Hyundai To Become Ola Cabs’ Electric Cars Supplier By 2021

Hyundai Motors is planning on bringing its lineup of electric vehicles to India soon. The first one expected to be launch this August is Hyundai Kona. But if it is according to a new report, the company might not only focus on the personal vehicle segment.

Recent reports suggest that the Korean car manufacturer also has plans to supply electric cars to Indian ride-sharing company Ola Cabs for its taxi fleet by 2021. The EVs will be made specifically for Ola and developed under the “Smart EV” platform of Hyundai. The service of Ola Cabs also comes with a mobile app for car booking.

The reports emerge after Hyundai Motors, along with Kia Motors – its affiliate, invested in Ola. The funding worth $300 million was to form a strategic partnership between the three firms to develop specific electric vehicles for the Indian market and build the corresponding infrastructure as well.

Back in March, Hyundai Motor Group’s executive vice chairman, Euisun Chung, had said that:

This partnership will certainly open new doors for Hyundai to have a carsharing fleet of its own. The three firms will work together to manage to said fleet vehicles.

Even before receiving the massive investment, Ola had already confirmed that by 2022, the firm will add to its country-wide fleet 1 million electric vehicles which will include three and four-wheelers.

Back in 2018, Ola Cabs even kicked off its electric vehicles operations in Nagpur but had to stop due to some operational deficiencies.