Dhavish Aggarwal, 37, the aggressive, straight-talking Co-founder & CEO of Ola, is currently a man on a mission: to make India a global leader in electric mobility. Two of his companies-ride-hailing venture Ola and electric mobility company Ola Electric-are in the midst of rapid scaling up. But EV two-wheeler market leader Ola Electric, with a range of scooters, an upcoming motorcycle range and plans for a car launch by next year, is where the bulk of the action is. In a freewheeling conversation with Business Today's Sourav Majumdar, Aggarwal talks about his vision for the EV sector, his plans for the ride-hailing venture, and more.
Edited excerpts:
Q: Bhavish, to start off, give us an overview of where Ola stands at this point.
A: I am very optimistic about India in general and about technology and, obviously, about our company. Let me share a bit with you about how Ola is growing. [The] Ola group is now three companies. Ola, which is my consumer company, where ride-hailing was my main business, is profitable and is growing well. You will see us do a few very interesting AI applications in Ola. And I will talk about that more as the conversation progresses. We are the No. 1 firm by ride-hailing market share.
Q: What is the current market share?
A: There are different numbers, but 60 per cent is more or less the media- and third-party number.
Q: What is the status of your IPO plans for Ola?
This story is from the April 02, 2023 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 02, 2023 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky
