Ola CEO trying to replicate Tesla and Elon Musk

Bhavish Aggarwal founder and CEO of Ola has recently announced that his company is planning a new electric sports car for the Indian market.

The tech honcho wrote on the microblogging platform Twitter, "We are going to build the sportiest car ever built in India!"

In a series of tweets, Aggarwal also detailed about the upcoming MoveOS 3 update to the S1 series of electric scooters.

Aggarwal also shared a video on the platform where he tested the Moods feature in the upcoming update MoveOS 3.

In another tweet, the founder and CEO of the platform mentioned that the upcoming update is scheduled for Diwali.

"MoveOS 3 launch for everyone on Diwali this year. If MoveOS 2 was exciting, wait till you experience MoveOS 3," Aggarwal tweeted.

"Hill hold, proximity unlock, moods, regen v2, hypercharging, calling, key sharing, many new features! Proud of Ola Engineering for executing world-class tech at speed!" he added.

Meanwhile, a recent report said that Ola is planning to lay off up to 500 employees across departments as it aims to cut costs and streamline operations amid the ongoing funding winter.

According to reliable sources, SoftBank-backed Ola has asked senior executives to find employees in their teams on a performance basis who can be asked to go.

The company is reportedly looking at "leaner and consolidated teams" to keep its "strong profitability intact".

Both Elon Musk and Bhavish Aggarwal started off with different business models and eventually moved to electric cars. Both aim to produces the sportiest cars for their country. Both are laying off employees. Both have pending litigations related to EV fires.Can both of them have the same destiny? While Elon Musk has achieved success with Tesla, we have to wait and watch Bhavish Aggarwal's - Ola electric sports car's performance in the Indian market.

(With inputs from IANS)