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Ola close to launching its electric scooters – Times of India


BENGALURU: Ola Electric looks to be close to launching its electric scooters, going by CEO Bhavish Aggarwal‘s tweets over the past few days. His latest tweet, on Thursday, sought suggestions on paint schemes.
“Time to order some paint. What colour would you like on the Ola Scooter? Already got you covered for Black. What else?” he asked.

This tweet comes just days after Aggarwal tweeted that the EV (electric vehicle) revolution is around the corner as more states come up with their individual policies with Gujarat being the latest to do so.
The state’s policy provides subsidies worth Rs 870 crore for electric vehicles and for setting up charging infrastructure.
The policy announced by chief minister Vijay Rupani offers a subsidy of Rs 10,000/kwh. EV buyers will get a subsidy of up to Rs 20,000 for electric two-wheelers, up to Rs 50,000 for three-wheelers and up to Rs 1.5 lakh for 4-wheelers. The subsidy will be credited directly to the beneficiary account.
“The EV revolution is coming! From Karnataka in 2017 to Gujarat just this week, 21 states and UTs are now incentivising EVs to make them affordable. We’re committed to accelerating this with #OlaFuturefactory and our scooter that’s coming soon! #FutureIsElectric @OlaElectric,” Aggarwal tweeted.

Ola Electric is building a factory on a 500 acre land parcel in Hosur in Tamil Nadu. When ready, it will have the capacity to manufacture 10 million e-scooters every year, making it the largest two wheeler maker globally.
Karnataka also tweaked its EV policy last month to attract more investment. The government announced a 15% capital subsidy to investors in the EV sector on the value of fixed assets over five equal annual payments for 50 acres of land for EV assembly or manufacturing enterprises.
“With the increased focus on EV manufacturing, the incentives have been revised in line with investor expectations to accelerate the adoption of EV uptake in the state,” the state government order said.





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