The Co-Founder & CEO of Ola Cabs was speaking at the second edition of ABP Network’s ‘Ideas of India’ summit
Mumbai, 25 February 2023: The automotive industry is one of the toughest industries, it is the cornerstone of industrial society, said Bhavish Agarwal, Co-Founder and CEO, Ola Cabs. Speaking at ABP Network’s second edition of the ‘Ideas of India’ summit on the topic, ‘Come Ride With Me – How I Made It’, he said “This is India’s moment in the sun. It is our mission to lay down advanced technology for future technology generations”.
He explained about the three businesses under the Ola Group, with Ride Sharing and consumer business as the highest contributor to the company’s revenue. “We are the #1 cab servicing company in India,” he said. “It is a highly profitable business which is why I was planning on announcing an IPO, but because the markets went down, we are planning to do it next year now,” he added. The second business, Ola Electric, has grown with the launch of their electric 2-wheeler scooter. “We need to humanize the EV revolution in India and design products suitable for the Indian market,” he said. Further adding to this, he said, “We are the #1 EV company is India and have surpassed the total of the next two companies. Also, we will be launching our electric bike this year and our electric car by the end of next year.” He further emphasized, “Our car will be the best in the world.”
Further elaborating on his business ventures, he said, “Through Lithium, our third business, we will use lithium and cell technology to create leverage for India.” Defining his goals, he added, “We will be the largest lithium producer in India.” Emphasizing on the adoption of AI, he said, “New types of jobs will get created because of AI and productivity will increase for the whole economy and that has to be the journey.”
The Co-Founder and CEO of Ola Cabs discussed other challenges taken up by the company, such as it set-up an all-women’s factory employing 3000 young women. “The factory that we are building, we have built Phase 1 which we constructed in record time in less than 8 months,” he said.
The summit promises an invigorating line-up of speakers with prominent figures from the world of business, politics, artists from the Hindi Film Industry, authors and other eminent sectors. The two-day conference confluences diverse ideas from various industries to promote India in becoming a burgeoning leader in the world.
Gurugram, India – October 11, 2023: Samsung announced exciting offers
Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G
Bengaluru, October 10, 2023 IN-SPACe (Indian National Space Promotion and
New Delhi, October 3, India- Philips India announces an exciting co
One of the largest CPG Pitch Slams in India, offering participants a chance to win one year of free access to NIQ data, valued at $30,000!<
 (1)_1713611592.jpg)
Through this exciting initiative, the brand aims to emerge as the go-to purveyor of authentic Chinese in India
New D
Business / 29-04-2024
CSMIA's cargo operations thrive in FY 2024, driven by 10% rise in international volumesEducation / 29-04-2024
“69% Female Representation in MBA Analytics, Underscores the Evolving Landscape of Education – Sandeep Singh, Chairman BoG – IIM Kashipur”Business / 29-04-2024
NIQ Announces Inaugural ‘NIQ Founders Pitch Slam’ Competition for Emerging CPG Brands in Indiaeducation / 29-04-2024
IIT Kanpur is inviting applications for the 4th batch of eMasters degree program in Data Science and Business AnalyticsKerala / 29-04-2024
CII Digital Saksham Transforms Kerala's Entrepreneurial Landscape: Empowering Micro-Businesses for a Digital FuturePelikken © Copyright 2022, All Rights Reserved
