Ola's Aggarwal Challenges Musk's EV Dominance
prativad 
Indian billionaire Bhavish Aggarwal, the founder of Ola, a ride-hailing company turned EV maker, has issued a direct challenge to Tesla CEO Elon Musk. Aggarwal aims to disrupt the global electric vehicle (EV) market by focusing on affordable options for developing nations, a strategy he believes sets Ola apart from Tesla.
At a recent event in New Delhi, Aggarwal declared, "Tesla is for the West, Ola is for the rest." He emphasized Ola's commitment to making India a global EV hub and positioning the company as a leader in affordable electric vehicles.
Ola Electric, already a major player in electric two-wheelers and EV components, has recently made significant strides in the market. Its successful IPO earlier this month, with a market capitalization exceeding $7 billion, solidified its position as a leading Indian tech company.
Aggarwal, often compared to Musk due to his entrepreneurial ventures and ambitious goals, has dismissed these comparisons. He suggested that Musk should explore new business avenues instead of competing directly with Ola in the EV and AI sectors.
Ola's recent launch of Krutrim, a large language model AI company, further highlights its ambitions in the tech space. Krutrim, already a unicorn with a valuation of over $1 billion, aims to support India's AI ecosystem through its data centers and AI chip development.
