secretstalks
Bhavish Aggarwal, the CEO of Ola Electric, highlighted the company’s rapid and aggressive scaling, noting that electric vehicles (EVs) represent the most significant shift in the automotive industry in a century. During the press conference for the company’s initial public offering (IPO), Aggarwal emphasized Ola Electric’s mission to establish India as a global hub for EVs.
Aggarwal’s remarks reflect a focus not just on market share, but on inspiring consumer imagination with their new Roadster launch. He discussed the company’s consistent growth trajectory and large potential in the EV sector, pointing out that even established players are entering the market.
Ola Electric’s business strategy is built on three main pillars: in-house research and development (R&D), a robust manufacturing and supply chain, and a direct-to-consumer (D2C) omnichannel distribution model. As of the first quarter of FY25, the company has launched seven products, announced four more, and holds a 39 percent market share in India’s EV market.
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