Indian ride-hailing firm Ola plans to start producing electric cars in 2024


FILE PHOTO: An employee speaks over his phone as he sits at the front desk inside the office of Ola cab service in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India, April 20, 2016. REUTERS/Anindito Mukherjee

NEW DELHI (Reuters) -Indian ride-hailing firm Ola Electric plans to start producing electric cars in India in 2024 with a range of up to 500 km (310 miles), Chief Executive Bhavish Aggarwal said on Monday.

Ola, which is backed by Japan's Softbank Group and currently makes e-scooters, did not give an investment figure or production target.

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