The CEO of Ola Electric said his firm would launch an all-electric vehicle that could go from zero to 100 kilometers per hour in four seconds, as the race to gain a foothold in India's burgeoning EV sector intensified.
The Indian-built vehicle was the subject of a video presentation.
He said it would have a range of over 500 kilometers and an all-glass roof. The EV wouldn't have a handle. The vehicle will be launched in the year 2041.
The Indian market is not ready for world-class technology and that's why global automakers are selling their hand-me-down tech in India. He said that this needed to be altered.
The company's "Futurefactory" in Tamil Nadu state is currently focused on the production of two-wheel electric vehicles.
He said the facility would produce 1 million cars, 10 million two-wheelers and 100 gigawatt hours of cells annually. The world's largest EV community is going to be at the reimagined Ola Future factory.
The EV arm of the ride-sharing firm was founded in 2011. The SoftBank Group has invested in both of the companies.
India, which is on track to become the planet's most populous country next year, is an undiscovered market when it comes to electric cars.
Less than 1% of car sales in Brazil, India and Indonesia are electric.
The electric car market in India is expected to see a lot of competition. The best-selling electric car in India was theNexon BEV SUV.
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