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19th June 2024, 17:17
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Ola Electric to motorboat its archetypal motorcycle successful FY2026
Ola Electric has announced that its archetypal electrical motorcycle volition scope showrooms successful the archetypal fractional of FY2026.
In the draught reddish herring prospectus (DRHP) for its upcoming IPO, Ola Electric said, “We expect to statesman transportation of the motorcycles successful the archetypal fractional of fiscal 2026.”
Last year, Ola Electric unveiled 4 conception electrical bikes called the Cruiser, Adventure, Roadster, and Diamondhead. More recently, the institution filed plan patents for 2 entry-level electrical motorcycles.
“We program to further grow our merchandise portfolio to besides screen mass-market motorcycles, targeting a wider scope of consumers crossed assorted merchandise types and terms points successful the agelong term,” Ola Electric said.
"Limited options person restricted EV penetration successful the motorcycle conception to little than 1 percent, with a important beingness of EVs successful implicit Rs 1 lakh terms segment. With the strengthening of proviso successful fashionable terms segments done R&D and technological advancements, penetration successful the electrical motorcycle conception is besides expected to spot an uptick,” the institution added.
Source: Autocar India
