Page 4 - Ola Electric Vehicles

Ola Electric addresses sales discrepancies, vows to clear backlog

The company's clarification came amid sales figure mismatch, consumer complaints

Govt directs ARAI to investigate Ola Electric's sales mismatch, complaints

The Heavy Industries Ministry has directed Automotive Research Association of India (ARAI) to probe the mismatch between Ola Electric's reported sales figures and actual vehicle registrations along with numerous consumer complaints against the Bhavish Aggarwal-owned electric two-wheeler maker and submit a report within 15 days, sources said. While the total number of registrations by Ola Electric on the Vahan portal for February stood at 8,652, the company had reported sales of over 25,000 units during February 2025. As of March 20, the company's registrations stood at 11,781 on the Vahan portal. Ola Electric is a beneficiary of the FAME II and PM E-DRIVE schemes and its eligibility certificate has been provided by ARAI, a certification and testing agency under the administrative control of the ministry. "It is the responsibility of ARAI to ensure that the guidelines of the PM E-DRIVE Scheme are followed. The ARAI will probe the sales figures mismatch and also the consumer complaint

Ola Electric under govt scanner over sales, registration discrepancies

Ola Electric is under government scrutiny as officials probe a major gap between its reported sales of 25,000 scooters and 8,600 actual registrations in February

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?

Debendra Pradhan, PM Modi podcast, Ola Electric, Adani, US attack on Houthis & more

Veteran BJP leader Debendra Pradhan and father of Union Education Minister Dharmendra Pradhan passed away today at the age of 84 to age-related ailments.

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

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 becomes first 2W EV manufacturer to bag PLI incentives

Ola Electric, India's largest electric vehicle company, has achieved a significant milestone by becoming the first two-wheeler automotive electric vehicle (EV) manufacturer in India to receive incentives under the Production Linked Incentive (PLI) Scheme for Automotive and Auto Component (PLI-Auto Scheme). The company has been granted a total incentive of Rs 73.74 crore for the Determined Sales Value of FY 2023-24 under the scheme, according to a stock exchange filing by the company. The PLI-Auto Scheme, launched by the Government of India, aims to boost domestic manufacturing in the automotive sector and promote the adoption of advanced, clean, and sustainable mobility solutions. Ola Electric's eligibility for the incentive underscores its leadership in India's EV revolution and its commitment to developing a robust local manufacturing ecosystem. "We wish to inform you that, Ola Electric Technologies Private Limited, a wholly-owned subsidiary of Ola Electric Mobility Limited, has

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

Bajaj Auto, Hero MotoCorp, Ola Electric hit 52-week lows; here's why

These two-wheeler makers' stocks have plunged between 40 per cent and 66 per cent from their respective 52-week highs

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, 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

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 ...

Matel teams up with Honda Power Pack for swappable EV battery solutions

Matel Motion & Energy Solutions on Wednesday said it has partnered with Honda Power Pack Energy India to integrate its ePowertrain with the latter's swappable battery solution. This collaboration aims to provide electric vehicle (EV) manufacturers with swappable battery solutions, Matel Motion & Energy Solutions Pvt Ltd (Matel) said in a statement. "This initiative will play a crucial role in driving EV adoption across India by providing a practical and cost-effective solution for vehicle manufacturers and users alike," Matel Co-founder and Director of Business Development & Partnerships, Netaji Patro said. The introduction of swappable battery technology addresses challenges of range limitations and lengthy charging time, particularly in the commercial segment where operational downtime translates to lost revenue, by enabling users to exchange depleted batteries for fully charged units at designated swapping stations in minutes. Honda's swappable battery, backed by ...