Ola keen to build electric two-wheeler business

New Delhi: Ola CEO Bhavish Aggarwal on Friday said the company is focused on aggressively building a global electric two-wheeler business, and will also play across different vehicle segments over the next few years.

The co-founder of the ride-hailing major also noted that India – with its unique skill sets and manpower – can be a bridge for developing paradigms and technologies for both developed and developing nations.

Speaking at a CII event, Aggarwal said there are four broad segments of vehicles, including large commercial vehicles (buses and trucks), western-style four-wheelers, Asian and European style four-wheelers (small city cars), and two and three-wheelers.

Our ambition is to be the leader in electric mobility for the small vehicles and small city four-wheelers. And unlike Tesla or many of the American companies, which are building for their own audiences, we have to build for our audiences. India is the world’s largest two-wheeler market. Asia is 80-90 per cent of the global two-wheeler market, he explained.

Aggarwal pointed out that two-wheelers on an aggregate basis create more pollution today than four-wheelers in some geographies, and to solve this, the company is focused on aggressively building a global (electric) two-wheeler business.

According to sources, Ola is planning to foray into electric scooter manufacturing and plans to hit the market with its first vehicle in January next year.

The electric scooter, initially manufactured at a facility in the Netherlands, will be sold in India as well as Europe. Ola, however, has not commented on the exact timeline for the launch of e-scooter.

 

NT Bureau