Page 3 - Ola Electric Vehicles

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

Ola Electric rolls out first Roadster X bike from Tamil Nadu plant

Ola Electric Mobility on Friday said it has rolled out the first Roadster X motorcycle from its Futurefactory in Krishnagiri, Tamil Nadu. The electric bike is set to hit the road this month. "The Roadster X series represents our commitment to taking the EV revolution to the next level. Today's rollout celebrates not just a new product, but a new era for us and the industry, as it represents the next phase of revolution in electric mobility," Ola Electric Chairman and MD Bhavish Aggarwal said in a statement. The Roadster X Series comes with a mid-drive motor that boosts performance and safety. Its also features a chain drive and an integrated MCU for efficient torque transfer, providing better acceleration, and improved range. The Roadster X series also features flat cables in the motorcycles -- an industry-first innovation. These cables improve packaging efficiency, reduce weight, and enhance thermal performance, improving overall durability and reliability. The Roadster X serie

Ola Electric ropes in EY to strengthen regional compliance amid expansion

Ola Electric Mobility has roped in Ernst & Young to strengthen regional compliances across its recently expanded distribution network in the country, according to sources familiar with the development. The company has initiated the move as it phases out its warehouse-based distribution system and transitions to a direct-to-store retail model. As part of this transition, Ola Electric is eliminating the intermediate warehousing layer, allowing vehicles, spare parts, and accessories to be shipped directly from the factory to stores, sources said. This shift is expected to significantly improve inventory turnover, reduce delivery time, and streamline the overall customer experience. EY will support Ola in ensuring regional compliance readiness for its growing retail footprint, the sources stated. While the specifics of EY's mandate remain under wraps, the firm is expected to play a role in standardising processes and accelerating execution across certain regional markets. Ola Electri

Nearly 90% of orders in February sales fully paid, says Ola Electric

The clarification follows reports claiming Ola included bookings for yet-to-be-launched vehicles in its Feb sales data, potentially inflating market share amid efforts to regain investor confidence

Feb sales show genuine customer demand, not token bookings: Ola Electric

Ola Electric Mobility on Tuesday clarified that its February sales represent genuine customer demand and not "token-amount bookings". The February 2025 sales announcement was based on paid and confirmed orders, not preliminary "bookings", the Bengaluru-based company said in a regulatory filing. Nearly 90 per cent of these orders were paid in full at the time of placement, Ola Electric said. This includes customer orders for the new products, Gen 3 and Roadster X, which have been available for full purchase (not just pre-booking) during February 2025, it stated. "We are issuing a proactive statement to our broader stakeholder community since we have fielded multiple inquiries about the company's February sales figures in recent days," Ola Electric said. It is essential to underscore that vehicle deliveries are sequenced to follow confirmed orders with full payment, a standard and universally-accepted industry practice, it said. Any attempt to conflate bookings with full-payment or

Ola Electric registers 23,430 units in March, showing strong demand

Ola Electric on Tuesday said it registered 23,430 units in March this year, as per the VAHAN portal, reflecting strong demand across urban and rural markets. The shift to in-house vehicle registrations in February led to temporary disruptions. While the transition continues, daily registration volumes and backlog clearance are steadily improving, the company said in a statement. "We have nearly cleared the February backlog and expect to complete the remaining February-March registrations in April 2025," it said, adding the company is scaling up its registration operations and actively coordinating with all external stakeholders to support the exercise. Ola Electric said it has also started deliveries of its Gen 3 portfolio in March 2025 and has ramped up production in March and will continue ramping it up further in April for faster deliveries and better customer experience.

Ola Electric settles dues with Rosmerta Group, NCLT pleas withdrawn

On Tuesday, Ola Electric announced that all outstanding dues have been amicably settled, resulting in Rosmerta filing for the withdrawal of the insolvency petitions from the NCLT