Ola Electric has announced that it has sold Rs 1,100 crore in 2 days

 – EV Updates 2022

Ola Electric has announced that it has sold Rs 1,100 crore in 2 days – EV Updates 2022

Ola Electric has announced that it has sold Rs 1,100 crore in 2 days

– EV Updates 2022

Ola CEO Pavish Agarwal said that this is not only for the automobile sector but also one of the highest single day sales for a product in the history of e-commerce in India.

On August 15, the company launched its Ola S1 electric scooter in two variants, the S1 and S1 Pro, priced at Rs. 99,999 and Rs. Priced at 1,29,999 (excluding FAME II grant and state grants ex-showroom).

Ola Electric opened bookings for its electric scooters at Rs 499 in July and received over 1 lakh orders in just 24 hours. On the first day of sale of Ola electric scooters four scooters are on sale every second.
Bhavesh Agarwal of Ola Electric politely said that the enthusiasm shown by the customers for the products was overwhelming. He added, “The last 2 days have been exciting and humble at the same time. We have sold over Rs. We live in a digital India “.
Disgusting
The purchase window is now closed and bookings will remain open on the Ola Electric website. The purchase window is expected to reopen on November 1, 2021 for Deepavali. Delivery will begin in October 2021. Buyers will be notified of estimated temporary delivery dates within 72 hours of purchase.

Ola is setting up a 500-acre manufacturing plant in Tamil Nadu with an investment of Rs 2,400 crore. The company had initially said that it would start with a production capacity of 10 lakhs per annum and in the first phase it would be increased to 20 lakhs as per the market demand. Ola Electric has said that when its plant is completed, it will have a capacity of one crore units per year, which is 15 per cent of the world’s two-wheeler production.

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Ola bookings – if taken in cash – come to Rs 200 crore. We know that only 1 lakh has been booked, so I take it that Pavish mentions the value of the scooters booked. The assumption is that everyone who has booked has already paid. Um – hard to digest. I know of one of my friends who was canceled last week. Reservations may have been made for European customers as well! This is even more evident in the euros. Perhaps Pavish should focus more on Europe.

One thing that worries me: the scooter was sold without a test ride. How to evaluate ergonomics, performance, real life limit and after sales service by looking at numbers? In terms of range – I would love to see what the S1 Pro really offers on the road. Claim 180 km. That is what must be set apart from the rest of the world. I still want to wait and see. On its face it looks like Ola is already wearing the Ms Universe contest. But we have to remember that the Nano has received 1 lakh bookings – but it still turned out to be a failure.

Delivery times in October too – not yet seen. The first January I saw. But hey, it’s not even that bad. A few pinches of salt should be taken with Pavish’s statements. You do not really need a very large factory to manufacture EVs. It’s mostly assembly lines. Even if you have to build motors and battery packs at home, the space is very limited compared to the engine lines required for IC machines. It takes a lot of advertising to sell an IPO. All the best to Ola for that!

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Ola Electric has announced that it has sold Rs 1,100 crore in 2 days

- EV Updates 2022

#Ola #Electric #announced #sold #crore #days

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