Page 7 - Ola Electric Mobility

Ola Electric zooms 16% after hitting record low for a second straight day

Ola Electric share price: Combined with the volume on the National Stock Exchange (NSE), a total of 115.89 million shares have changed hands on the counter of Ola Electric Mobility

Missing the spark: Will Ola Electric's bike accelerate EV adoption?

Electric two-wheelers haven't quite taken off the way the industry predicted. Can Ola Electric's motorbike charge up the scene?

Ola Electric stock dips below Rs 50: What’s wrong? | Stock market news | Nifty50

Ola Electric, one of India’s biggest EV makers’ stock has taken a sharp fall, dropping below Rs 50 per share. Watch the video to understand what's really going on with the EV maker

Ola Electric shares drop 7.2% to record low after insolvency petition

Rosmerta Digital Services, a vehicle registration service provider and a creditor of Ola Electric Technologies, filed a petition against the unit alleging default in payments

Mobikwik, IKS, Ola, Hexaware from IPO index tank up to 15%, record new lows

Thus far in the calendar year 2025, BSE IPO index has underperformed the market by falling 22 per cent, as compared to 5.4 per cent decline in the BSE Sensex.

Ola Electric's unit faces 2 insolvency petitions over unpaid vendor dues

Rosmerta Digital Services Pvt. and Rosmerta Safety Systems - suppliers of vehicle registration services and high-security registration plates respectively - have separately filed insolvency pleas

Rosmerta Digital seeks insolvency proceedings against Ola Electric's arm

Ola Electric Mobility Ltd on Saturday said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly owned arm Ola Electric Technologies Pvt Ltd. In a regulatory filing, the company said, "A petition has been filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by M/s. Rosmerta Digital Services Ltd, an operational creditor of Ola Electric Technologies Pvt Ltd." The petition has been submitted before the National Company Law Tribunal's Bengaluru Bench, alleging default in payment towards the services rendered by the operational creditor and seeking initiation of the corporate insolvency resolution process (CIRP) against Ola Electric Technologies Pvt Ltd, it added. The company has sought appropriate legal advice and it strongly disputes the claims made, Ola Electric Mobility said, adding it would "take all necessary and appropriate steps to protect its interests and object to the ..

Ola Electric offers Holi discounts of up to Rs 26,750 on S1 e-scooters

Ola Electric on Thursday announced limited-time Holi flash sale offers for its S1 range of electric scooters. Under this sale, customers can avail discounts of up to Rs 26,750 on S1 Air and Rs 22,000 on S1 X+ (Gen 2), with the models now starting at Rs 89,999, and Rs 82,999, respectively, the company said in a statement. The flash sale began on March 13 and ends on March 17. The company is also offering discounts of up to Rs 25,000 on the rest of its S1 range, including all the scooters from its latest S1 Gen 3 range, it added. With both S1 Gen 2 and Gen 3, the company has a portfolio of scooters across all price points ranging from Rs 69,999 to Rs 1,79,999 (after festive discount). Ola Electric said it is also offering benefits worth up to Rs 10,500. New buyers of S1 Gen 2 scooters can avail 1 year of free Move OS+ worth Rs 2,999, and extended warranty worth Rs 14,999 at Rs 7,499, it added. The Gen 3 portfolio comprises the flagship S1 Pro+ 5.3kWh and 4kWh priced at Rs 1,85,00

Ola Electric eyes Ebitda breakeven in automotive by Q1FY26; stock up 3%

Ola Electric share rose after the company's announcement that it expects Ebitda breakeven in its Automotive segment by Q1FY26, with full financial benefits from recent initiatives expected by April'25

Saving about Rs 90 cr per month from cost-cut measures, says Ola Electric

Ola Electric, in which the SoftBank Group has a significant stake, reported a wider quarterly loss of Rs 564 crore in the October-December quarter as it offered heavy discounts to lure customers

Ola Electric showrooms raided in India over trade certificate violations

That means more than 95% of the stores on which Bloomberg News saw the data, lacked basic certification needed to display, sell, offer test rides on or transport unregistered two-wheelers

Ola Electric gains 3% on production linked incentive sanction of Rs 73 cr

Shares of Ola Electric were in focus on Thursday, after it disclosed that it's subsidiary's claim for incentives under the PLI scheme for automobile has been approved by the government

Why Honda could lose out to local rivals in India's scooter market

With rising incomes across India and Southeast Asia, the sector is booming: McKinsey & Co reckons sales will grow at 8.7 per cent a year through 2029

Stocks to Watch, March 5: Adani Wilmar, Coforge, Biocon, Ola Electric, RVNL

Biocon: The company's subsidiary, Biocon Pharma, has received USFDA approvals for Lenalidomide capsules and Dasatinib tablets, and tentative approval for Rivaroxaban tablets

Ola Electric gets IFCI notice for missing PLI-ACC scheme milestones

Ola Electric Mobility on Tuesday said its wholly-owned subsidiary has received a letter from IFCI for missing out on targets specified under the Production Linked Incentive Advanced Chemistry Cell scheme (PLI ACC). As per the government sources, the company did not meet production and investment-related criteria specified under in PLI ACC scheme. "We would like to inform you that we are in receipt of a letter from IFCI Ltd for non-achievement of Milestone -1 as per schedule M of the Programme Agreement dated July 28, 2022," Ola Electric said in a regulatory filing. The company is actively engaged with the relevant authorities in this regard and is in the process of filing an appropriate response, it added. Ola Electric Mobility Cell Technologies, a wholly-owned subsidiary of the company, had entered into a programme agreement with the Ministry of Heavy Industries for availing the scheme. Pursuant to the scheme, IFCI Ltd was appointed as the project management agency for the PLI AC

Reliance Industries seeks extension for EV battery-making plant setup

The government has slapped a penalty on a unit of Reliance Industries Ltd for failing to meet the deadline for setting up a battery cell plant for which it was granted production-linked incentives, the firm said on Tuesday. In a stock exchange filing, Reliance said its step-down subsidiary, Reliance New Energy Battery Storage Ltd on March 3 received "a letter from the Ministry of Heavy Industries levying liquidated damages at the rate of 0.1 per cent of the performance security (Rs 50 crore) for each day of delay from January 1, 2025." The penalty was for the "delay in achievement of Milestone 1 under the programme agreement executed with MHI in connection with 5 GWh manufacturing capacity awarded under the Performance-Linked Incentive Scheme for Advanced Chemistry Cell," it said. The liquidated damages or penalty computed till March 3, 2025 was Rs 3.1 crore. "RNEBSL has requested for an extension of time for achievement of the said Milestone 1," it said. The firm, however, neithe

Bhavish pulls a Musk, asks Ola staff for weekly 'Kya chal raha hai' reports

Ola CEO Bhavish Aggarwal mandates weekly reports from employees, mirroring Elon Musk's directive, as part of stricter workplace policies amid reported layoffs at Ola Electric

Ola Electric likely to lay off over 1,000 employees to reduce losses

The layoff news saw the SoftBank Group-backed firm's stock hit a 52-week low in intraday trading

EV major Ola Electric lays off over 1,000 employees amid mounting losses

SoftBank-backed Ola Electric has laid off over 1,000 employees as part of a restructuring move to cut costs and improve margins, even as it struggles with mounting losses and rising competition

Ola Electric sells 25,000 units in February, retains 28% market share

The electric vehicle (EV) maker said this was backed by a strong S1 portfolio and a sales-and-service network of 4,000 stores across the country