Ola Electric acquires Etergo

Ola Electric Mobility, instituted in 2017 as a subsidiary of Ola Cabs, has announced its acquisition of Amsterdam based electric scooter EVM – Etergo. Ola electric aims to be a full-fledged EV manufacturer, differing from Ola Cab services. It aims to pioneer and revolutionize premium EV two wheeler segment in India. Ola Electric will be leveraging Etergo’s design and engineering capabilities to build its first smart electric two wheeler, which is expected to be launched in 2021 aiming both global and local markets. Etergo has extensive experience in working with giants like Tesla, GM, Ferrari, Jaguar and BMW.

Since the works are still in the initial stages, we couldn’t get a number at which the EV is expected to be launched. But pinging on the segment of Premium EVs, one can expect it to be priced higher than the most premium e-scooter currently available in the Indian market – the Ather 450x, but still it is a little too early to tell.

Ola Electric is also in talks with energy companies, battery manufacturers and vehicle manufacturers on “swappable batteries” technology, and also to build and promote a green mobility ecosystem.



Bhavish Aggarwal, Founder & Chairman, Ola Electric said, “The future of mobility is electric, and the post COVID world presents an opportunity for us to accelerate the adoption of electric mobility globally. Every year, almost twice the number of two-wheelers are sold across the world compared to cars.” He further added, “With electric, digitally connected capabilities, two-wheelers will further emerge as the most preferred urban mobility paradigm around the world and empower every consumer. We look forward to building the best global capabilities in engineering, design, and manufacturing for these products to be made here in India.”

Commenting on the development, Bart Jacobsz Rosier, Co-founder & CEO, Etergo BV said, “Ola is one of the world’s most admired mobility companies and has led the way for many innovations in the space, including its bold ambition for electric mobility. We are looking forward to joining Ola Electric and together, reimagining electric mobility to transform the way the world moves!”

(The article is written by Karthick. He is an auto enthusiast, and an engineer by profession, currently employed in an auto MNC at Chennai; has a craving on new tech and a particular interest on the Indian automotive market.)

Maruti and VW plan Car-Leasing services in India

As the days ahead are unsure for most car makers, OEMs are delving into new methods to boost demand and increase their sales. They are leaving no stone unturned to up consumer sentiments while also making sure not to dig deeper into their pockets. In line with this, Maruti Suzuki has reportedly planned to start car leasing services across India through their existing dealership networks. VW India has also launched their own version of car leasing services, two days ago.

What is Car Leasing?

The concept is similar to renting a house, where we pay a monthly rent for using the property while not having the burden of owning and maintaining the property. Car leasing is exactly similar, where the customer can choose the car of his choice, and then pays a monthly fee for an agreed period of months. Servicing and maintenance is also usually covered in the monthly fee, and hence is not an additional burden on the customer. Few OEMs also offer courtesy car (spare car) during longer days of service and maintenance.

Benefits of Car-Leasing:

  • Spanking new car, as you like and when you like it.
  • No down payment. Only monthly fee.
  • No risk of “Re-sale” value.
  • No additional maintenance and repair fee
  • No hassle in case of long maintenance, you may get a courtesy car
  • Upgrade to latest tech laden cars, every few years
  • “Pocket friendly”. “Risk Free.”




See how Maruti Suzuki is promoting Leasing options in India –

Benefits of opting for Leasing a Maruti vehicle
Leasing Lifecycle
Leasing v/s Loan comparison

In developed markets like the US, UK and Europe, car leasing is a very popular strategy. Though it is not new in India, this is yet to pick up steam. Many OEMs in India are already providing such services to their customers. Few OEMs feel the current situation may favor car leasing in India and increase demand substantially.

OEMs currently offering car leasing services in India are Hyundai, M&M (through zoomcar), Mercedes Benz and BMW. Maruti and VW are now getting added to the list.

What would you prefer? Owning or leasing? Throw in your comments —

(The article is written by Karthick. He is an auto enthusiast, and an engineer by profession, currently employed in an auto MNC at Chennai; has a craving on new tech and a particular interest on the Indian automotive market.)

Hyundai India exports 5000 vehicles in May 2020

Hyundai India has announced that it has exported around 5000 vehicles in the month of May, after resuming production in its Chennai facility on May 8th. Hyundai is the nation’s leading exporter, and has achieved the feat of becoming the first company to cross 3 Million exports to 88 global markets.  The company has reportedly exported around 1.7 Lakh units in 2019 alone, which includes 792 variants of cars customized for various markets as per the requirements.

Hyundai thus underlines its key commitment – “Make in India – Make for the World”. “This is a testimony of Hyundai’s resilient efforts towards localization and to accentuate economic recovery. Drawing strength from Hyundai’s vision of ‘Progress for Humanity’ we will continue to offer all-round premium experience to our customers through our quality products, both in India and global markets” – quoted Mr. S S Kim, MD & CEO, Hyundai Motors India Ltd.

The company currently exports around 10 models from its Indian plant to various markets across the globe, that includes – Atos (Santro), Grand i10, Xcent, Grand i10 (Nios) & Grand i10 (Aura), Elite i20, i20 Active, Accent (Verna), Venue and all new Creta.

(The article is written by Karthick. He is an auto enthusiast, and an engineer by profession, currently employed in an auto MNC at Chennai; has a craving on new tech and a particular interest on the Indian automotive market.)

Interesting Facts Series – BMW

As automobile enthusiasts; we yearn to learn more about the brands we love. Hence; we are happy to present the Interesting Facts series where we will cover lot of unknown facts about the famous automobile brands.

The First Brand to be included in the series is BMW. Bayerische Motoren Werke AG, commonly referred to as BMW, is a German MNC which produces luxury cars and motorcycles. The company was founded in 1916 as a manufacturer of aircraft engines, which it produced from 1917 until 1918 and again from 1933 to 1945.

Interesting Facts about BMW – 

1. During WWI, BMW built the airplane engine. The Early airplane engines rewrote the record book, BMW-powered biplane hit 32,000ft in 1919.

2. BMW’s headquarters is a giant homage to its four-cylinder heritage. 

3. The Early airplane engines rewrote the record book, BMW-powered biplane hit 32,000ft in 1919.

4. Everyone thinks the iconic logo represents a spinning propeller, the logo existed before it ever graced a propeller.

5. You can thank the Treaty of Versailles for getting BMW into cars





6. BMW didn’t even design its first car, rather it was a rebadged Austin 7 – 

7. In 1937, the world record for fastest motorcycle went to a BMW!

8. In the late ’50s, BMW almost became part of the same corporate family as Mercedes!

9. BMW’s storied M1 supercar was supposed to be built by Lamborghini. 

10. BMW made its first electric car in 1972