On Thursday, Ola Electric announced its intention to enter overseas markets, starting with Nepal. According to the business, it has inked an MoU with CG Motors in Nepal to work together as the country’s local distributors for the Ola S1 scooters (S1 and S1 Pro).
The electric two-wheeler manufacturer from Bengaluru said in a statement that the scooters will be offered in Nepal starting in the next quarter.
The corporation intends to expand its footprint in five foreign markets by entering Latin America, ASEAN, and the European Union in the second phase.
“Our foreign growth not only means that we as a company will be able to service clients in these comparable locations, but it is also a testimonial to the fact that India will lead the EV revolution for, ” stated Bhavish Aggarwal, Founder and CEO of Ola.
He asserted that India must serve as the focal point of change if the electric car revolution is to advance.
The business recently announced an idea for electric four-wheelers. Earlier this week, Reuters reported that Ola will eliminate 200 engineering positions in order to decrease redundancy in its two primary industries, ride-hailing and the production of electric vehicles. According to the business, it is concentrating on becoming a “vertically integrated mobility firm” and is centralising operations to provide a framework for combining pertinent roles and responsibilities.
In response to a “recruitment surge” for positions in vehicle engineering, sourcing, product management, and data science, the report claims that Ola intends to boost its engineering personnel from its present size of roughly 2,000 to 5,000 over the course of the next 18 months. Is.