Manufacturers of electric vehicles are looking into new market segments and bringing new products to the market Moving in that direction, Ola Electric teased its first electric car a few months back. Now, the company's CEO, Bhavish Aggarwal, confirmed that Ola Electric's new product will be unveiled on the 75th anniversary of Independence Day. We assume that the new product will be the upcoming Ola Electric car, which was previously hinted to, but it can also be a brand-new, affordable electric scooter.
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The CEO of Ola Electric wrote on Twitter about the upcoming product, saying "Super excited to announce a new product this 15th August! Will also share more about our BIG future plans!!" Ola Electric is investing heavily in electric mobility, and on last year's Independence Day, the company presented its flagship scooter, the S1 Pro.
In terms of the Ola Electric's car design, early teaser images showed that the front of the vehicle would include a wide connecting LED lightbar with an illuminated Ola logo. The roof line design resembles a coupe, even though the rear supports the same integrated LED taillight system as the front. Ola's UK design department is in charge of designing the upcoming Ola electric car. Online reports suggest that the sedan will emphasise long-distance driving range as well. According to reports, Ola is also working on an electric SUV, which could reveal soon after the sedan.
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Ola Electric recently halted the production S1 pro electric scooters at its Future Factory, allegedly owing to annual maintenance and the installation of new equipment. Additionally, the company and the Indian government negotiated a PLI project to produce lithium-ion for EV batteries in India. Additionally, the company is looking for land to build a new factory to make automobiles and battery cells. The company has also announced an investment of Rs 8,000 crore for a new battery R&D centre in Bengaluru.
