Bhavish made a series of tweets on August 12, in which he said that he is going to unveil the company’s upcoming electric car on August 15 at 2 pm. After which he showed the first glimpse of the electric car in another tweet in the evening. A short video clip shared on Twitter shows the car moving. However, the car is not shown in its entirety.
Tweeting Bhavish’s video clip, he wrote, “The picture is still there my friend, see you on 15th August at 2 pm.” Let us tell you that there is a lot of stir in the Indian auto market regarding Ola’s first electric car. People are eager to see Ola’s first electric car. Many people are also calling Ola’s upcoming electric car the Tesla of India. At present, the company has not revealed the information related to the range and features of this electric car.
Ola Electric is soon planning to start production of battery cells for electric vehicles in India. A company official has revealed that Ola will be able to reduce the price of its electric vehicles by 25-30 per cent with the commencement of SAIL manufacturing in India. With this, the cost of battery packs used in electric vehicles can be reduced by 40 percent.
Currently, companies manufacturing electric vehicles in India depend on countries like China, Taiwan and Japan for SAIL. Due to the import of SAIL, the cost of electric vehicles increases. At the same time, the production of other equipment used in the battery has started in India itself. Ola is currently buying sales for its electric vehicles from LG Chem.
At present, due to the lack of local production of SAIL in India, the cost of electric vehicles is high, due to which the prices of e-vehicles in the market are higher than petrol-powered vehicles. This is hindering the development of electric vehicles in the country.
Economic Times Auto quoted an Ola official as saying that Ola will first use the battery pack manufactured at its plant in its two-wheelers. The company also plans to export cells and battery packs, although exports will start only after the domestic demand is met.
It has been said in the report that Ola is first trying to reduce the cost of its electric vehicles and make it safer. An Ola official said that if the cost of manufacturing e-vehicles is low, then companies will be able to invest more in making them safer. This can ensure an affordable electric vehicle for every customer in future.