Ola CEO Bhavish Aggarwal has posted another tweet, hinting that Ola Electric’s next product will be a car that will be announced on August 15. The tweet has a teaser video as well, which shows the sides of what looks like a red car.
Though the design is still not confirmed, the actual Ola car could look very different compared to the earlier designs. Aggarwal had also claimed earlier that Ola Electric was building the sportiest car in India.
If Ola launches an electric car, it will be up against some of the best players in the market. Tata Motors’ Nexon and Tigor which are available in EV variants, MG’s MG ZVS– which is a premium EV vehicle and Hyundai as well. Other players like Volvo, Kia Motors all plan to bring more EV variants to India. Hyundai is planning to bring a new Honda City, which will be a hybrid EV.
Ola Electric already has scooters in the Indian market. Ola Electric has already announced the investment of $500 million for a research and development centre for battery technology.
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