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The government has provided a platform to take advantage of, the industry now needs to commit to EV: Ola CEO

Ola CEO Bhavish Aggarwal said the government has done a lot to promote electric vehicles, and the automotive industry is now committed to adopting electric vehicles (EVs).

Today, Ora Electric launched the first electric scooter, the Ora S1. The Ola S1 electric scooter is offered in two trims, the S1 and S1 Pro, with price tags of 99,999 rupees and 1,29,999 rupees, respectively.

“We now need to look ahead as an industry, reject gasoline and work on electricity. Not only OEMs, but also the industry needs to invest to produce the components needed for EVs. The government has to invest. It provides a very good platform for the industry to leverage, and now it’s up to the industry to truly take the cloak and invest in building the right technology. “

Also read: The starting price for the Ora Electric Scooter is 99,999 rupees.Check details

Regarding the selection of Tamil Nadu’s Krishnagiri as the site for Ora’s future factory, which produces electric scooters, Agarwal said the company chose a state with a “best talent ecosystem.” Ora also has a supplier park near the factory, and many suppliers set up shops there, he said.

However, Aggarwal reportedly said the company would also consider other states to build other future factories.

Regarding cell production, Aggarwal said Ola would like to partner with a company to build an ecosystem for that in India. “This is a core component of the vehicle and we would like to partner here in India to build its ecosystem. The government has also devised a very promising PLI scheme for domestic cell production. We are exploring all the options and are definitely doing something to accelerate domestic cell production … “said Agarwal.

CEO Ola also called for more investment by the industry in EVs. “Technology is here, it’s a reality, and it will leave everyone behind. Technology is the only basic truth of life, and it’s only one way, that is, moving forward, so more investment We need to make more investments if we need to, “he says. Added.

Also read: Eight of the top 10 M-caps jump over Rs 16,000. TCS top chart

The government has provided a platform to take advantage of, the industry now needs to commit to EV: Ola CEO

Source link The government has provided a platform to take advantage of, the industry now needs to commit to EV: Ola CEO

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