Founder and CEO of Ola Bhavish Aggarwal has announced that his company is planning to bring a new electric sports car For Indian consumer,

In a series of tweets, Agarwal also elaborated on the upcoming moveOS 3 update for S1 Series of electric scooter.

“We’re going to make the sportiest car ever made in India!” Tek Honcho wrote on microblogging platform Twitter.

Agarwal also shared a video on the forum where he tested the Mood feature in the upcoming update of MoveOS 3.

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

“MoovOS 3 launches for everyone this Diwali this year. If moveOS 2 was exciting, wait till you can experience moveOS 3,” Agarwal tweeted.

“Hill Hold, Proximity Unlocked, Mood, Regen v2, Hypercharging, Calling, Key Sharing, many new features! Proud of Ola Engineering for executing world-class technology at speed!” He added.

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

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

The company is reportedly looking at “lean and consolidated teams” to keep its “strong profitability intact”.

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