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Ola Electric wants to disrupt India's car industry. Does it have what it takes?
18 Aug 2022
Multiple new players and incumbent battery manufacturers are entering the EV battery space in India,” Mohit Mittal, partner at Praxis Global Alliance, says. “Localised battery and cell manufacturing are being promoted on a large scale by the Government of India through the PLI (production–linked incentive) scheme for (ACC) advanced cell chemistry manufacturing. Ola Electric has already been granted, along with three other players, the incentive for producing 80 GWh of power locally. Further, Ola Electric can bring down prices through long-term contracts with vendors, bundling of services, in-house manufacturing, and R&D of components such as motor and chassis.

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