Ola Electric set to launch autonomous car in about 2 years
"Ola Electric began testing an autonomous vehicle nearly six months ago and will launch it in global markets by late 2023 or early 2024," Ola CEO said
Betting big on autonomous mobility, Ola Founder and CEO Bhavish Aggarwal said on Saturday that Ola Electric has started testing an autonomous vehicle which it will launch in the global market in about two years` time.
Speaking to reporters at Ola FutureFactory in Krishnagiri district in Tamil Nadu, Aggarwal said that Ola will look forward to launching a car with indigenously-developed autonomous technology that will be a mass-level vehicle.
See Zee Business Live TV Streaming Below:
"Ola Electric began testing an autonomous vehicle nearly six months ago and will launch it in global markets by late 2023 or early 2024," he said.
According to him, Ola Electric will aim to launch a car for around Rs 10 lakh so that more people can afford it.
At its 500-acre electric two-wheeler manufacturing facility at Pochampalli town in Tamil Nadu, the company also showcased a self-driving cart that uses LiDAR, short for light detection and ranging technology, which will be exported to other countries. The cart can be used in hospitals, malls, offices and public places.
Aggarwal added that Ola Electric is also planning to launch a lower-priced Ola S1 scooter later this year.
He had earlier said that the company may recall a few batches of electric scooters if they are found faulty.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
11:04 AM IST