According to Ola CFO Arun Kumar, the EV firm is prepared to release its first electric vehicle in the second half of 2024.
With the planned electric automobile, Ola Electric hopes to expand into new market sectors after already securing a sizeable portion of the Indian electric two-wheeler industry.
According to Ola, the vehicle would make use of technologies created based on research from electric scooter firms.
Ola has often hinted at the design of the vehicle online, claiming that it wants its electric vehicle to compete with rivals like Tesla.
In an effort to maintain a competitive price, the future ola electric car could be disguised as a hatchback.
Expect the vehicle to have a range of more than 200 kilometres.