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BUSINESS EYE DECEMBER 27, 2024 | The Indian Eye 34

Ola Electric to expand to 4,000 stores this

Christmas as Govt focuses on green vehicles

The Green Bharat conclave concludes with the aim to shape the narrative for India’s

transition to sustainable mobility by addressing the economic, environmental, and societal

benefits of EVs, while tackling the key challenges hindering their adoption

OUR BUREAU

New Delhi
n a major boost to the green energy market,
Ola Electric Mobility announced on Thursday
Ithat it will expand its stores to 4,000 locations
on December 25, coinciding with Christmas Day.
In a statement the company said, Ola Electric is set
to expand its sales and service network to 4000 on
December 25th, marking one of the fastest rollouts
of EV distribution globally. With 3200+ new stores
complementing its existing footprint, Ola Electric
is bringing its portfolio of affordable, high-quality
EVs closer to consumers across metros, Tier-2, and
Tier-3 towns.
“Every town, every city, every tehsil or taluka,
there will be an Ola Electric store and an Ola Elec-
tric service centre, so that every single Indian can
buy an EV for his or her future,” the company’s
founder Bhavish Aggarwal said in a video message.
The expanded network of stores and service
centres will help the company tide over its custom-
er servicing problems. “With EVs, you will save Rs
4,000 per month. Your savings will increase, and
you’ll save money, with this savings wala scooter,”
Aggarwal said.
Ola shares are about 40 per cent lower than
their all-time high and 30 per cent higher than their
all-time low. It closed at 95.15 per share today. This year, Ola Electric unveiled three models of electric bikes - Roadster Pro, Roadster and Roadster X (ANI Photo/Ranjeet Singh)

On Independence Day this year, Ola Elec- This landmark event brought together poli- self-reliance and establish itself as a global man-
ufacturing hub. As one of the world’s largest first-
tric, which was then in the news cycle for cymakers, manufacturers, industry pioneers, and time vehicle markets, India holds a unique oppor-
sustainability advocates to chart a unified roadmap
its much-awaited IPO, unveiled three mod- for the future of electric mobility in India. Distin- tunity to lead the EV transition. The government
els of electric bikes - Roadster Pro, Road- guished guests, including Nitin Gadkari, Union is committed to fostering innovation, building ro-
Minister of Road Transport & Highways, and Pi-
bust infrastructure, and ensuring sustainability is at
ster, and Roadster X. It had also indicated yush Goyal, Union Minister of Commerce & In- the core of every policy decision. Through Mission
the integration of Ola’s own batteries in its dustry, graced the conclave as Guests of Honour. LiFE and a collective focus on green energy, we
Speaking at the event, Nitin Gadkari empha-
are driving towards a cleaner, greener, and more
vehicles starting the first quarter of the sised, “Over the years, we have achieved incred- self-reliant future.”
next financial year. ible progress in the green mobility segment. Our Green Bharat is a transformative platform
Honourable Prime Minister Narendra Modi’s that fosters dialogue, collaboration, and innova-
ambitious vision for India’s sustainable future has tion within the Indian EV ecosystem. Through
Incorporated in 2017, it delivered Ola’s first set us on the right path, and the sky is truly the multi-stakeholder discussions, it seeks to promote
electric vehicle scooter, the Ola S1 Pro, in Decem- limit. With the current ecosystem of knowledge actionable solutions and policy advocacy that will
ber 2021 and wealth, coupled with an increasing number help position India as a global EV hub.
Meanwhile, the inaugural edition of Green of young minds driving research and innovation, I The conclave also comprehensively analysed
Bharat, an annual conclave in collaboration with am confident that India will become the largest EV India’s EV landscape, exploring technological ad-
Ola Electric, concluded with the aim to shape the manufacturing hub within the next five years.” vancements, economic opportunities, and environ-
narrative for India’s transition to sustainable mo- Piyush Goyal echoed this sentiment, stating, mental imperatives. By addressing the challenges
bility by addressing the economic, environmental, “India’s green mobility revolution is well underway, and identifying strategies to overcome them, Green
and societal benefits of EVs, while tackling the key driven by transformative initiatives like FAME I Bharat aims to inspire collective action toward a
challenges hindering their widespread adoption. and II, empowering the EV industry to achieve greener, more sustainable future for the nation.

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