Page 22 - Ola Electric Mobility

Ola Electric crosses 1 lakh production mark, says CEO Bhavish Aggarwal

The company sells three models of Ola electric scooters, Ola S1, Ola S1 Pro and Ola S1 Air

Ola Electric will miss target to fully utilise production capacity

Ola Electric will miss its target to fully utilise installed production capacity in next six to eight months and will achieve only 50 per cent of it by November 2023, founder and CEO Bhavish Aggarwal said on Friday. At the time of launch of the new S1 Air electric scooter ahead of Diwali last month, he had said the company was already producing more than 1,000 a day at its 'future factory' and would be scaling it up significantly beyond that. "We feel that in the next six to eight months we will exhaust the (current) installed capacity and we are also in parallel expanding our capacity in the future factory," he had said. Company officials had insisted that Ola Electric has a current capacity of 20 lakh units per annum at its factory and it would be exhausted in the next six to eight months. However, in a post on Twitter on Friday sharing the company's production targets, Aggarwal wrote, "Our cumulative production numbers: Dec 2021: 0; Nov 2022: 1,00,000; Nov 2023: 10,00,000; Nov .

Indian EV makers 'not doing it right', says Gogoro CEO Horace Luke

Luke on Thursday launched Gogoro in India with a pilot project in collaboration with ZyppElectric

Ola Electric sales reach 20,000 units in October in strong festive season

Ola Electric on Tuesday reported sales of 20,000 units in October 2022. The company, which sells electric scooters S1 Pro and S1, said it registered a strong performance during the festive season. Sales recorded a four-fold growth over daily run rate during Navratras, and ten times on Vijayadashami, the company said in a statement. It has been producing 1,000 units a day on an average . The company, after opening bookings at Rs 499 in July last year for its electric scooters S1 Pro and and S1, started online purchase process in September 2021. It initially planned to start deliveries in October but later pushed the date to November and then again to the second half of December last year.

Can Bhavish Aggarwal's ambitious plans for Ola Electric challenge Musk?

Whether Ola Electric succeeds or not, Aggarwal's admirers seem to agree that he has turbo-charged the EV market, pulling in millions of investment dollars

Two-wheeler sales in India rise 9% YoY, still below pre-pandemic levels

Honda emerged as the top two-wheeler seller in India in September, followed by Hero and TVS Motor. Ola Electric was the top EV seller

Ola Electric eyes stakes in joint ventures to up raw material supplies

Also in talks for tie-ups with firms that provide elements to make batteries

Ola Electric back on top spot after 4 months for e-scooter registrations

EV makers said in view of the festival season, they expect overall numbers to go up substantially

Price hikes in electric scooter models? 'Unlikely', says Ola Electric

The government has extended the earlier October 1 deadline for the implementation of new battery testing norms for electric vehicles (EVs)

Australian companies delegation visiting India for better trade tie-ups

The delegation is visiting India as a part of Australia India Business Exchange (AIBX) programme. The delegation of companies will be led by the Australian Trade and Investment Commission (Austrade).

Ola group drives back on layoff plan for nearly 200 engineers, for now

Overall, the company at a group level has a workforce of around 10,000 people

Ola does a u-turn: Plans more experience centres to take count to 200

At present the company has 20 experience centres; move is in contrast to company's earlier gameplan to disrupt traditional auto distribution channels by selling directly to customers

Restructuring at Ola group likely to take away 200 engineering jobs

Aim is to minimize redundancy and centralise operations, says company

MCA mulls imposing fines on unicorns over delay in filing financials

Swiggy had delayed its FY21 result filing by 11 months and Ola Electric was at least 13 months late in filing the financials with the RoC

E-scooters to hit 5% of two-wheeler mkt in FY23: Greaves Electric Mobility

Greaves Electric Mobility projects that sales of electric scooters will balloon to 700,000 units in FY23 from 250,000 units in FY22

Can Ola CEO pull off his electric car dream amid harsh ground realities?

According to industry experts, Ola needs to move slowly, fix the house first and cater to the new consumers who are afraid of booking electric two-wheelers amid fears.

Ola Electric unveils one of India's 'fastest' cars; 0-100 Km/h in 4 seconds

Ola Electric has laid out its vision to become a vertically integrated electric mobility player across two-wheeler and passenger vehicle segments

'Would never acquire a loss-making business': Ola CEO on merger with Uber

The Covid-19 pandemic has hurt the transportation industry. But Ola said it is one of the most profitable ride-hailing companies in the world with a strong balance sheet

Reliance, Ola Electric, Rajesh Exports agree to build batteries in India

The companies were among four bidders selected by the government in March to build a total of 50 gigawatt hours (Gwh) of battery storage capacity under a PLI programme

Ola Electric suspends production at Tamil Nadu plant citing maintenance

Ola Electric has suspended its production of electric scooters at Tamil Nadu's Krishnagiri plant for almost a week, a news report said