Under this agreement, Pavna Industries commits to providing high-quality ignition switches and latches to Ola Electric across its manufacturing plants in India. Ola Electric Mobility, headquartered in Bengaluru, is India's largest electric two-wheeler manufacturer. It has been playing an instrumental role in driving EV adoption and penetration in India, the company said in a media release.
Swapnil Jain, Managing Director of Pavna Industries Ltd., said, "Pavna and OLA Electric joining forces will not only drive affordability but also enhance the quality standards for enthusiasts of two-wheeler EVs. OLA's comprehensive product range caters to diverse needs of electric vehicle owners and represents a significant leap towards accelerating EV adoption in India. Combined with our indigenous and innovative manufacturing technology, we are confident that we can drive India’s journey towards green mobility."
Building on the momentum of India's push towards net zero emissions, Pavna Industries will be expanding its product range to include more offerings in the electric vehicle (EV) segment and launch products such as motors and motor controllers recognizing the immense potential and market demand in this sector, the release said.
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