Bhavish Aggarwal has big plans for Ola Electric, sets sights on global market

Ola Electric founder Bhavish Aggarwal (Illustration: Moneycontrol)

Ola Electric founder and CEO Bhavish Aggarwal on April 23 said that the company has begun testing an autonomous vehicle and is planning to launch it in the global market in a year or two.

He said: “Ola Electric began testing an autonomous vehicle six months ago and will launch it in global markets by 2023-24.”

Aggarwal further said that Ola Electric has plans to launch a sub-10 lakh electric car. Additionally, there are plans to launch Ola S1 scooters later this year, which are supposed to be a lower-priced variant.

He also recently met Union Road Transport and Highways Minister Nitin Gadkari to discuss “India's potential to become the world's EV hub and Ola’s plans”.

The Ola Electric founder’s statement came on a day he said that the company may recall a few batches of electric scooters depending on the recommendations given by the probing agencies ascertaining the cause behind the EV fires. A month ago, an Ola S1 Pro had caught fire in Pune.

Gadkari has said that an expert committee has been constituted to enquire into these incidents of EV fires and make recommendations on remedial steps. Based on the findings of the reports, the Government will issue necessary orders on the defaulting companies.