‘Our ambitions in electrification are to make India the global electric vehicle hub,’ CEO of Indian ride-hailing company Ola, Bhavish Aggarwal told the ReutersNext conference
While Ola's finances have bounced back in recent months, Aggarwal said the company was working to improve them further after they were hit by the COVID-19 pandemic.
"Our vision for the Ola business is to be a large, broad-based mobility platform," Aggarwal said, adding that the Ola app already allows its 150 million customers to buy and sell new and used cars, and avail vehicle finance and insurance.A policeman drinks tea in front of Ola's office in Mumbai, India October 29, 2018.
It plans to launch an electric car in 2023 and is looking at setting up local battery cell manufacturing. The company has come under criticism for delays in its scooter deliveries, but Aggarwal said those were caused by the global semiconductor shortage and first deliveries were on track for Dec. 15.Aggarwal said that while companies like Tesla
are leading the way in building vehicles more suited for Western markets, India can lead in the area of small cars, scooters and motorbikes for which global demand is higher.Register now for FREE unlimited access to reuters.comReporting By Aditi Shah; Writing by Jane Wardell; Editing by Himani Sarkar and Ana Nicolaci da CostaSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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