19th June 2024, 17:17
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| Ola Electric to launch its first motorcycle in FY2026 Ola Electric has announced that its first electric motorcycle will reach showrooms in the first half of FY2026.  In the draft red herring prospectus (DRHP) for its upcoming IPO, Ola Electric said, “We expect to begin delivery of the motorcycles in the first half of fiscal 2026.” Last year, Ola Electric unveiled four concept electric bikes called the Cruiser, Adventure, Roadster, and Diamondhead. More recently, the company filed design patents for two entry-level electric motorcycles. “We plan to further expand our product portfolio to also cover mass-market motorcycles, targeting a wider range of consumers across various product types and price points in the long term,” Ola Electric said. "Limited options have restricted EV penetration in the motorcycle segment to less than 1 percent, with a significant presence of EVs in over Rs 1 lakh price segment. With the strengthening of supply in popular price segments through R&D and technological advancements, penetration in the electric motorcycle segment is also expected to see an uptick,” the company added. Source: Autocar India Link to Team-BHP News |
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20th June 2024, 08:53
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20th June 2024, 13:08
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