Throughout Ola Electrical’s Q2 FY2025 outcomes convention name, Founder and Chairman Bhavish Aggarwal revealed the corporate plans to launch 20 merchandise over the subsequent two years. It won’t introduce 20 totally different EVs, although, providing a number of variations of the identical mannequin with styling and efficiency variations in some circumstances.
By broadening its portfolio by 2026, Ola Electrical will enter a brand new class – three-wheelers, Aggarwal confirmed through the outcomes convention name. “Sure, we’re constructing three-wheelers,” he mentioned, acknowledging the speculations within the media have been true. The corporate will leverage its present high-volume electrical two-wheeler elements, which ought to enable it to save lots of considerably on growth and manufacturing prices and launch the electrical three-wheelers at extra enticing costs.
Ola Electrical will use the identical electronics, battery structure, and powertrains for the electrical three-wheelers as its S1 sequence of electrical scooters, which it at the moment sells in X, Air, and Professional variations and plans to supply in a brand new ‘Sports activities’ variant additionally sooner or later. That’s the fantastic thing about these electrical three-wheelers, Aggarwal mentioned.
Aggarwal confirmed two electrical three-wheelers within the product pipeline in his presentation for the Q2 FY2025 outcomes convention name. Apparently, Ola Electrical plans to launch an autorickshaw within the second half of 2025 and a cargo mannequin within the second half of 2026. The corporate would use an identical design language for each fashions. It’s testing the passenger mannequin in Bengaluru (Karnataka), the place it has its headquarters, and native media declare it would launch this mannequin because the ‘Raahi,’ which suggests “traveller” in Hindi.
Ola Electrical’s enterprise is flourishing due to a increase in India’s electrical two-wheeler market in recent times. From simply 20,948 electrical scooters in FY2022 (April 2021-March 2022), the corporate grew to a whopping 156,251 models in FY2023 (April 2022-March 2023). In FY2024, it registered greater than double the earlier quantity – 329,618 models. It has but to grow to be worthwhile, although, and it’s dealing with issues with high quality management and repair backlog as effectively, which it must cope with on precedence earlier than going bullish with new merchandise.
olaelectric.com (earnings name; 8:29-8:57), nsearchives.nseindia.com (presentation; PDF), indiatimes.com
