Ola CEO Bhavish Aggarwal's ambitions may play spoilsport to Elon Musk's plans in India
Aggarwal says his goal is to design an electric car with 90% of locally-sourced components to help boost Prime Minister Narendra Modi’s Make in India initiative.
Ola Cabs founder and Ola Electric CEO Bhavish Aggarwal is planning to ride an Ola electric car in 2023. The public revelation from the CEO comes two days after the pompous launch of the Ola Electric scooter - on the eve of India's 75th Independence Day. When the scooter opened for pre-bookings a few weeks ago, the company received over 1 lakh orders within 24 hours. The fight for the EV segment in India has just started heating up.