2024
Ola Electric on Monday said it will foray into the electric car segment with plans to launch its first model by 2024.
The company, which struggled with deliveries for its electric scooters after it announced entry into the segment exactly a year ago, has set an ambitious target of selling 10 lakh electric cars by 2026-2027.
In a press conference, Ola founder and CEO Bhavish Aggarwal said Ola Electric aims to provide a range of electric two-wheelers to electric cars which are priced in the range of Rs 1 lakh to Rs 50 lakh.
“We definitely have a full roadmap in the works in the car space… We will definitely have cars at the entry price market. We’re starting with a premium car and that comes out in 18 to 24 months,” he said when asked about the company’s plans for electric cars.
