Page 8 - Ola Electric Mobility

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

Ola Electric on Friday said it sold 25,000 units in February and reached a market share of over 28 per cent, cementing its leadership in the electric two-wheeler segment. The company achieved the sales milestone on the back of S1 portfolio and sales-and-service network of 4,000 stores across the country, Ola Electric said in a statement. "We have successfully maintained a strong sales momentum and leadership position through the month of February," a Ola Electric Mobility spokesperson said. Owing to a wide scooter portfolio across mass and premium segments, and sales network of 4,000 stores across India, the company is now witnessing a strong uptick in demand beyond urban cities, the spokesperson added. "With our Roadster X deliveries scheduled next month, we are confident of further accelerating the EV adoption across the 2W category in India," the company spokesperson stated. The company said it has recently announced the renegotiation of contracts with its vehicle registration

Stocks to Watch, Feb 28: PFC, Paytm, JSW Infra, M&M, Tata Power, LIC

Share market today: Indian stock markets are likely to be influenced by the persistent selling of Indian equities by FIIs, Trump tariffs, and the country's Q3 GDP data set for release later today

Ola Electric, NTPC Green, One Mobikwik, 23 other IPOs hit new lows today

Of the 26 recently-listed IPOs, as many as 21 stocks were trading below their respective issue price on the BSE in Thursday's intra-day trade.

Ola Electric bolsters profitability drive, cuts warehouses, optimises costs

Ola Electric has eliminated its regional warehouses across India, and will now leverage its 4,000 retail stores nationwide for maintaining vehicle inventory, spare parts, accessories, and last-mile deliveries. The strategic move is expected to boost EBITDA margins by almost 10 percentage points, besides improving inventory management and faster customer deliveries, sources directly familiar with the matter said. Ola Electric is redesigning its distribution network and optimizing vehicle registration process as India's largest electric two-wheeler maker chalks out roughly Rs 30 crore monthly savings in an accelerated profitability drive. The company has also renegotiated contracts with vehicle registration agency partners to streamline the process and further reduce costs. While this move temporarily affected the company's registration numbers on the VAHAN portal in February, Ola Electric clarified in a stock exchange filing that actual sales remained unaffected during the ...

Ola Electric renegotiates registration agency contracts; no impact on sales

Ola Electric, India's largest electric scooter maker, on Wednesday announced it is renegotiating contracts with its vehicle registration agencies- a period during which actual sales will not be impacted but the registration numbers showing on the government's VAHAN portal may see a temporary blip. In a stock exchange filing, Ola said it is discussing revising existing agreements with Rosmerta Digital Services Private Ltd and Shimnit India Private Ltd as part of a sales overhaul. This will "temporarily affect" registration numbers reflecting on the VAHAN portal in February. "We are renegotiating the terms of agreement with our agencies, namely Rosmerta Digital Services Private Ltd and Shimnit India Private Ltd, to reduce cost and enhance registration process efficiencies. Due to ongoing negotiations and optimisation of the registration process, our registration numbers for the month of February 2025 (on VAHAN portal) will be temporarily impacted. Our sales continue to be strong ...

Bhavish Aggarwal's Krutrim brings DeepSeek R1 to Indian developers

Policy shift has triggered a significant backlash from anti-corruption watchdogs

Ola Electric slips 3%, nears record low on wider Q3 loss, lower deliveries

Ola Electric's net loss widened to Rs 564 crore, compared to Rs 376 crore in Q3FY24 and Rs 495 crore in Q2FY25, in Q3FY25

Ola Electric Q3 results: Net loss widens to Rs 564 cr, revenue drops 19%

Its revenue from operations in Q3FY25 dropped 19.36 per cent to Rs 1,045 crore, down from Rs 1,296 crore in the same period last year (YoY)

Ola Electric Q3 results: Company reports a wider loss of Rs 564 crore

SoftBank-backed firm reported a loss of Rs 564 crore ($64.51 million) in the October-to-December quarter, compared to a loss of Rs 376 crore a year earlier

Q3 results today: LIC, M&M, and Mazagon Dock to post earnings on Feb 7

Q3FY25 company results, February 7: Edelweiss Financial, Delhivery, Sun TV, Ola Electric Mobility, and Dreamfolks Services will be among 234 companies releasing report for the Oct-Dec quarter

