Ola Electric: Ola confirmed plans to enter electric motorcycle business in India
Ola Electric, which started operations last year, is currently the country’s largest manufacturer of electric two-wheelers. It offers three models – S1, S1 Air and S1 Pro in India.
Bhavish Aggarwal, co-founder and CEO of Ola, is hosting an online poll on what kind of electric motorcycle his EV maker should build first. (AFP)
In the clearest hint yet, Ola Electric has confirmed that it will be entering the electric motorcycle business in India. Bhavish Aggarwal, co-founder and CEO of the Tamil Nadu-based electric two-wheeler maker, said his company was “building” electric motorbikes and conducting an online survey to find out what potential customers want the character of the EV to be. that is. . He came up with options like a sport bike, cruiser bike, adventure bike, or cafe racer. Ola previously expressed his eagerness to expand his EV business beyond electric scooters.
According to reports, the first of Ola Electric motorcycles could hit the markets as early as next year. Recently, the CEO hinted that Ola is considering e-bikes that cater to segments such as the mass market, mid-segment as well as the premium category. An official announcement on Ola’s next electric motorcycle could take place towards the end of this year.
Ola’s plans to launch an electric motorcycle were first hinted at when the S1 Air electric scooter was launched on Diwali this year, Aggarwal said: “Over the next 12 months, we will be building electric products in all categories of two-wheelers, such as commuter scooters. , motorcycles, sport bikes and more, to ensure that everyone who purchases ICE vehicles has a much better EV product to choose from. »
Ola Electric is currently the leading electric scooter manufacturer in the country. The recently launched S1, S1 Pro and S1 Air comprise Ola’s EV lineup, which debuted in August last year. In October, Ola Electric recorded about 20,000 electric vehicle sales, its highest level in a month. Aggarwal is optimistic that the EV maker will reach production capacity of 10 lakh EVs by the end of next year. Since December last year, Ola has already manufactured a lakh units so far.
Ola Electric also plans to drive its first electric car. The electric vehicle maker recently showed what the next electric car will look like and what it will offer in terms of features and performance. The electric car should not be launched before 2025.
Date of first publication: November 10, 2022, 1:44 PM IST