Ola CEO Bhavish Aggarwal’s tweets appeared during a search of sites for EV manufacturer sites.
In response to Elon Musk’s latest comments, Ola Electric founder and CEO Bhavish Aggarwal told Tesla’s owner, “Thank you, but no thanks.”
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Elon Musk has previously said that he will not start producing cars in India until the US electric car manufacturer allows it to sell and service for the first time in India. “Tesla will not set up a plant anywhere where cars are not allowed to be sold or serviced,” Musk wrote on Twitter. Tesla’s entry into the Indian car market has been difficult since 2019, as the Modi government refused to accept Musk’s demand for a reduction in import duties. It should be noted that India imposes a 60 percent import duty on electric vehicles costing $ 40,000 or less and a 100 percent duty on electric vehicles costing more than $ 40,000.
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Bhavish Aggarwal is currently looking for sites to build production facilities for battery cells and electric cars. It was reported that Ola Electric needed 1,000 acres of land to install facilities with an investment of Rs 10,000. The company currently has FutureFactory, located on 500 acres in Krishnagiri, Tamil Nadu. It is the largest two-wheeled plant in the world. Bhavish Aggarwal said that the first electric car from Ola will be produced in the next 2-3 years. The electric motor will be produced at the company’s new plant, not the current Futurefactory, which produces two-wheeled electric cars.
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The Indian government is focusing on faster adoption of electric cars and has even created various incentives to attract EV manufacturers as well as car buyers. One of the highlights of these incentives includes FAME II (Rapid Acceptance and Production) of Rs 10,000. [Hybrid and] Electric vehicles in India) scheme. It has also allocated Rs 18,000 crore to stimulate production. It should also be noted that Nitin Gadkari, the Union Minister of Motor Transport and Highways, called on Tesla not to import cars from China. In order for EV to start operating in India, it will only have the advantage if it produces local cars.