Ola Electric enters EV motorcycle segment with launch of Roadster X series

Deliveries for the Roadster series are set to begin in mid-March. The company has been teasing the launch of its electric motorcycles multiple times

Ola Electric forays into e-bike segment with Roadster X series

Ola Electric on Wednesday said it has forayed into the electric motorcycle segment with the launch of its Roadster X series. Built on the company's scalable motorcycle platform, the all-new Roadster X series comes with 2.5kWh, 3.5kWh and 4.5kWh variants priced at Rs 74,999, Rs 84,999 and Rs 94,999, respectively. The Roadster X+ 4.5kWh is priced at Rs 1,04,999 and Roadster X+ 9.1kWh (with 4680 Bharat Cell) that offers a range of 501 km per charge is tagged at Rs 1,54,999, the Bengaluru-based company said in a statement. "Motorcycles are at the heart of India's mobility landscape. With our electric motorcycles, we're driving the EV revolution deeper into the core of Indian mobility," its Chairman & Managing Director Bhavish Aggarwal said. After transforming the scooter market and making EVs mainstream, the company's futuristic Roadster series of motorcycles is here to accelerate the EV adoption further and make electric the first choice for every rider in India, he added. "The ...

Ola Electric Mobility enters EV motorcycle segment; shares gain 3%

Ola Electric Mobility shares scaled their all-time high of Rs 157.53 on the BSE on August 20, 2024, while their 52-week low of Rs 64.68 was recorded on January 28, 2025

Ola Electric leads with a 25% market share in e-scooters: Bhavish Aggarwal

Ola Electric on Friday said it has reclaimed market leadership in the electric two-wheelers segment with 22,656 registrations recorded in January. On the back of the strong S1 portfolio and the recently expanded sales and service network to 4,000 stores across India, the company witnessed a 65 per cent growth month-on-month and improved its market share to 25 per cent this month, the Bengaluru-based firm said in a statement. The company on Friday launched eight scooter models under the S1 brand, developed on its Gen 3 platform, priced between Rs 79,999 and Rs 1,69,999. "With Gen 3, the company is taking a big leap forward in performance, safety, efficiency reliability," it noted. With a new range based on the Gen 3 platform and the recent journey back to the top of the leaderboard, the company hopes to increase the gap with the legacy automakers, Ola Electric said.

Ola Electric unveils S1 Gen 3 portfolio, launches 8 new scooters

Ola Electric said the Gen 3 platform delivers the next level of performance, efficiency, safety, and reliability

Ola Electric soars 14% after launching 8 new Gen 3 variants of S1 portfolio

Ola Electric launched 8 new scooters across mass and premium segments on Friday, extending its S1 portfolio with Gen 3 features

Chennai auto and cab drivers to boycott Ola, Uber from Feb 8: Here's why

Drivers plan to continue using local aggregator-apps like Namma Yatri, which charge a fixed daily subscription fee instead of commission-based deductions

Ola set to unveil electric scooter based on Gen 3 platform on Jan 31

Ola Founder Bhavish Aggarwal on Wednesday said electric scooter based on Gen 3 platform will be unveiled later this week. "Ringing the 'Next Level' with @OlaElectric Gen 3 scooters! We've significantly surpassed Gen 2 products in every way -- much higher performance, more features, great design! And a surprise to change the industry all over again," he stated on X. The Bengaluru-based Ola Electric will unveil the product range on January 31. Ola Electric expects the new platform to bring in around 20 per cent margin savings. Some savings will come in in January and then many more every quarter as all of the Gen 3 technologies come into play, he stated during the Q2 call with analysts. "In terms of gross margin, we expect about a 20 point improvement as Gen 3 plays out over the next 12 months step-by-step," he noted. During the call, Aggarwal had mentioned that in Gen 3 upgrade, the company is doing re-architecture of the motor platform which reduces cost, increases power ...

Bears on the prowl as markets turn skittish; individual stocks hit hard

Market insiders reveal that bears are homing in on vulnerable stocks with lofty valuations, promoter share pledging, and negative news triggers

Sebi warns Ola Electric over disclosure norms violation, its shares fall 4%

The company's MD had disclosed expansion plans on social media before information on stock exchanges