The latest PLI sanction gives Ola Electric incremental liquidity as the company works to lower operating losses and reduce cash consumption
Ola Electric launches the S1Z, bringing its indigenous Bharat Cell LFP technology to affordable electric scooters.
Ola Electric has unveiled an ambitious expansion of its 'Shakti' energy storage portfolio, designed to store energy when it is available and deploy it when it is needed, from keeping a home powered through an outage to managing renewable energy at grid scale. The unveiling was done on India's 80th Independence Day, Ola Electric said in a statement. Built around indigenous LFP battery technology and the company's vertically integrated cell-to-system capabilities, Ola Shakti creates a single architecture across three markets: home energy with Shakti Gen2, commercial and infrastructure energy with Shakti Rack, and industrial and utility-scale energy with Mahashakti, it added. "The use cases of our world-class battery and cell technology will manifest beyond electric mobility," said Bhavish Aggarwal, Chairman and Managing Director, Ola Electric. He further said,"Ola Shakti extends that innovation across every scale, from the home to the grid, helping India store and use clean energy ..
Ola Electric said the Ministry of Heavy Industries (MHI) has approved the revised timeline, which allows the company to receive PLI incentives on a quarterly basis, beginning next quarter.
Emkay retained a 'Sell' call on Ola's stock with a target price of Rs 30 (down 26.8 per cent from last close) and opted to play the E-2W theme via Ather and TVS.
Vodafone Idea, Bosch, Amara Raja Energy & Mobility, Hindustan Copper, Bharat Forge among firms to report Q1FY27 result today.
Vehicle deliveries nearly doubled sequentially to 39,192 units and market share recovered to 8.4 per cent, even as revenue declined 45 per cent from a year earlier
The results come as demand for electric two-wheelers remains strong in India, with analysts expecting the segment to continue gaining share of the broader two-wheeler market
Ola Electric on Thursday announced it is opening its sales and service network to dealer partners across India. This marks a structural shift in the company's go-to-market approach, five years after it launched its first electric scooters, Ola Electric said in a statement. Ola Electric built its early growth through company owned stores, using them to build EV awareness, establish the brand, and create India's largest EV two-wheeler customer base of over 10 lakh riders. As the EV industry has matured and consumer acceptance has grown, the company is now evolving this model, it added. Over the coming months, the company stores will transition to focus on brand and product experience, while dealer partners will become the backbone of local sales, service and scale across the country, the company said. The move follows a month of on ground engagement with dealers nationwide. Ola Electric said the response has been strong, with dealers expressing confidence that the company's product
Ola Electric Mobility said that it has signed a Memorandum of Understanding (MoU) with Axis Energy outlining the potential deployment of up to 20 GWh of battery energy storage systems by 2032.
The Axis Energy MoU marks Ola Electric's first commercial partnership for its upcoming utility-scale battery energy storage systems platform launch on August 15
Ola Electric on Wednesday said its electric two-wheeler registrations nearly doubled sequentially in the April-June quarter, aided by improving retail execution, stronger product availability and sustained demand. The company registered 43,719 vehicles in the first quarter of FY2026, up from 22,252 units in the January-March quarter, according to the government VAHAN registration data cited by the company. June vehicle registrations stood at 16,144 units, the highest monthly tally in recent quarters, capping a quarter of steady recovery in sales momentum. "The sustained momentum reflects the success of our operational improvements, strong product portfolio and continued customer preference for Ola Electric," a company spokesperson said. The Bengaluru-based electric scooter maker said the sequential growth was driven by improvements in retail execution, customer demand and product availability following operational initiatives undertaken over recent quarters. Ola Electric said it .
Ola Electric Technologies and ANI Technologies have renewed separate leases for 430,000 sq ft at Bengaluru's Prestige RMZ Star Tech campus with a combined rental of Rs 281.11 crore
Stocks to Watch today: IRFC, Yes Bank, Ola Electric, Bajaj Auto, Infosys, Tech Mahindra, City Union Bank, Rajesh Exports, PFC, Honasa Consumer are among other stocks that will be in focus today.
Stocks to buy below ₹50: Om Mehra, technical research analyst believes that Ola Electric stock can surge another 24% toward the ₹53-₹54 zone; he is also bullish on UCO Bank and Central Bank of India.
Ola Electric share price today: From the record lows of ₹22.25, touched on March 16, 2026, Ola Electric shares have zoomed a whopping 116 per cent, according to NSE data.
Ola Consumer has turned free cash-flow positive and achieved profitability, widening the gap with rivals that continue to spend heavily to gain market share in India's fiercely competitive ride-hailing sector, according to company disclosures, industry estimates and people familiar with the matter. The company reported operating revenue of about Rs 1,171 crore in FY25, ahead of Rapido's Rs 934 crore. Industry estimates suggest the gap is even wider on a net revenue basis -- after accounting for customer discounts and driver incentives -- with Ola estimated to have generated Rs 250-300 crore in net revenue during the latest quarter, compared with around Rs 40-45 crore for Rapido and Rs 35-40 crore for Uber, according to people familiar with the developments. The performance reflects Ola's shift over the past two years towards a profitability-focused strategy, prioritising monetisation and cost efficiencies over aggressive discount-led growth. "Short-term growth driven by discounts an
The stock opened down 3 per cent at ₹38.50 on the National Stock Exchange and touched a low of ₹38.08 before trimming some losses.
Ola Electric has announced the opening of opened its QIP issue at a floor price of ₹37.74 per share as it moves ahead with plans to raise up to ₹1,500 crore.
Stocks to Watch, June 2: L&T, Anant Raj, Ola Electric, Paytm, Alkem Labs among shares to remain on investors' and traders' radar today