Bhavish Aggarwal against the sale of petrol 2-wheelers after 2025
SoftBank-backed Ola Electric took the wraps off its maiden e-scooter offerings -- Ola S1 and S1 Pro -- for a commercial launch on Sunday. With prices starting from Rs 99,999 (excluding state government incentives, registration fee, and insurance cost), the Bhavesh Aggarwal-founded firm said the e-scooters are designed and engineered in India for the world and will deliver the best scooter experience to the consumer. He suggested that after 2025, the sale of petrol-powered two-wheelers should not be allowed.
“It will be the best scooter ever made, not just the best electric scooter,” said Aggarwal, chairman, and group CEO, Ola, during a roundtable at the Ola Electric campus in Bengaluru. “We have to make technology which is the best in the world and that's what we're doing. We've been saying we'll build our own technology. We built our own technology. All of this has been done by Indian teams based here in this office, and it's world-leading.”
With pricing that undercuts competition-- internal combustion engine (ICE) powered scooters and e-scooters and a promise of delivering an e-scooter that claims superiority over rivals, Aggarwal gave a clarion call to “reject petrol and commit to electrification”.
According to him, the scale of pollution by the traditional automotive industry is very high and electrification is the only sustainable solution. He said electric vehicles are much more efficient and sustainable than gasoline vehicles. In terms of the total cost of ownership (TCO), Aggarwal said the vehicle will be 40 percent lower than the petrol vehicle in a 4-5 year cycle.
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