ElectricTwo & Three Wheeler

Ola races to 1 lac production milestone

Ola races to 1 lac production milestone

Ola Electric, India’s largest electric vehicles company, continues its record-breaking spree as it rolled out the 1,00,000th scooter from its all women run Futurefactory in Krishnagiri, Tamil Nadu. Having commenced mass production during late November last year, Ola Electric has managed to scale this milestone in just 11 months.

Bhavish Aggarwal, Ola Electric Founder and CEO said, “Since embarking on our journey towards electrification of India, we have unlocked the potential of EVs in our country by offering customers a much superior product and experience than what any petrol alternative can offer. This milestone is just the beginning. The next 1 lac will be in half this time as the transition to EVs gathers even more pace. India is closer towards making Mission Electric a reality than ever before.”

Ola Electric has been riding a strong momentum through the festive season consolidating it’s market leadership position. In October 2022, Ola clocked an unprecedented 20,000 units in sales – highest ever for any EV manufacturer in India. This was 60% growth m-o-m, outpacing the entire EV segment by 2x.

With the success of S1 and S1 Pro, Ola is also the most dominant OEM in the premium scooter segment across ICE and EVs.

Ola had made a big push during Diwali with the launch of all-new Ola S1 Air for INR 84,999 towards transforming India’s EV revolution into a mass movement. The latest entrant into Ola S1 family – S1 Air, along with the S1 and S1 Pro, will offer customers a premium 2W experience across multiple price-points. The bookings for the Ola S1 Air will begin in February 2023, while the deliveries are scheduled to begin in April that year.

Ola has also been on an expansion spree on the D2C front. With 50 experience centres in operation already across the country, Ola plans to open 200 centres across different formats by March next year.

About Ola

Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies. Ola revolutionized urban mobility by making it available on-demand for over a billion people across 3 continents. Today, Ola continues to move the world to sustainable mobility through its ride-hailing platform as well as through advanced electric vehicles manufactured at its Futurefactory, the largest, most advanced, and sustainable two-wheeler factory in the world. Ola is dedicated to transitioning the world to sustainable mobility and making the world better than we found it.

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