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.
2393 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
India’s Auto Boom Faces Risk as West Asia Conflict Disrupts Gas Supply Chains
Autocar Professional Bureau
19 Mar 2026
Executives across carmakers, suppliers, and dealerships told Reuters that early signs of supply chain stress are already...
India's Happiness Rate Falls 16 Points in a Year, Ipsos Survey Finds
Arunima Pal
19 Mar 2026
Globally, Indonesia recorded the highest happiness levels and Hungary the lowest.
BMW Group India to Increase Vehicle Prices by Up to 2% from April 1
Arunima Pal
19 Mar 2026
The company said the price adjustment is aimed at offsetting rising input costs, including higher logistics expenses and...
