Page 10 - Ola Electric Mobility

Ola Electric vehicle registrations up 74% at 41,605 units in October

Ola Electric Mobility Ltd on Friday reported a 74 per cent rise in vehicle registrations at 41,605 units in October 2024 as compared to the same month last year. The company sold over 50,000 units in October 2024, Ola Electric said in a statement. The registration numbers are as per Vahan data, it added. "The festive season has been really strong for us on the back of our expansive portfolio, uptick in consumer demand, and the strengthening of our sales network across India. We have witnessed an increase in EV adoption especially in Tier 2 and 3 markets and we are confident that this positive growth will cascade in the coming months as well," a spokesperson of Ola Electric Mobility Ltd said. The company said it has started a campaign to double its company-owned service network to 1,000 centres by December 2024. Also, as part of the network partner programme, it will onboard 10,000 partners across sales and service by the end of 2025.

India's biggest IPOs of 2024: Swiggy, Ola, Hyundai Motor India, more

About 270 companies have raised over $12.57 billion through IPOs in India so far this year, well above the $7.4 billion raised in all of 2023, LSEG data shows

Ola Electric share price dips below issue price; tanks 52% from record high

Ola Electric share price today fell 3 per cent to hit a record low of Rs 75.20

Ola Electric launches Digital Twin platform powered by Nvidia Omniverse

Ola Electric's new Digital Twin Platform, built on Nvidia Omniverse, uses AI, simulations, and IoT to optimise manufacturing, speed up product development, and enhance operational efficiency

Here's why Ola Electric shares jumped 4.5% on October 22; reasons here

The rise in the Ola Electric share price came after the company, on Monday, announced that it has resolved approximately 99.1 per cent of the 10,644 complaints received from CCPA

Resolved 99.1% of the 10,644 complaints received from CCPA: Ola Electric

The CCPA had issued a show-cause notice demanding an explanation for the handling of thousands of consumer complaints regarding service deficiencies, and providing 15 days to respond

Bouncers at Ola service centres? Users tag Kunal Kamra in viral posts on X

Another rift between Bhavish Aggarwal and Kunal Kamra has surfaced after users claimed that Ola had hired bouncers for its service centres

Bhavish Aggarwal's Ola Electric engages EY for urgent service overhaul

The global consulting firm, EY, is expected to assist the electric two-wheeler maker in various service-related areas with a focus on streamlining business processes and optimising inventory

Stocks To Watch: Adani Energy, Cochin Shipyard, HDFC Life, Vi, Ola Electric

Stock Market Today: Tata Motors-owned Jaguar Land Rover reported a 36 per cent year-on-year increase in retail sales for the first half of the fiscal year

Not price cut, but festive discounts: Ola Electric on ARAI notice

The Boss sale of Ola is already under regulatory scanner as the Automotive Research Association of India (ARAI) has raised concerns over the company's recent pricing practices

Ola Electric share price up 5% as it consolidates 34% market share in Oct

Ola Electric has achieved 34 per cent market share on the back of its wide S1 portfolio of scooters and an expanding service network, even as its after-sales and pricing practices come under radar

Ola Electric share price slips 3% as ARAI questions co's pricing practices

Ola Electric share price declined as Automotive Research Association of India asked the company to provide clarification about a price reduction for its S1 X 2 kWh model in its recently announced sale

Stocks To Watch: Wipro, HAL, Dmart, Ola Electric, GIC Re, Oberoi Realty

Stock Market Today: Adani Enterprises has successfully raised $500 million through a share sale, marking its return to the equity markets after a previous cancellation.

Ola Electric's Bhavish Aggarwal and his EVs need to be less combustible

An online spat between Aggarwal and Kunal Kamra, a popular Indian stand-up comic, has had India riveted

Ola Electric's BOSS sale under regulatory lens: What are ARAI's concerns?

Not updating ARAI about discount could risk subsidy claim

CCPA directs Ola cabs to provide refund options to its consumers

Over 2,000 complaints registered on NCH, authority asks platform to issue bills for auto rides

Ola Electric executives meet MHI, seeks time to resolve service complaints

Ola Electric has said that the show-cause notice from the CCPA "would not impact" its activities and that the company will file a response to the notice within the 15-day deadline

Indian startups including Ola, Paytm, others mourn demise of Ratan Tata

Tata, after taking a personal interest in Agarwal's journey, decided to invest in Ola in 2015, as per Bhavish, Tata was also the inspiration behind Ola Electric

Here's why Ola Electric share was down over 3% on October 10; reasons here

Ola Electric's share price declined following a request from the Ministry of Heavy Industries (MHI) to the ARAI for its assessment of the increasing number of consumer complaints against the company.

MHI seeks ARAI's comments on consumer grievances against Ola Electric

The notice from CCPA came in response to 9,948 consumer complaints registered against Ola Electric between September 1, 2023, and August 30, 2024, on the National Consumer Helpline