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Ola announces launch of its first electric car by 2023: Reports

The co-founder also noted that the company is already working on and designing the vehicle's design. They are optimistic about joining the electric car market within the next two years.

Auto Ola announces launch of its first electric car by 2023 gcw
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New Delhi, First Published Aug 20, 2021, 11:00 AM IST
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OLA has lately introduced its electric scooter to the market. The public has favourably accepted the vehicle, as evidenced by the number of bookings obtained before the formal debut. The machine is known as the Ola Series S electric scooter. 
The ride-hailing company's first product has been released. On India's Independence Day, the two-wheeler struck the road. The Ola Series S scooter comes in two models: the OLA S1 and the OLA S1 Pro.

Also Read | Ola launches electric scooters S1 and S1 Pro, check out features and price

The basic model, the OLA S1, costs Rs 99,999 ex-showroom and features a 2.98 kWh battery pack with an IDC range of 121 kilometres on a single charge and a peak speed of 90 kmph.

Furthermore, the two-wheeler can accelerate from 0 to 40 km/h in 3.6 seconds. The Pro version, which costs Rs 1,29,999 ex-showroom, is powered by an 8.5 kW motor that produces 58 Nm of peak torque.

According to media reports, OLA co-founder Bhavish Aggarwal has now stated that the Indian company would also offer an electric automobile. He said that the four-wheeler would be available for purchase by 2023. The co-founder also noted that the company is already working on and designing the vehicle's design. They are optimistic about joining the electric car market within the next two years.

If rumours are to be believed, the soon-to-be-released electric vehicle will be designed for urban use. This forthcoming offering's target audience will include both personal and fleet consumers.

Also Read | On 75th anniversary, Piaggio launches Vespa limited edition scooters

Recently, Piaggio India is celebrating the 75th anniversary of the iconic Vespa. Vespa launched a special 75th-anniversary edition that commemorates the company's cultural and artistic achievements dating back to the 1940s. This 75th anniversary Vespa exemplifies elegance, flair, and refinement via nostalgic reminiscences of the renowned brand's history.

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