Ola and Ola Electric co-founder says India’s EV industry saw 20x growth by 2022-end, with monthly run rate increasing from just 4,000 units a month in June 2021 to 80,000 units towards 2022-end.
Bhavish Aggarwal says Ola Electric recorded the highest ever sales in India in Oct. Okinawa Autotech, the second biggest EV maker, sees 111.8% growth on month-on-month.
After announcing a physical presence at over 200 locations by FY2023, Ola Electric has taken the first step to be present in up to five international markets.
Bhavish Aggarwal says Ola is exploring alternate chemistries to lithium and is also working on sulfur-based chemistries, which will fructify in the long term
A total of 10 bids were received from companies with manufacturing capacity of 128 gigawatt hours (GWh) under the battery PLI scheme.
Companies like Ola, Okinawa, and Pure EV have recalled over 6,500 EVs after several fire-related incidents across the country
Ola's battery innovation center will have capabilities to develop complete packages of battery pack design, fabrication and testing under one roof.
Ola CEO Bhavish Aggarwal says Ola is building the "world's most advanced" cell research centre and that having a robust local EV ecosystem is crucial for India to become a global EV hub
Okinawa’s latest facility in Karoli, Rajasthan, will have a capacity of 1 million units every year, and will roll out electric scooters and motorcycles from its new joint venture.
Ola Electric’s market share in April grew 39% when compared to March. It dethroned segment-leader and one of its oldest incumbents, Hero Electric, for the pole position
