Page 2 - Ola Electric Vehicles

Ola Electric CEO named in police probe after engineer's death in Bengaluru

Police register a case citing abetment of suicide; Ola Electric challenges FIR in Karnataka High Court and denies allegations of workplace harassment

Why did Ola Electric share price hit a 5% upper limit today? Find out here

Ola Electric shares rose today following the launch of Ola शक्ति, its first residential Battery Energy Storage System (BESS).

Ola Electric shares jump 5% on likely foray into energy storage market

According to a report by PTI, Ola Electric is likely to enter the energy storage market, which is expected to reach over $30 billion by 2030

Can Ola's rare-earth-free motor power India's self-reliant EV revolution?

By replacing rare-earth magnets with ferrite, Ola aims to make EVs cheaper, locally sourced, and less reliant on Chinese supply chains. But key engineering hurdles remain

Ola Electric launches festive Muhurat Mahotsav with scooters from ₹49,999

Ola Electric on Tuesday announced a festive campaign with prices of its S1 scooters and Roadster X motorcycles starting at Rs 49,999 for nine days starting September 23. Under Ola Muhurat Mahotsav, the customers now stand a chance to own Ola's scooters and motorcycles daily at never-before-seen prices, the Bengaluru-based electric two-wheeler maker said in a statement. Under the Muhurat Mahotsav, S1 X 2kWh and Roadster X 2.5kW will be priced at Rs 49,999, and S1 Pro+ 5.2kWh, and Roadster X+ 9.1kWh will be priced at Rs 99,999, it added. Both S1 Pro+ 5.2kWh and Roadster X+ 9.1kWh come with 4680 Bharat Cell battery packs. The company said it will offer limited units of the S1 and Roadster at these prices on a first-come, first-served basis, with Muhurat time-slots being announced on the brand's social media handles each day. "The Muhurat Mahotsav is not just about never-before prices, it's about making world-class EVs accessible to every Indian household, while celebrating our shared

Ola Electric aims to halve delivery timelines ahead of festive season

Ola Electric is gearing up for the festive season with an aggressive production and inventory push, aiming to slash vehicle delivery timelines by more than half, from the current handover period of 12-14 days, sources said. Reducing delivery timelines and improved handover experience have been identified as a key priority for the company this season. The company is working to ensure customers do not face the long waiting periods seen in earlier cycles. "The festive season is critical, and delivery speed will be the differentiator," a source said. Over the past few quarters, Ola has steadily shifted from a discount-driven industry playbook to a model anchored in profitability and sustainable growth. While rivals are expected to continue offering deep festive discounts of 10-12 per cent, often at the cost of burning cash, the company has stayed consistent with its focus on improving EBITDA margins. Ola Electric has sold over one million vehicles, nearly double of its closest rival

Ola Electric hits 1 mn production mark, launches special edition RoadsterX+

Ola Electric on Tuesday said it has rolled out one-millionth vehicle from its Futurefactory in Krishnagiri, Tamil Nadu. Ola Electric commenced production in 2021 and has achieved this landmark in under four years, driven by strong demand for its S1 portfolio of electric scooters, and the recently launched Roadster X electric motorcycles. To mark the milestone, the company has rolled out a special edition RoadsterX+ in a midnight blue, with sporty red accents across dual tone seat, rims and the battery pack. "This marks the celebration of every Indian who trusted us and believed in our mission. In four years, we've gone from an idea to becoming India's EV two-wheeler leader," a company spokesperson said. The Bengaluru-based firm has built at scale and proved that world-class products can be designed, engineered, and manufactured right here in India, the spokesperson added. "This milestone is a testament to how far we've come, and we're just getting started! Our mission is clear: ..

Ola Electric files PLI claim of Rs 400 crore, boosting financial prospects

Ola Electric has filed a claim of around Rs 400 crore incentive under the government's production-linked incentive (PLI) scheme, reinforcing its compliance with rigorous localisation and regulatory requirements, according to sources. As per industry sources, Ola has filed the claim with eligible sales of about Rs 3,000 crore for FY25, translating into an expected incentive of nearly Rs 400 crore. The incentive, calculated at a rate of 13 to 14 per cent, is expected to significantly strengthen the company's liquidity position and deliver a positive impact on its financial performance in the coming quarters, the sources close to the development said. Notably, Ola was the only two-wheeler Original Equipment Manufacturer (OEM) to receive the PLI incentive last year, marking a significant milestone for the company and the industry. Continuing this momentum, Ola has emerged as the top achiever in PLI-eligible sales in the two-wheeler category for two consecutive years, underscoring its .

