Page 12 - Ola Electric Mobility

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

Ola Electric share price rise: Madness beyond fundamentals, say analysts

Ola Electric share price target: Since its listing on August 9, Ola Electric stock has surged 92 per cent (till August 19) over its issue price of Rs 76

Ola Electric's e-motorbike pricing sparks debate across EV industry

Industry views firm's approach as marketing tactic rather than a sustainable model

E-scooter maker Ola Electric valuations hit $7 bn; up 75% over IPO price

The latest jump in Ola's stock price comes after it launched a new line of motorcycles and on bets that it will lower costs by using its own batteries

Stocks to Watch Today, Aug 16: Hindustan Zinc, SpiceJet, Ola Electric, M&M

Stocks to watch today, August 16, 2024: GIFT Nifty indicates a positive start for the benchmark equity indices on Friday. Here is the list of buzzing stocks to watch during today's trading session

This recently listed IPO has zoomed 75% against its issue price in 5 days

Shares of Ola Electric Mobility were locked in the 20-per cent upper circuit at Rs 133.08, also its new high on the NSE, on Friday

Ola Electric soars to $7 bn valuation on e-motorcycle launch, battery plan

The e-motorcycle launch is set to intensify competition in the world's second-largest two-wheeler market

Ola Electric's Bhavish Aggarwal announces launch of 3 motorbike variants

The e-bikes, named Roadster, Roadster X, and Roadster Pro, will be available from the fourth quarter of FY25

Ola Electric rolls out 'Roadster' E-bikes, prices start from Rs 74,999

Ola Electric CEO Bhavish Aggarwal also announced the development of Ola's next-generation battery technology, known as the 'BharatCell,' the first cell to be manufactured in India

Ola Electric Q1 results: Loss widens to Rs 346 cr, revenue at Rs 1,644 cr

The company further announced plans to incorporate its own cell technology into its vehicles starting from Q1 of FY26

Ola Electric's impressive stock market debut putting Modinomics to test

The Bengaluru-based startup is being closely watched as a proxy for the country's factory ambitions

Ola, SMS Life, IWEL, GMR Power, Suzlon and 356 others hit upper circuit

Genus Power Infrastructure, Shakti Pumps (India), Gallant Ispat, Suraj Estate Developers, Panacea Biotec, Suzlon and Elpro Intl among BSE Allcap index were frozen at the highest limit for the day.

Ola Electric shares hit 20% upper circuit for 2nd day, top Rs 100-mark

Ola Electric Mobility shares have been trading higher since their listing on Friday, August 9, 2024, and have climbed 43.97 per cent so far

Ola Electric debuts flat on NSE, BSE; hits 20% upper circuit post listing

Since the last day of subscription on August 6, shares of Ola Electric have been trading at a discount of nearly 3-4 per cent in the grey markets, which usually suggests a negative listing