| Automotive | Electric scooters and motorcycles with proprietary battery and motor technology. | Vertical integration, proprietary battery and motor tech, extensive distribution footprint, brand loyalty. | Primarily individual consumers (B2C) across urban and tier-3 Indian markets. | High-margin parts and service business, premium motorcycle segment. | 4514 | 99 | Vehicle sales, service, accessories, and parts sales. | Direct sales through omnichannel network, warranty and service offerings. | Launch of Gen 3 platform, expanding product portfolio, growing EV adoption in India. | Ola S1 Pro, Ola S1, Ola S1 Air, Ola S1 X series, Roadster X motorcycles |
| Cell | Manufacturing of advanced lithium-ion battery cells and energy storage systems. | India’s first operational gigascale cell plant, advanced tech localization, integration with own EV fleet. | Internal auto segment and external commercial/residential energy customers (B2B and B2C). | Battery cell sales to external customers and packaged energy storage solutions. | 12 | 1 | Intersegment sales to automotive, external BESS sales, government incentive schemes. | Supply contracts and direct sales for energy products. | Commissioning of gigafactory, government PLI incentives, rise of renewable energy storage needs. | Bharat 4680 battery cell |
