Ola Electric's volatile stock, rising competition among exchanges, and Sebi's push to simplify regulations shaped a turbulent week for Indian markets
The buying on the counter came after the company promoter, Bhavish Aggarwal, completed the one-time, limited monetisation of a small portion of his personal shareholding
From the past two days, Ola Electric founder-promoter Bhavish Aggarwal is selling stakes through open market as part of a "one-time, limited monetisation of a small portion"; check details
For the second day in a row, the Ola Electric founder offloaded a block of shares, this time worth ₹142.3 crore through open market deals as part of a monetisation plan to repay a promoter-level loan
Ola Electric founder-promoter has undertaken a one-time, limited monetisation of a small portion of his personal stake to fully repay a promoter level loan amounting to ₹260 crore.
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Bhavish Aggarwal monetises a small part of his stake, lifting a key overhang while retaining roughly 34 per cent ownership
Ola Electric's founder Bhavish Aggarwal has undertaken a limited monetisation of his personal shareholding to fully release all promoter-level share pledges totalling Rs 260 crore, according to company sources. The pledge release transaction involved a combination of monetising a small part of the promoter holding as well as other personal incomes. It will completely release 3.93 per cent of previously pledged shares, making the founder-promoter debt-free. Sources said the promoter-group holding will be over 34 per cent after the limited stake monetisation, among the largest in the listed new-age listed cohorts. Ola Electric is not expected to see further promoter pledges as the current one was done to seed fund AI startup Krutrim, which has re-emerged as a cloud infra player with positive cash flows. The monetisation does not result in any dilution of promoter control and reflects the founder's long-term commitment to Ola Electric's strategy of building a vertically integrated, ..
In the Nifty Smallcap 100 basket, Ola Electric Mobility was the top loser, falling more than 4 per cent to ₹35.68. NBCC was down over 3 per cent
Ola Electric on Sunday said it has commenced same-day registration and delivery of its 4680 Bharat Cell powered vehicles in Bangalore. This offering is a part of the company's umbrella Hyperservice initiative to deliver a transparent, convenient, and customer-first service experience, the Bengaluru-based firm said in a statement. Under Hyperdelivery initiative , customers can now complete their purchase online or at an Ola Electric Store and ride home on their fully registered vehicles on the same day, it added. Earlier this year, the company announced that it has moved its vehicle registration process completely in-house. "Hyperdelivery adds another layer of ease and convenience for customers who want to purchase our vehicles. When we introduced it earlier this year,we completely changed the way Indians bought their vehicles," a company spokesperson stated. And today the company starts offering that same ease of ownership for customers who want the 4680 Bharat Cell powered vehicl
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Ola Electric is preparing to recruit about 1,000 senior service technicians and specialised professionals as the company moves into the next phase of its Hyperservice programme, according to people familiar with the plan. The expansion will substantially bolster the firm's after-sales workforce of around 2,000 and follows weeks of rapid-response efforts to clear service backlogs in key markets. "This is the second, more structural leg of Hyperservice," a senior company official said, requesting anonymity. "The taskforce was the firefight. This phase is about ensuring we don't have to go through it again." Unlike a typical hiring expansion, the upcoming drive focuses on senior and specialist roles - from EV diagnostics experts to service centre managers and customer-facing advisors. Insiders say the objective is to upgrade capability rather than merely increase headcount, targeting roles that influence repair accuracy, centre operations, and first-contact customer experience. "We a
Share price Ola Electric Mobility slipped 5 per cent to hit an all-time low of ₹38.18 on the BSE in Wednesday's intra-day trade, falling below its previous low of ₹39.58 touched on July 14, 2025.
Ola Electric has initiated a major service reboot, deploying a 250-member rapid-response team across the country to address its after-sales backlogs and stabilise customer support, as per company sources. The team comprises technicians and operational specialists led by the core leadership team, to clear pending repairs and improve spare-part availability for the company's fast-growing electric scooter base. "The company's Hyperservice initiative is aimed at fundamentally transforming how electric two-wheelers are serviced in India. The company has nearly cleared service backlogs in Bangalore under this initiative, and will replicate this framework in other cities across the country," said a source involved in this service effort, on condition of anonymity. The newly mobilised taskforce has been coordinating closely with service centres, backed by real-time communication channels to address all kinds of delays ranging from battery replacements to routine repairs, the source said. A
Ola Electric on Monday announced the nationwide rollout of its in-app service appointment feature under its Hyperservice initiative, enabling customers to seamlessly schedule service for their vehicles. The new feature strengthens the company's commitment to delivering a transparent, convenient, and customer-first service experience. Designed to offer greater ease and accessibility, the in-app booking system allows users to choose preferred service slots, track service status, and manage all service-related needs directly within the Ola Electric app, the company said in a statement. By bringing the entire service journey onto a unified platform, customers can eliminate the hassles of traditional service booking methods, it added. The feature also assures customers of genuine, high-quality parts and standardised service processes. "Our vision under the Hyperservice initiative is to offer world-class experiences that are rooted in trust, convenience, and transparency. With the launc
Investors are balking at joining the company's new ₹1,500 crore ($168 million) fundraising plan given the Indian EV maker's deteriorating sales and financial health
Mahindra & Mahindra on Tuesday said it plans to set up 250 electric vehicle charging stations, each with 180 kW, by the end of 2027. The network will entail 1,000 charging points across 250 stations aligning with the government's priority of strengthening public EV charging infrastructure to accelerate EV adoption in India, the Mumbai-based automaker said in a statement. The company has already inaugurated the first two Charge_IN stations in Hoskote on NH 75, Bengaluru Chennai highway and Murthal on NH44, about 50 km from Delhi, it added. "Electric mobility is about driving a larger shift towards cleaner, sustainable transportation. XEV 9e and BE 6, with their impressive 500 km real-world range, ensure drivers feel confident on long journeys. Meanwhile, with our ultra-fast charging network by Charge_IN we will be creating an open and accessible network for all EV users," Mahindra & Mahindra CEO Automotive Division Nalinikanth Gollagunta stated. The Charge_IN stations will be .
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Ola Electric on Sunday said it has commenced test rides of its 4680 Bharat Cell vehicles at the company's flagship stores across India. The S1 Pro+ (5.2kWh) is the first product to be powered by the company's indigenously manufactured 4680 Bharat Cell battery pack that delivers more range, better performance, and enhanced safety. The company recently announced that it secured ARAI certification under the latest AIS-156 Amendment 4 standards issued by the Ministry of Road Transport and Highways for its indigenous developed and manufactured 4680 Bharat Cell battery packs in 5.2 kWh configuration. "With this indigenous technology now available for customers to experience through test rides at our flagship stores, we are proud to bring the future of performance, range, and safety to the roads today," a company spokesperson stated.
Ola Electric has rejected reports linking it to a South Korean probe into alleged battery technology leaks from LG Energy Solution, saying it is focused on its own 4680 Bharat Cell, now in commercial