Pavna Industries to supply ignition switches and latches to Ola Electric

Pavna Industries will be expanding its product range to include more offerings in the EV segment.

Ola
Ola pushed its market share to 52% in April with volumes of nearly 34,000 units, as per vehicle registration data supplied by Vahan and ICICI Securities. (Image: Ola Electric)

Pavna Industries has announced that it has inked an agreement with Ola Electric to supply ignition switches and latches. This contract further consolidates the company’s foray into the two-wheeler electric vehicle segment.

Under this agreement, Pavna Industries commits to providing high-quality ignition switches and latches to Ola Electric across its manufacturing plants in India.

Commenting on the partnership, Swapnil Jain, Managing Director of Pavna Industries 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 the 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.

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This article was first uploaded on April twenty-three, twenty twenty-four, at thirteen minutes past nine in the morning.
Market Data
Market Data