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ola: Ola CEO delegates day by day operations to CFO – Occasions of India

BENGALURU: Amid detrimental publicity surrounding EVs and their batteries, Ola founder and CEO Bhavish Aggarwal stated he is delegating some accountability of day-to-day operations to the corporate’s CFO Arun G R, in order that he can focus extra on the engineering, product and team-building components of the enterprise.
“To drive scale, velocity and high quality, Ola has expanded group CFO Arun G R’s function to assist and help Bhavish Aggarwal in day-to-day operations throughout the group,” a spokesperson for the corporate stated.
Amid rumours of Aggarwal stepping down from his publish completely, the Ola CEO on Tuesday tweeted: “Reads like I am retiring! Not true. Arun is a good chief & he’ll assist me handle Ola’s ops. We are going to speed up bold new initiatives like our automotive, cell, gigafactory, and many others, & deepen deal with tech & engineering. Extra quickly doubling down on constructing the longer term right here in India, at Ola!”
Many imagine Aggarwal’s transfer is an try to speak that Ola is taking the considerations round EVs significantly. There have been a number of incidents of EV batteries catching fireplace throughout the nation over the previous couple of weeks, together with one on an Ola S1 electrical scooter in Pune on March 26. On April 9, 20 electrical scooters from Jitendra EV caught fireplace in Nashik whereas they had been being transported. A person and his daughter additionally died from suffocation in Tamil Nadu after their EV scooter erupted in flames in March.
However batteries aren’t the one drawback. An Ola buyer lately tweeted that his scooter began shifting in reverse though he had accelerated to take it ahead.
Many of those are critical design, software program and testing points. Globally, fires breaking out over improperly manufactured lithium-ion batteries are a uncommon sight, which is why stakeholders within the EV trade have been so shaken up by the latest mishaps, because it has the potential to noticeably hamper the prospects of the nascent trade.
Ola has already constructed a big EV two-wheeler manufacturing unit in Krishnagiri in Tamil Nadu, and has dedicated to take it to a capability of 10-million items a 12 months, which may make it the world’s largest two-wheeler manufacturing unit. Making that funding profitable relies upon crucially on the product being extraordinarily dependable.

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