Hyundai and Kia charge up Ola's EV initiatives with $300 million (10/31)

While domestic cars sale has been languishing, app based taxi service providers are emerging as the new knights in shining armour for automotive companies.

To shore up the presence of their EV, Kia and Hyundai have announced an investment of $300 million in Ola. Kia and Hyundai would work with Ola to develop India specific EV solutions, built on the specification of Ola.

“Our partnership with Ola will certainly accelerate our efforts to transform into a smart mobility solutions provider” : Euisun Chung, Executive Vice-Chairman of Hyundai Motor Group