Follow us
Electric car off the table, says Bhavish Aggarwal: PTI
"We're going in a sequence, two-wheelers and then other products," Aggarwal told PTI.
2590 Views
Ola Electric has put on hold its plans to make an electric car, Bhavish Aggarwal told PTI. The head of the recently listed firm answered in the affirmative on being asked by PTI if the electric car project was off the table. "We are not working on it right now."
He added that their vision was to make products relevant for India and work on technologies to enable the products at scale. "We're going in a sequence, two-wheelers and then other products."
In the first quarter of this fiscal, Ola Electric's auto segment EBITDA was close to break even, except for a one time reversal of roughly Rs 30 crore that it had to give as part of standard operating procedure for PLI rules, Aggarwal told PTI, adding that the cell segment was at a different stage of evolution.
RELATED ARTICLES
Carmakers work Sundays, Holidays to Meet Festive Demand
Ketan Thakkar
27 Oct 2026
Maruti Suzuki’s October output could exceed 2.5 lakh vehicles, while Tata Motors has worked additional Sundays as manufa...
Tata Motors Secures Acceptances for 89.42% Iveco Stake, Crosses Offer Threshold
Autocar Professional Bureau
27 Oct 2026
Shares tendered under the offer are worth €3.43 billion; the acquisition would bring Tata Motors closer to its ambition ...
High-Tech Two-Wheelers Power EV Revenue Surge at Auto Parts Supplier Sona
Shahkar Abidi
26 Oct 2026
The automotive component maker expands two-wheeler EV portfolio, driving record quarterly revenue.
