Ola ramping up e-scooter production, capacity: CEO Bhavish Aggarwal
Ola Electric is ramping up production of its e-scooters and is parallelly expanding capacity at its factory in Krishnagiri in Tamil Nadu to meet future demand, company Founder and CEO Bhavish Aggarwal said on Saturday.
The company, which launched its new S1 Air electric scooter at an introductory price of ₹79,999, said it will also make a foray into electric motorcycles by next year.
"We have sold upwards of a lakh units now (since the company made a foray into the electric two-wheeler space last year in August). Now, we have very significant momentum behind us. We are already producing more than 1,000 a day now at the future factory. We will be scaling it up significantly beyond that," he said in a virtual press conference.
Aggarwal further said,"We feel that in the next six to eight months we will exhaust the (current) installed capacity and we are also in parallel expanding our capacity in the future factory."
He was responding to a query on how many electric scooters has the company sold so far and by when it expects to fully utilise the initial installed capacity at its manufacturing unit.
The company has a current capacity of 20 lakh units per annum at its factory. When fully completed, Ola Electric has stated that its manufacturing facility will have a capacity to produce 1 crore electric two-wheelers annually.
When asked about the investments for further expanding production capacity, he declined to comment.
On the company's future product plans, including electric motorcycles, Aggarwal said,"We are working on some very exciting concepts. Next year, we will definitely launch..."I'm personally very excited about the motorbike segment and you will see some very major promise next year on that."
He said Ola
Read more on tech.hindustantimes.com
