Electric vehicle manufacturer Ola temporarily halts automobile production plans, as per recent media reports.
In a surprising turn of events, Ola Electric, the Indian electric mobility company, has suspended its plans to launch its first car. The news comes from people privy to the information and the company has yet to comment on the matter.
The electric car, named the Ola S1, was expected to be launched in 2024. It was claimed to have a range of more than 500 km on a full charge, a 0-100 kmph time of under 4 seconds, and a drag coefficient of 0.21 Cd. However, the specific reasons for the suspension of the electric car launch have not been provided.
Despite the suspension, the exact timeline for the resumption or cancellation of the electric car project is not specified. The status of the electric car project remains uncertain, with no official statement made by Ola Electric regarding the future of the project.
The company, founded by Bhavish Aggarwal in 2022, had initially announced its electric car business. It appears that Ola Electric has decided to delay the launch of its all-electric car model and is instead focusing on its two-wheeler business. The specific reasons for the focus shift from cars to two-wheelers are not provided.
The website of the source has reached out to Ola Electric for a comment on the matter. The story will be updated once a response is received from the company. The exact timeline for the update of the story is not specified.
Stay tuned for more updates on this developing story.