Ola Electric auditor flags 'material weakness' in inventory controls

Ola Electric's auditor flagged weak inventory controls at its main unit, as SoftBank and automakers cut stakes and regulators probe sales and consumer complaints

Ola Electric hits 5-month high; up 11% in weak market; stock outlook here

Ola Electric Mobility said earlier that it has secured Production Linked Incentive (PLI) certification for its Gen 3 Scooter Portfolio

Ola Electric secures PLI certification for Gen 3 scooter portfolio

Ola Electric on Tuesday said its Gen 3 scooter portfolio has received certification under the Production Linked Incentive scheme for the automobile and auto components sector. The certification was granted by the Automotive Research Association of India (ARAI) to all seven Ola S1 Gen 3 scooters. With this milestone, Ola Electric's Gen 2 and Gen 3 scooter portfolio now stands PLI-certified, the Bengaluru-based firm said in a statement. The Gen 3 portfolio, comprising S1 Pro 3 kWh, S1 Pro 4 kWh, S1 Pro+ 4 kWh, S1 X 2 kWh, S1 X 3 kWh, S1 X 4 kWh and S1 X+ 4 kWh, represents the majority of the company's current sales, it added. As a result, this certification is set to significantly enhance Ola Electric's profitability from Q2 FY26 onwards, it noted. "Securing PLI certification for our Gen 3 scooters, which form the bulk of our sales, is a critical step towards profitability. This will directly strengthen our cost structure and margins, enabling us to deliver sustainable growth," a ..

Ola Electric's AGM: Shareholders approve reallotment of IPO funds

Ola Electric on Friday said it has secured shareholders' approval on the reallocation of funds raised through IPO, unlocking capital to drive the next phase of growth, and further strengthening the balance sheet. The Bengaluru-based firm on Friday concluded its first AGM since going public in 2024. As per exchange filings, 99 per cent of shareholders voted in favour of the resolution to reallocate IPO proceeds, signalling investor trust in the company and its long-term vision. This will fully meet the company's near-term organic growth capital requirements, it added. In order to fuel the next phase of growth for the business, the company has strategically reallocated funding for organic growth initiatives, general corporate purposes, and debt repayment, it said. After the reallocation of funds, the unutilised amount is as follows: Rs 1,049 crore for R&D investment, Rs 901 crore for organic growth initiatives, Rs 395 crore for debt repayment/prepayment, and Rs 248 crore for general

Datanomics: Range anxiety persists despite healthy EV charging on NHs

The penetration of four-wheeler EVs (e4W) in India stood at 2 per cent in 2024, lower than the global average of 18 per cent

Ola Electric, TVS charge up plans to beat rare-earth magnet crunch

Ferrite magnets are now globally considered a viable and cost-effective option due to their easy availability instead of rare-earth materials like neodymium, making it an affordable option

Ola Electric shares soar 18% even as Q1 loss widens; Here's why

Ola Electric shares rose over 9 per cent even after the company's net loss widened in the first quarter of the current financial year

India's lithium-ion battery demand to reach 115 GWh by 2030: ICEA

EVs to drive India's lithium-ion battery demand to 115 GWh by 2030, ICEA report says, warning of $5 bn import exposure and underutilised recycling capacity

Stocks to Watch today, Wednesday, July 9: Ola, Tata Motors, Dixon Tech

Stocks to Watch today, July 9, 2025: 5paisa Tata Motors, Dixon Technologies and Ola Electric are some of the top stocks to watch today

Ola Electric's Bhavish Aggarwal topped up collateral as shares tumbled

Aggarwal had raised ₹2.5 bn for generative AI venture Krutrim Data Center Pvt. by pledging Ola Electric equity and he voluntarily put in the extra money since March as the shares dipped below ₹50 each

Ola Electric begins deliveries of Roadster X electric motorcycles

Ola Electric on Friday said it has commenced deliveries of its Roadster X portfolio of motorcycles, along with offers worth Rs 10,000 for the first 5,000 customers. The prices of the Roadster X series start at Rs 99,999 for the 2.5kWh variant, Rs 1,09,999 for the 3.5kWh variant, and Rs 1,24,999 for the 4.5kWh model, the company said in a statement. Roadster X+ 4.5kWh is priced at Rs 1,29,999, while the Roadster X+ 9.1kWh (with 4680 Bharat Cell) that has a range of 501 km/charge, is priced at Rs 1,99,999, it added. "The Roadster X is a bold leap, marking our entry into the motorcycling segment. The Roadster X is designed, engineered, and built in India, for a generation that wants to ride the bike of the future," Ola Electric Chairman and MD, Bhavish Aggarwal, said. With deliveries starting today, the Roadster X would unlock the true potential of EVs in the two-wheeler category, accelerating EV adoption and penetration, he added. Ola Electric said the first 5,000 customers will g

From warehouses to local stores: Ola Electric shifts gear amid row

In addition to cost savings, these changes have resulted in reducing average vehicle inventory from 35 to 20 days, and reducing delivery time for customers from 12 days to 4 days