Ola Electric signs PLI agreement for EV battery cell manufacturing in India

Ola Electric CEO hints at large-scale indigenous EV battery cell manufacturing in India.
By : HT Auto Desk
| Updated on: 28 Jul 2022, 19:43 PM
Ola Electric's lithium-ion battery cell.
Ola Electric's lithium-ion battery cell.
Ola Electric's lithium-ion battery cell.
Ola Electric's lithium-ion battery cell.

Ola Electric on Thursday signed a PLI (Production Linked Incentive) agreement with the Ministry of Heavy Industries (MHI) for indigenous EV battery cell manufacturing in India. Besides informing this, Ola Electric CEO Bhavish Aggarwal said that India would soon become self-reliant on EV battery cell technology as the technology will be built and manufactured locally.

(Also Read: MG Motor India confirms upcoming EV, to be priced from around 12 lakh onwards)

The Ola Electric boss also said that the ride-hailing service provider turned electric scooter manufacturer company is now an even more vertically integrated mobility company across products, services and now core technologies. “Signed our PLI agreement with MHI for indigenous cell manufacturing. India will soon be self reliant on cell technology as we build tech & manufacture locally. We’re now an even more vertically integrated mobility company across products, services and now core technologies," he wrote in his tweet.

Similar Bikes

Find More Bikes
Ola Electric S1 (HT Auto photo)
Ola Electric S1
 
₹0.85 - 1.1 Lakhs**Ex-showroom price
Aprilia Storm 125 (HT Auto photo)
Aprilia Storm 125
124.45 cc
₹85,169 - 97,249 *Ex-showroom price
Bajaj Pulsar 150 (HT Auto photo)
Bajaj Pulsar 150
149.5 cc
₹85,408 - 1.13 *Ex-showroom price
Super Eco Super Eco S 2 (HT Auto photo)
Super Eco Super Eco S 2
₹85,500 - 1.05 *Ex-showroom price
Suzuki Avenis (HT Auto photo)
Suzuki Avenis
124.3 | Petrol | Automatic
₹0.86 - 0.87 Lakhs**Ex-showroom price
Nds Eco Motors Nds Eco Lio (HT Auto photo)
Nds Eco Motors Nds Eco Lio
₹88,166 *Ex-showroom price

After getting success in the ride-hailing segment, Ola ventured into the electric vehicle manufacturing business through its wing Ola Electric. The first Ola Electric scooter, S1 and S1 Pro received a pretty good response. However, they ran into controversies as well. Ola's electric scooter caught fire and several other issues too were reported with the Ola S1 from across the country. Ola Electric has meanwhile teased its electric car, which would be the second EV from the brand. Ola aims to revolutionize the Indian electric car segment with its upcoming electric car, as the automaker has stated.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

Besides manufacturing vehicles, Ola Electric is also aiming to locally manufacture EV batteries. Indian Ev companies currently import battery cells from China. Ola aims to build the battery cells locally in India. The automaker already revealed its battery cell a few weeks back.

First Published Date: 28 Jul 2022, 19:17 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city