Ola’s first electric car may come as a premium offering, may be priced between Rs 40 to 50 lakh

Ola Electric is working on its first electric car and it will be launched in the Indian market in 2024. The company’s first electric four-wheeler will have a range of over 500 km on a single charge and is claimed to go from 0- 100 kmph in under 4 seconds. In an update, Ola CEO Bhavish Agarwal has reportedly teased the pricing details of the upcoming electric car. It will debut as a premium offering in the country. Ola Electric entered the EV space last year with the launch of the Ola S1 and S1 Pro electric scooters. It recently unveiled its new S1 electric scooter, priced at Rs. 99,999.

according to a report good By Kartok, Ola Electric CEO and co-founder Bhavish Agarwal reportedly confirmed to PTI that the company’s first electric car will be priced between Rs. 40-50 lakhs. The report quotes Agarwal as saying that “Ola’s product range will span from Rs 1 lakh (entry two-wheeler) to Rs 40-50 lakh (premium electric car) and the company’s vision is to become a global leader in medium-sized, small and premium electric cars that are suitable for markets and consumers like India. The e-car will be the ‘fastest and sportiest’ in India. We definitely have a complete roadmap to work in the car space.”

During the virtual launch event of Ola S1 on 15th August, Ola announced that it will introduce its first electric car in 2024. It is claimed to be one of the fastest cars in India and is said to accelerate from 0-100 kmph in under 4 seconds. .. It will cover a distance of more than 500 km on a single charge. In addition, the EV will have a glass roof and will run on the company’s MoveOS software. It is also confirmed to include assisted driving capabilities, and keyless and handleless doors.

Ola Electric, which started manufacturing two-wheelers last year, last week launched the Ola S1 as the company’s second electric scooter in India. 99,999.

The new Ola S1 will replace the Ola S1 Pro from 2021 and is offered in Coral Glam, Jet Black, Liquid Silver, Neo Mint and Porcelain White color options. It runs on MoveOS 2. The battery capacity of Ola S1 is 3KWh. It has a top speed of 95 kmph and offers an ARAI range of 141 km and a normal range of 101 km.