Cab-hailing company Ola has set up a subsidiary for its electric car segment, reports Hindu Business Line . In March, CEO Bhavish Aggarwal said that the company will debut these cars in several Indian cities and start scaling up its operations. SoftBank Group chairman Masayoshi Son said that Ola may add up to 1 million electric cars on the road. Note that Ola also has a strategic tie-up with Mahindra & Mahindra, which manufactures electric cars in India.
So far Ola has been making the right noises for the electric car segment. But here are a few things that the company has to consider for electric cars.
1. Range and charging stations
Electric cars have limited range and right now there isn’t a proper ecosystem for charging stations in the country. The Tesla Model S has a range of around 335 km with a 60 kWh battery meanwhile the Nissan’s Leaf electric car has a range of 172 km with a 30 kWh battery. In India, Mahindra’s e2o car has a range of 120 km and the car takes about five hours for a charge on normal mode.
Charging times for these cars will be crucial operations and right now India […]