Ola sells electric scooters worth Rs. 1,100 crore in 2 days

Ola Electric, the ride-hailing firm’s electric vehicle arm, said that it sold e-scooters worth over Rs 1,100 crore in just two days, during its sale of Ola S1 and S1 Pro scooters. The Soft Bank-backed company said this was unprecedented not just in the automotive industry, but also represented one of the highest sales in a day (by value) for a single product in Indian e-commerce history.

“Day 2 of the EV era was even better than Day 1. Crossed Rs 1,100 crore in sales in 2 days,” tweeted Bhavesh Aggarwal, co-chairman and group chief executive officer, Ola.

Ola had announced in December 2020 that it would be investing Rs 2,400 crore for setting up phase 1 of the factory. The Ola Futurefactory is coming up on a 500-acre site in Tamil Nadu. At full capacity of 10 million vehicles annually, it would be the world’s largest two-wheeler factory and would handle 15 per cent of the world capacity.