SoftBank Group chairman Masayoshi Son said on Friday that Indian cab-hailing company Ola, in which SoftBank is an investor, may introduce a fleet of one million electric cars in partnership with an electric vehicle maker and the government-a move that could transform the electric mobility sector in the country.

Son said he was bullish on the electric vehicle segment in India and would look at investment opportunities in this space. The vehicles will be locally manufactured to support the government’s ‘Make in India’ campaign, he added.

“I think this will be the biggest initiative for electric vehicles in India,” Son, who attended the Hindustan Times Leadership Summit, said in an interview on Friday.

 

http://www.livemint.com/Companies/ZxUspHFTYoS2Uu0TN8VeQL/Ola-may-deploy-1-million-electric-cars-says-SoftBanks-Masa.html

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