Ola Electric is reportedly planning to enter the commercial EV market and compete with automotive giants Tata Motors and Mahindra & Mahindra.
According to Bhavish Aggarwal, the company will launch its first products in the three-wheeler and four-wheeler segments. Ola Electric teams are working on commercial EV products that will use the company’s proprietary software, cells, and electronics, he said. By next year, Ola Electric is expected to launch three-wheeler e-vehicles weighing less than 3.5 tonnes. Bhavish Aggarwal, the founder of Ola Electric, has stated that teams are working on commercial vehicles that will use the company’s proprietary software, cells, and electronics. The move follows the startup’s claim that the space has high demand and attractive margins.
