Ola Electric on Monday said it will jump into the electric car segment by 2024.

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One year ago, The company, which struggled with deliveries for its electric scooters after it announced entry into the segment.

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The company has set an ambitious target of selling a million electric cars by 2026-2027.

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Founder & CEO Bhavish Aggarwal said Ola Electric aims to provide a range of electric two-wheelers to electric cars.

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The price range set by him is in the range of ₹1 lakh to ₹50 lakh.

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In a conference, the CEO said "We definitely have a full roadmap in the works in the car space... We will definitely have cars at the entry price market."

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"We're starting with a premium car and that comes out in 18 to 24 months," he added.

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However, he didn't elaborate how many electric car models the company would have by 2026-27.

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The CEO said Ola Electric has also been trying to have a full-fledged electric vehicle ecosystem at a single destination.

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The car will have a range of more than 500 kilometers per charge & it will have the capacity to accelerate from 0-100 kmph in 4 seconds.

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