Ola, a major cab-hailing company in India, may introduce a fleet of one million electric cars, SoftBank Group chairman Masayoshi Son revealed.
Ola cabs might be partnering with the Indian government and an electric car maker to introduce around a million electric cars, as the chairman of SoftBank Masayoshi Son said. SoftBank is an investor in Ola, India’s largest contender to global cab-hailing company Uber that operates within the country.
Bullish on the electric vehicle sector in India, Son insisted that he was exploring investment opportunities in this space. The vehicles will be locally manufactured, in line with the government’s ‘Make in India’ campaign, he added.
Son, who met Indian Prime Minister Narendra Modi on December 2, sought to partner with the government for the initiative. He hopes to see the target of one million electric cars met in the next five years, helping in reduction of petrol and diesel use of its car to tackle pollution.
However, Son mentioned that the specifics are yet to be decided, and the project is still in a nascent stage.
By Baishakhi Dutta
