With the launch of the S1 Air this month and the announcement of a few more electric two-wheeler models in July, Ola Electric is on a roll. Founder and CEO Bhavish Aggarwal talks to Surajeet Das Gupta in New Delhi on the impact of the partial withdrawal of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME II) subsidy, the pace of conversion from internal combustion engine (ICE) to electric, and the importance of controlling cell technology. Edited excerpts:
The sudden reduction in the FAME 2 subsidy has seriously impacted
sales in June and electric two-wheeler (E2W) companies