Anand Mahindra heaps praise on Ola Electric after strong booking response

Anand Mahindra, chairman of Mahindra Group, on Sunday praised the ‘courage and risk-taking’ attitude of Ola electric is about it begin its sales operation.

Ola Electric this week commenced the pre-booking for its upcoming e-scooters at Rs 499. The company received 1 lakh bookings in 24 bookings in 24 hours, it announced.

Congratulating Ola Electric head Bhavish Aggarwal, Mahindra said on Twitter. “No matter how this scooter ultimately fares, it is exciting to see courage & taking being rewarded. The more entrepreneurs that follow the lead of @bhash & show no fear of failure, the more robust Indian innovation will become…”

Ola Electric hasn’t revealed technical specifications of its scooters but they expected to offer features like an app-based start-up system, a large TFT display showcasing information like calls and SMS alerts, navigation, ride statics, and others.

Pre-launch bookings have commenced and the Ola Electric scooter is expected to be rolled out by the end of July or August. It will rival the likes of the Bajaj Chetak, Ather 450X, and TVS iQube Electric.

The Ola electric scooter would be manufactured at the 500 acre facility in Tamil Nadu. The facility is targeted to produce 10 million units per annum.