New Delhi: Ola Electrical has quickly halted manufacturing at its Futurefactory in Pochampalli, Tamil Nadu, as a consequence of scheduled capability growth and tools upgradation work, based on individuals conscious of the matter. The corporate has circulated a observe amongst all staff stating that every one outlets will stay non-operational from 24 August 2023 to August 28 and manufacturing work will resume in all three shifts from 29 August 2023 from 6 am IST. In accordance with the round, manufacturing unit admin, safety and HR groups will proceed to be operational throughout the stated interval. The corporate beforehand halted manufacturing on July 21, 2022 citing upkeep and set up of latest machines as the explanation. In accordance with a report by ET, stock pile-up was the primary trigger for stopping work. Ola Electrical had about 4000 models of scooters piled up on the Futurefactory.
On August 15, 2023, Ola Electrical launched its newest and entry-level providing referred to as the S1 X in three variants at a beginning worth of INR 89,999 for probably the most reasonably priced 2kWh variant. The mid-spec variant will get a bigger 3kWh battery at a price of INR 99,999. High of the road S1 X+ trim is priced at INR 1,09,999 and will get further connectivity options. The corporate additionally revealed 4 idea electrical bikes referred to as Diamondhead, Journey, Cruiser and Roadster on the identical day and commenced pre-reservations for a similar. The launch is predicted to happen by the tip of 2024.
Whereas addressing a handful of journalists on the identical day, Ola Electrical CEO Bhavish Aggarwal stated, “We’re engaged on mid-level and entry-level motorbikes. We’re within the strategy of ramping up our capability. Now we have a powerful stability sheet to fund this. Now we have inside accruals additionally from our current merchandise, that are worthwhile.”
As of August 24, 2023, the corporate has begun deliveries of the brand new S1 Air that was launched earlier this 12 months. The electrical scooter has reportedly acquired over 50,000 bookings up to now.