How much will it cost?
The new Ola electric car will boast a steep price tag, but according to CEO Aggarwal, it promises to deliver exciting performance. The car will promise from 0 to 100 km/h in just 4 seconds. Previously, the company also boasted of the car’s 500 km range on a single charge.
Ola car price in India teased
The Indian EV startup, which has so far manufactured the high-end electric scooter Ola S1 Pro, has also recently launched the entry-level electric scooter Ola S1 in India. In the same event, CEO Bhavish Aggarwal again teased Ola’s first car after it had been speculated for some time.
Global automakers believe that the Indian market is not ready for world-class technology and therefore sell their second-hand technology in India. Now we have to change that. We deserve a car that defines this new India, an India that fears nothing and believes in writing its own destiny.
During a discussion with PTI, Ola Electric CEO Bhavish Aggarwal highlighted the EV startup’s interest in approaching the EV car segment from the top down. The startup intends to launch premium products first, followed by more affordable models.
The CEO told PTI (Going through), “Ola’s product range will range from Rs one lakh (entry-level two-wheeler) to Rs 40-50 lakh (premium electric car), and the company’s vision is to be a “global leader in mid-size, small and premium electric cars that suit markets and consumers like India. The electric car will be the “fastest and sportiest” in India. We definitely have a full roadmap in the works in the automotive space. We will certainly have cars at the market entry price. We are leaving with a premium car that will be released in 18 to 24 months. We envision for all the products (that) we will launch, maybe by 2026 or 2027, we will aim for a million cars per year in volume.
Ola’s first electric car is expected to offer users a range of 400-500 km and boast a 0-100 km/h sprint time of just 4 seconds. This could make it one of the fastest cars on sale in India and the fastest local car in India as well. Ola’s electric car is expected to cost around Rs 40-50 lakh in India.
Ola risks reserving its ambitions as to the number of units sold in a month. The Rs 40-50 lakh support is etched with proficient products of various brands and yet manages a turnover of less than 1,000 units every month.