Softbank – backed OLA electric to recall 1444 e-scooters

Date:

Softbank-backed Ola Electric said that it will recall 1,441 of its electric scooters, weeks after one of its vehicles caught fire, prompting a government probe into the incident. Scooters involving Indian start-ups Okinawa and PureEV have also been involved in fires, in what some say could be an early setback for a nascent sector that is key to Prime Minister Narendra Modi’s carbon reduction and climate goals.

India launched an investigation into the fires, and formed a committee of experts to make recommendations on remedial steps. Okinawa recalled 3,215 vehicles this month. Ola said that they will be conducting a detailed diagnostics and health check of the scooters in that specific batch and therefore are issuing a voluntary recall of 1,441 vehicles. India wants electric scooters and motorbikes to make up 80% of total two-wheeler sales by 2030, compared with about 2%, and Modi’s administration is offering companies billions of dollars in incentives to make EVs locally.

Ola said that it supported an EV safety policy, and a preliminary assessment of one of its vehicles catching fire revealed the incident was an isolated one, and added that the recalls were a pre-emptive measure.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

General Atlantic’s IPO Plans Revived With JPMorgan as Lead Bank

Investment firm General Atlantic is moving ahead with plans...

Six Banks Settle Mexican Bond Market Manipulation Case for $86.4 Million

Six major banks have agreed to pay $86.4 million...

Senate Delay Puts U.S. Crypto Bill’s Future in Doubt

The prospects for a landmark U.S. cryptocurrency bill have...

Citigroup Names Morgan Stanley Veteran Jean-Baptiste Charlet to Lead French Operations

Citigroup has appointed Jean-Baptiste Charlet, a longtime Morgan Stanley...