Ola Electric's Bhavish Aggarwal responds to MapMyIndia’s notice, defends IPO pricing strategy

Ola Electric founder Bhavish Aggarwal has addressed recent developments concerning a notice from MapMyIndia, stating, "It is opportunistic of MapMyIndia; there are opportunistic players everywhere. We will respond to them at the right time." Even though Ola Electric is not involved in the mapping business, Aggarwal stressed that the company is prepared to address the situation as needed.

Regarding Ola Electric's upcoming IPO, Aggarwal commented, "We wanted to ensure that the pricing was set at a level that would generate significant excitement among investors."

Aggarwal also clarified, "We haven't confirmed or denied plans to pause car production. Our current focus is on two-wheeler manufacturing, with our next step being motorbikes. Our primary goal is to build a robust ecosystem for electric vehicle production, which remains our main priority."