India, Nov. 22 -- Ride-hailing major Ola is foraying into electric scooter manufacturing and plans to hit the market with its first vehicle in January next year.

The electric scooter, initially manufactured at a facility in the Netherlands, will be sold in India as well as Europe, the sources close to the development told PTI.

Ola did not respond to emailed queries.

In May this year, Ola Electric announced the acquisition of Amsterdam-based Etergo BV for an undisclosed amount. At that time, the firm had said it aimed to launch electric two-wheeler in India in 2021, and that the acquisition of Etergo further bolstered its engineering and design capabilities.

The sources said Ola Electric, EV arm of the ride-hailing company, plans to la...