Ola Electric said on Thursday that it intends to enter the international markets starting with Nepal. The company has signed a protocol of agreement with CG Motors in Nepal, partnering them as local distributors for its Ola S1 scooters (S1 & S1 Pro).
The scooters will be available in Nepal starting next quarter, according to the Bengaluru-based electric two-wheeler manufacturer.
In the second phase, the company intends to enter Latin America, ASEAN, and European Union, increasing the company''s presence in up to five international markets.
"Our international expansion does not only mean that we will as a company be able to serve customers in these similar areas, but it is also evident that India will lead the worldwide EV revolution," said Ola''s CEO and CEO.
India will have to be the epicenter of technological transformation, according to the narrator.
Ola has recently unveiled an electric four-wheeler project. Earlier this week, Reuters reported that it would eliminate about 200 engineering jobs to reduce redundancy among its two main sectors of ride-hailing and electric vehicle manufacturing. The company said it is primarily focused on being a "vertically integrated mobility company" and is centralizing its operations to build a structure to reinforce appropriate roles and functions.
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According to a study, Ola intends to increase its engineering workforce to 5,000 in the next 18 months, which is up from around 2,000 currently, as part of a "influx of recruiting" for roles in vehicle engineering, procurement, product management, and data science.