Ola may soon step into electric scooter manufacturing
By MYBRANDBOOK
The Indian online ridesharing company, Ola is planning to step into electric scooter manufacturing. The company is in discussion with multiple state governments for 100 acres of unencumbered land where the world’s largest e-scooter facility will be set up.
Ola’s India manufacturing plan follows its recent purchase of Netherlands-based Etergo, owner of the App Scooter electric brand. As per news source, its senior management is in discussions with four Indian states -three from the southern region and one from the western belt - to build an electric scooter plant with the capacity of 2-million.
The Centre as well as the states have been offering incentives to companies in the electric vehicle ecosystem and to customers (who can claim an income tax rebate of up to Rs 1.5 lakh on interest paid on an electric vehicle loan) to reduce the country’s dependence on oil and to cut down on pollution.
Inspite of the facilities provided by both Centre and states, the segment has been stymied by lack of investments in production (including battery pack manufacturing) and infrastructure, such as charging stations. Just 7,552 electric scooters were sold in the world’s second-most populous nation between April and September compared to 1.3 million conventional scooters sold in the same period.
Companies are hopeful that the scenario will improve amid shifting customer tastes and the government increasingly promoting clean automotive technology. Ola is very keen to finalize the manufacturing site as it aims to start production in 18 months, an aggressive timetable for a vehicle plant. The manufacturing site will embrace Industry 4.0, will run on solar power and will have test tracks, said the sources.
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