Ola Electric will produce electric cars in India in 2024

Deepak Gupta August 15, 2022
Updated 2022/08/15 at 10:56 PM

Certainly, when driving along any road, you have already come across at least one electric car also circulating. This phenomenon is due to several factors, including the growing concern with the emissions of toxic gases into the atmosphere, the increase in brands that bet on this sector and also the improvement of the vehicles themselves, combined with an increase in supply and the balance of prices. .

As such, it is not surprising that more and more automotive manufacturers are migrating from motors to batteries, all over the world. And the latest news indicates that the Indian company Ola Electric will also start producing electric cars in India as early as the year 2024.

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Ola Electric bets on electric cars in India

Possibly this name doesn't tell you anything, but the Hello Electric is an Indian company backed by the Softbank group which was founded in 2017 by Bhavish Aggarwal. Its headquarters are in Bangalore, capital of the state of Karnataka, and its factory is located in Krishnagiri, in the Tamil Nadu region of India.

The manufacturer is mainly known for the production of electric two-wheel vehicles, namely scooters, such as the S1 and S1 Pro models.

But now the company goes further and, according to information provided by ReutersOla Electric will bet on the manufacture of electric cars in India from the year 2024. The news was revealed by founder and CEO Bhavish Aggarwal, this Monday (15th) and it was also mentioned that the manufacturer's objective is to production of electric cars with a range of up to 500 km.

Ola S1 scooters by Ola Electric

In announcing the novelty, through a digital event that took place this Monday, which was also India's Independence Day, the executive adds that "this is the most ambitious car project ever undertaken in india".

Therefore, Ola Electric will thus be another player in the electric vehicle segment and, who knows, in the near future we may be seeing some of these cars on Portuguese roads.

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