Spread across 115 acres of land, the Ola gigafactory will begin operations by early next year with an initial capacity of 5 gigawatt-hour The capacity of Ola Electric’s upcoming factory in Krishnagiri will be expanded in phased to 100 GWh The factory is part of the attempts of Ola Electric, the leading two-wheeler electric manufacturer […]
TVS, Ather, Ola hike prices of electric two-wheelers as new subsidy norms kick in – EQ Mag
Electric two-wheeler makers TVS Motor Company, Ather Energy and Ola Electric have increased prices of their products as curtailed subsidy structure comes into effect from June 1. In a statement, TVS Motor Company stated that in order to propel the electrification journey further in a sustainable manner after FAME II scheme revision, it has increased […]
Ola, Ather and other electric two-wheeler prices may rise soon. Here is why – EQ Mag
Prices of electric two-wheelers from Ola Electric, Ather Energy, Hero Vida and other manufacturers could up significantly in near future as the Centre plans to reduce subsidy under the FAME II scheme to promote electric vehicles. The Ministry for Heavy Industries has proposed subsidy on electric two-wheelers to 15 per cent. If its proposal is […]
Ola focuses on small town India for network expansion – EQ Mag
CHENNAI : Small town India is taking to electric scooters in a big way. According to Ola Electric, smaller locations like Durg in Chattisgarh, Belgaum, Tumkur and Hassan in Karnataka, Ernakulam in Kerala and Tirupur in Tamil Nadu are boasting 35%-60% penetration in electric scooters. “Kolhapur is among the top five penetration markets, Belgaum has […]
Ola, Ather, TVS, Others Meet Govt Officials To Talk On FAME-II Mispricing Allegations – EQ Mag
The development comes after a whistleblower claimed that the companies have been artificially reducing EV prices to stay eligible for FAME-II subsidies According to the FAME scheme, electric two-wheeler OEMs cannot claim subsidies on vehicles with an ex-factory price of over INR 1.50 Lakh These companies have reportedly been billing chargers and software separately from […]
Ola to buy 1500 acres in Tamil Nadu for EV factory: Report – EQ Mag
The Tamil Nadu government has reportedly approved a proposal by ride-hailing company Ola to acquire around 1,500 acres in the state for the construction of an electric vehicle (EV) manufacturing facility, a component supplier ecosystem, and a battery cell manufacturing plant. An official announcement regarding the deal is expected to be made in the coming […]
Ola sells over 25000 electric scooters in December, grabs a higher market share – EQ Mag
Bhavish Aggarwal recently stated that Ola Electric experienced a 20x growth in 2022 as its production of two-wheeler electric vehicles increased from 4,000 units in June 2021 to 80,000 units toward the end of the year. Ola Electric sold 25,000 electric scooters in India in December 2022, transforming the ride-hailing company into an EV manufacturer […]
Ola in talks with multiple global suppliers for $1 bn cell manufacturing
Ola Electric is reportedly in talks with suppliers from Korea, Germany, Japan and other countries The battery cell manufacturing plant may cost about $1 Bn Ola Electric will receive incentives for 20-gigawatt hours (GWh) capacity from the government’s PLI scheme Bhavish Aggarwal-led electric mobility startup Ola Electric is in talks with multiple global suppliers to […]
Ola to setup cell and electric car factories, scouting begins – EQ Mag Pro
Ola Electric will be soon establishing 1,000-acre cell and electric car factories across the country. Ola Electric is actively on the hunt for land to set up the cell and electric car factories in multiple states across the country. The OEM plans to buy 1,000 acres of land to set up the cell gigafactory and […]
Ola to set up cell and electric car factories, scouting begins – EQ Mag Pro
Ola Electric will be soon establishing 1,000-acre cell and electric car factories across the country. Ola Electric is actively on the hunt for land to set up the cell and electric car factories in multiple states across the country. The OEM plans to buy 1,000 acres of land to set up the cell gigafactory and […]