Ola Electric will miss its target to fully utilise production capacity in 6-8 months


PTI, Nov 5, 2022, 10:04 AM IST

Image Source: https://olaelectric.com/

Ola Electric will miss its target to fully utilise installed production capacity in next six to eight months and will achieve only 50 per cent of it by November 2023, founder and CEO Bhavish Aggarwal said on Friday.

At the time of launch of the new S1 Air electric scooter ahead of Diwali last month, he had said the company was already producing more than 1,000 a day at its ‘future factory’ and would be scaling it up significantly beyond that.

”We feel that in the next six to eight months we will exhaust the (current) installed capacity and we are also in parallel expanding our capacity in the future factory,” he had said.

Company officials had insisted that Ola Electric has a current capacity of 20 lakh units per annum at its factory and it would be exhausted in the next six to eight months.

However, in a post on Twitter on Friday sharing the company’s production targets, Aggarwal wrote, ”Our cumulative production numbers: Dec 2021: 0; Nov 2022: 1,00,000; Nov 2023: 10,00,000; Nov 2024: 1,00,00,000…This is the journey to #EndICEAge by 2025.” Ola Electric had said that its factory at Krishnagiri district in Tamil Nadu would have a capacity to produce 1 crore electric two-wheelers annually when fully completed.

On Tuesday Ola Electric had reported sales of 20,000 units in October 2022 on the back of a strong performance during the festive season. It sells electric scooters S1 Pro and S1.

The company had said the purchase window for the new Ola S1 Air would open in February 2023, and deliveries are scheduled to commence from early April next year.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Udupi: Garuda gang war Suspects attempt to assault jail officials

Congress will respond appropriately to ministers pushing for 3 more DCMs in Karnataka: Shivakumar

Animated dolphin wearing lifejacket to create awareness among Kerala fishermen

SC asks Delhi HC to decide former AAP minister Satyendar Kumar Jain’s bail plea in ED case on July 9

Bomb threat on Cochin-London Air India flight; suspect apprehended

Kangana Ranaut’s ‘Emergency’ to release in September

‘Garland of slippers’ slung on woman PDS dealer in Jharkhand for non-distribution of foodgrains

Related Articles More

Bengaluru: Private driving schools eager to hold driving tests and issue certificates

Indian e-two wheelers better than global counterparts, says Ather Energy co-founder

Expired Delhi EV Policy yet to get extension

Demerger of biz to help commercial vehicle business capitalise on opportunities globally: Tata Motors

Passenger vehicle wholesales in slow lane in May due to high base effect, elections

MUST WATCH

Anegudde Sri Vinayaka Temple

bus problem

What are the first signs of a hernia?

Elephantattack

Sapthami Gowda


Latest Additions

Udupi: Garuda gang war Suspects attempt to assault jail officials

Congress will respond appropriately to ministers pushing for 3 more DCMs in Karnataka: Shivakumar

KMF: Milk prices increased by Rs 2 per litre in Karnataka

Heavy rain lashes Arunachal’s Leparada district

Animated dolphin wearing lifejacket to create awareness among Kerala fishermen

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.