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

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

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

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

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

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."

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

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

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

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.