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Ola Electric to produce electric cars in India in 2024

NEW DELHI, Aug 15 (Reuters) - Softbank Group-backed (9984.T) Ola Electric will produce electric cars in India in 2024 with a range of up to 500 km (310 miles), Chief Executive Bhavish Aggarwal said on Monday. "This is the most ambitious car project ever undertaken in India," Aggarwal said while announcing the plans at a virtual event coinciding with India's Independence Day. (Reporting by Manoj Kumar Editing by David Goodman) ((manoj.kumar@thomsonreuters.com; +91(11) 49548029;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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