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Ola Electric to bring three-wheeler to market soon

Entrackr · 1m

EV manufacturer Ola Electric is all set to launch its electric three-wheeler (e-rickshaw) later this year. The firm is likely to price its EV 3W more competitively to target market leaders like Mahindra, Piaggio, and Bajaj. According to a CNBC TV 18 report, Ola Electric Mobility aims to establish several hundred non-company-owned outlets to deepen its distribution network. In addition to the passenger version, the company will also launch a goods carrier variant. Earlier, media reports suggested that Ola Electric’s new vehicle is likely to be called Raahi. Recently, the Bhavish Aggarwal-led company announced that its products will be available on the government-backed Open Network for Digital Commerce (ONDC). In the Electric two-wheeler, Ola Electric has the largest market share and the firm is anticipating to replicate the same in the three-wheeler space. It will also become eligible for government’s production linked incentive (PLI) scheme, which offers financial incentives to companies that manufacture specific products in India.