New Delhi: Ola CEO Bhavish Aggarwal on Friday said the company is focused on “aggressively building” a global electric two-wheeler business, and will also play across different vehicle segments over the next few years.
The co-founder of the ride-hailing major also noted that India – with its unique skill sets and manpower – can be a bridge for developing paradigms and technologies for both developed and developing nations.
Speaking at a CII event, Aggarwal said there are four broad segments of vehicles, including large commercial vehicles (buses and trucks), western-style four-wheelers, Asian and European style four-wheelers (small city cars), and two and three-wheelers.
“Our ambition is to be the leader in electric mobility for the small vehicles and small city four-wheelers. And unlike Tesla or many of the American companies, which are building for their own audiences, we have to build for our audiences. India is the world’s largest two-wheeler market. Asia is 80-90 per cent of the global two-wheeler market,” he explained.
Aggarwal pointed out that two-wheelers on an aggregate basis create more pollution today than four-wheelers in some geographies, and to solve this, the company is “focused on aggressively building a global (electric) two-wheeler business”.
