Ola Electric likely to foray into India's USD 30 bn BESS mkt

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Ola Electric is poised to enter the burgeoning energy storage market, projected to exceed USD 30 billion by 2030. Chairman Bhavish Aggarwal hinted at a significant announcement on October 17, suggesting a strategic expansion beyond electric vehicles. This move leverages existing infrastructure and domestic manufacturing capabilities, positioning Ola for rapid market entry in a growing sector.