Ola's Bhavish Aggarwal Challenges Elon Musk With Ultra-Cheap Electric Cars


Ola's Bhavish Aggarwal Challenges Elon Musk With Ultra-Cheap Electric Cars

Bhavish Aggarwal

Aggarwal's ola c1 costs just rs. 4.6 lakhs (around $7,000), making it one of the cheapest electric cars on the market.

The cost of petrol and diesel in Delhi is Rs 96.72 and Rs 89.62 per liter respectively. In Mumbai, petrol is priced at Rs 106.31, and diesel at Rs 94.27 a liter. Petrol and diesel cost Rs 102.63 and Rs 94.24 respectively in Chennai and Rs 106.03 and Rs 92.76 in Kolkata.

Bhavish Aggarwal reportedly earns an estimated Rs 150 crore per month. Bhavish Aggarwal's net worth not only depends on his own company's profits, he also acquired Food Panda by transferring his OLA stake to Foodpanda Corporation.

Late last year, Mr. Aggarwal suspended a tentative public funding program for ANI Applied Sciences, which was ultimately estimated at $7.5 billion, as internal challenges increased and the global local funding environment cooled, according to researcher CB Insights. Now, as questions about Ola Electric hang in the air, several current and former executives have said in interviews that the company and its venture founder are at a crossroads: Aggarwal could be India's answer to Elon Musk, or he could be will crumble under his weight. Personally impressive imagination and forward thinking.

The car has a range of 350 kilometers (217 miles), and can reach a top speed of 120 km/h (75 mph).

The Pulsar and Platina motorcycle maker sold nearly 1.2 million vehicles in the quarter, up 23% from the previous quarter and up 1% year over year. Domestic sales nearly doubled quarter-on-quarter (QoQ) to more than 6,94,000 units. Exports fell 21% MoM to 5,81,000 units as the global economy faced headwinds.

Wipro said bookings for its block deals grew 42% year-on-year in the first half of 2023. As of 12:06, the stock traded down 0.19% to Rs 376.6 per share from its previous trading price of Rs 377.30 per share. The stock is down nearly 30% in the past six months and is down 48% so far this year.

"ICICI Bank is our top pick when we think credit growth is very strong and retail credit and investment recovery is also reflected in corporate credit growth. We expect ICICI Bank to have a ROA close to 2% and an ROE close to 17% over the next two years."

Bhavish Aggarwal, co-founder, and CEO of ola, has unveiled a new electric car that is cheaper and more efficient than any other on the market.

Instead of using a dealer model, Ola Electric uses social media to reach buyers, a tactic the automaker has never tried before. Ola Electric's manufacturing process uses innovative techniques including ultrasonic friction welding to create hundreds of connections between the cells in each battery pack. During factory tours, Mr. Agarwal enjoys showing off silent assembly lines and robots painting scooters.

Co-founder of Ola Bhavish Aggarwal said the company's new electronics venture is full of passion and emotion. His Ola Electric could be India's answer to Elon Musk's Tesla. However, the Ola will be a cheaper and more affordable rival to the billionaire's luxury car.

But following supply chain disruptions and maintenance issues, Mr Aggarwal said production at the Futurefactory was now ramping up. He highlighted Ola Electric's unique strengths, including end-to-end offerings in ride-sharing, auto sales financing and auto insurance. At its electric vehicle launch event in mid-August, Ola Electric billed itself as "India's largest" electric vehicle company, making the "best in the world" electric scooters.

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