Ola Electric said on Thursday that it intends to enter the international markets starting with Nepal. CG Motors in Nepal has signed a memorandum of agreement by partnering them with local distributors for its Ola S1 scooters (S1 & S1 Pro).
The scooters will be available in Nepal starting next quarter, according to a Bengaluru-based electric two-wheeler manufacturer.
The company intends to enter Latin America, the ASEAN, and the European Union in the second phase, increasing its capacity in five international markets.
"Our international expansion emphasizes that we will as a company be capable of serving customers in these similar zones, but also the fact that India will lead the world''s EV revolution," says Ola''s founder and CEO Jayavan Aggarwal.
India will have to be the epicenter of change, according to a source. To reach the next level, the electric vehicle revolution will take to the next level.
Ola has recently announced a four-wheeler program. Earlier this week, Reuters said it would eliminate about 200 engineering positions in its two main sectors, ride-hailing and electric vehicle manufacturing. The company said it is focused on being a "vertically integrated mobility company" and is centralising its operations to strengthen appropriate roles and functions.
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According to a survey, Ola intends to increase its engineering workforce to 5,000 in the next 18 months, compared to around 2,000 previously.