Page 11 - Ola Electric Mobility

CCPA showcause notice won't impact activities, says Ola Electric

Won't impact operations or finance, says company after founder's social media spat with stand-up comedian

Ola Electric gets show cause notice from CCPA on misleading ads; down 6%

Shares of recently listed Ola Electric Mobility fell by 6.17 per cent in intraday deals to Rs 85.21 on Tuesday after the Central Consumer Protection Authority (CCPA) served a show cause notice

Why did Ola Electric shares fall by 6% today?

Ola Electric shares took another hit today, dropping over 6% to a low of Rs 85.21. This comes right after a 9% fall on Monday, October 7, marking a continued slide for the EV maker. Watch the video to

Amid rising service complaints, CCPA issues notice to Ola Electric

The notice, issued on October 3, cites the 'potential violation' of key provisions of Consumer Protection Act, 2019

Mankind Pharma, Bajaj Housing, Ola Electric, 40 others to exit IPO lock-in

Here is the complete list of stocks exiting their IPO lock-in period between October 8, 2024, and December 31, 2024

Ola Electric shares slip 9% on BSE; here is what is worrying investors

Ola Electric share slips in trade. Standup comedian Kunal Kamra raised concerns on e scooters on X; Ola Electric CEO Bhavish Aggarwal alleged paid tweet

Ola's BOSS sale offers discounts as e-scooter sales fall, competition grows

Ola Electric's CEO Bhavish Aggarwal announced that during the sale, the S1 scooter is been priced as low as Rs 49,999

Ola Electric's dominance fades as Indian e-scooter battle intensifies

Ola Electric sold 23,965 vehicles in September, recording a month-on-month decline. In that period, Ola's closest rivals TVS Motor and Bajaj Auto have narrowed the gap

Ola Electric plans 10,000 outlets by 2025, targeting smaller cities

Ola Electric plans to open 10,000 sales and service outlets by 2025 - a move aimed at boosting its presence in smaller cities across India

Ola Electric forms new team to tackle 80,000 service complaints per month

The S1 series' manufacturer of electric scooters has intensified its focus on service operations by building a new team that includes employees from various departments such as product and operations

Ola Electric, JBM Auto, Olectra vroom as govt launches PM E-drive scheme

The recently launched PM E-drive scheme will be valid for two years with a total outlay of Rs 10,900 crore, compared to FAME-2's budget of Rs 12,000 crore

Ola Electric Mobility rival Ather Energy files for Rs 3,100 crore IPO

Part of the IPO proceeds will also be allocated to research and development, marketing initiatives, infrastructure, production activities, and other general corporate purposes

Bhavish Aggarwal-led Ola Electric slips 4% as 30-day anchor lock in ends

The 90-day anchor investor lock in period for Ola Electric Mobility ends on November 5, 2024, for the remaining shares

India needs to lead tech transition, create future jobs: Bhavish Aggarwal

Ola Founder Bhavish Aggarwal is placing bold bets on new-age technologies with a view for India to be at the forefront of the current global tech transition led by AI, and build jobs of the future in the country. In an interaction with PTI editors at the agency's headquarters here, he said the private sector has to do the bulk of job creation, step up and do more, while creating an enabling environment and correcting imbalances, such as that of trade, are the responsibility of the government. Aggarwal also supported the government's move to offer fiscal incentives to global EV makers, including Tesla, through the new EV policy saying it is important for India to attract all kinds of investment, and globally established players will help in the development of the EV ecosystem in the country. The group's newly-listed entity Ola Electric aims to make India a global electric vehicle (EV) hub but the country has to invent an EV and energy transition paradigm for itself based on its needs

Roadmap to profitability laid out, electric car off table: Bhavish Aggarwal

Newly-listed Ola Electric has laid out a roadmap to profitability banking on higher volume, vertical integration of supply chain and in-house produced cells, while it has shelved plans to make electric car, according to company founder and CMD Bhavish Aggarwal. The company, which forayed into the electric motorcycle segment last week, will build products that Indians need, which are by a vast majority two-wheelers and three-wheelers, he said in an interaction with PTI editors at the agency's headquarters here. In the first quarter of this fiscal, Ola Electric's automotive segment EBITDA was almost break-even but for a one-time reversal of about Rs 30 crore it had to pay for a change in standard operating procedure in the government for PLI rules, he said, adding the cell segment is at a different stage of evolution. Ola Electric's net loss widened in the first quarter to Rs 347 crore, from Rs 267 crore in the corresponding period a year ago. In FY24, the company's net loss was at Rs

Stocks to watch, Aug 21: Ola Electric, Cyient DLM, PNB Housing Fin, L&T, Vi

Stocks to watch on August 21: General Atlantic Singapore Fund FII Pte plans to divest a 5.1 per cent equity stake in PNB Housing Finance through a block deal, with a floor price of Rs 775 per share

Ola Electric's S1 X model gets PLI certification, joining S1 Air, Pro

Apart from Ola, applicants including Mahindra & Mahindra (M&M), Tata Motors, Ashok Leyland, and Toyota Kirloskar, among others, have received PLI certificates

Can Ola's e-bike break ICE's dominance over India's motorcycle market?

Ola is offering its mobikes at a price more attractive than its scooters by taking advantage of the lower bill of materials cost for mobikes, which have fewer panels than scooters

I believe in creative destruction: Ola founder on new motorbike prices

Aggarwal said that people should already know how he is going to price the products and expressed confusion over why people are surprised

Ola Electric rallies for 7th straight day; zooms 107% against issue price

Ola Electric share price: While the long-term potential of Ola Electric might be appealing, the current valuation appears to be quite speculative, analyst said