Ola’s New Vehicle Launch: Ola Electric is planning a big event on India’s Independence Day on August 15. The company’s first electric car is set to arrive on August 15 amid much anticipation. But Ola CEO Pavish Aggarwal hints that the company may have some other surprises in store as well. A recent question he posted on Twitter confirms it. Apart from the Ola electric car, it is speculated that there could be a new “low-cost” Ola S1.
Agarwal had earlier tweeted a teaser of the August 15 launch event. While the teaser doesn’t really reveal the specifics, the Ola chief said, “We are very excited to announce a new product this August 15.”
Any guesses what we’re launching on 15th August??!!
— Bhavish Aggarwal (@bhash) August 5, 2022
“I will share more about our big future plans,” Agarwal added. This confirms the company’s portfolio expansion segment. For example, it could be news related to Ola Cell Factory.
But Ola has released previews of its electric car. At Ola’s Customer Day in June, it shared a video teaser of the car displaying its LED DRLs in red.
The front and rear design of the car were also part of the teaser. Ola logo appeared on both sides. Nothing else has been officially revealed about the Ola Electric Car. There are speculations that it might have a coupe-style roofline with 4 doors.
Ola’s significant layoffs and the resignation of several top executives from Ola Electric over the past few months have raised questions about the company’s business outlook. Ola Electric’s CEO Pavish Agarwal had also disclosed about a business tie-up with Ola’s rival Uber.
“We are operating very profitably. We are growing well. If some other companies want to take their business out of India, that is their choice! We will never merge,” Agarwal said in his recent tweet.