Watch: India’s two wheel r‘EV’olution
ADVERTISEMENT
India’s electric scooter market seems set for disruption. The country currently sells only 150,000 electric two-wheelers a year, which is less than 1% of the total market. But that is about to change with Ola entering the segment with a mega factory.
At its full capacity of 10 million units by next year, Ola’s Future Factory will roll out one e-scooter every two seconds. Once completed, the 500-acre factory—the world’s largest two-wheeler plant—will account for 15% of the world’s two-wheeler production. Ola’s e-scooter, which will launch in June, is likely to be priced below ₹1 lakh.
January 2026
Netflix, which has been in India for a decade, has successfully struck a balance between high-class premium content and pricing that attracts a range of customers. Find out how the U.S. streaming giant evolved in India, plus an exclusive interview with CEO Ted Sarandos. Also read about the Best Investments for 2026, and how rising growth and easing inflation will come in handy for finance minister Nirmala Sitharaman as she prepares Budget 2026.
Ola’s closest rivals, in terms of price, are likely to be Naveen Munjal-led Hero Electric, the market leader, and Okinawa. The price of the Photon, the flagship e-scooter from Hero Electric, tops out at about ₹73,000, less than the price of Honda’s fuel-powered Activa, India’s top-selling two-wheeler. Okinawa’s portfolio of six e-scooters costs between ₹50,000 and ₹1.14 lakh.
Will Ola’s move disrupt the electric vehicles space? Watch the show.