Page 5 - Ola Electric Vehicles

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 ...

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 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 ...

Bhavish Aggarwal injects Rs 2K cr into Krutrim, open-sources its AI

Will invest Rs 10,000 cr more by next year, says Krutrim founder

E2W race: Ola Electric reclaims driver's seat; TVS, Bajaj stay on its tail

Ola Electric's twin gamble of offering attractive discounts throughout the month, along with its substantial expansion in distribution

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.

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

Ola Electric share tanks 5% on Sebi's administrative warning; details here

The fall in Ola Electric share price came after the markets regulator Securities and Exchange Board of India (Sebi) issued an administrative warning letter over disclosure violations

Ola Electric Powers Up: Expands to 4,000 stores, share price zooms 6%

The rally in Ola Electric share price came after the company announced that it has expanded its network to 4,000 stores nationwide, registering a four-fold increase from the existing network

Ola Electric to expand sales, service network to 4,000 outlets on Dec 25

Ola Electric on Thursday said it will expand its sales and service network to about 4,000 outlets on December 25. With over 3,200 new stores complementing its existing footprint, the Bengaluru-based firm is bringing its portfolio of electric vehicles (EVs) closer to consumers across metros, Tier-2, and Tier-3 towns, Ola Electric said in a statement. The company has launched #SavingsWalaScooter campaign, an initiative to bring EVs closer to every Indian household, it added. Co-located with service facilities, these stores will ensure customers receive sales and after-sales support, it added. "By leveraging its direct-to-consumer (D2C) model, Ola is ensuring that EV ownership becomes a reality for every household, breaking barriers to adoption and offering relief from rising petrol prices and high cost of ownership of ICE vehicles," the company said. Ola has recently expanded its product portfolio with the launch of Gig and S1 Z scooter ranges. With introductory prices starting at

Ola Electric fires up plans for 4,000 store locations by end-December

Marks 4x increase with 3,200 new outlets joining 800 existing stores

Ola Electric to add around 3,200 new showrooms by December 20 to push sales

Currently, Ola operates around 800 stores and with the new additions, the number of outlets, which will also function as service centres, will reach 4,000

Rivals press the accelerator as Ola Electric's e2W market share shrinks

Electric scooter registrations for the first time crossed the 1 million mark in a year in CY 2024 and stood at 1.03 million at the end of November

Ola Electric Mobility hits 20% upper limit on new launches, Citi report

Shares of the company ended at Rs 88.2, extending its two-day advance to 27 per cent. Initiating coverage on the stock, Citi set a target price of Rs 90

Ola Electric, Adani Green, GMR Power, 384 more stocks hit upper limit today

Paras Defence, Ravindra Energy, Zaggle Prepaid Ocean Services, Oriental Rail Infrastructure, Puravankara and Veritas (India) from the BSE Smallcap index have locked in upper circuit.

Ola Electric launches Gig, S1 Z range of scooters, price start at Rs 39,999

Ola Electric has launched its new range of scooters Gig and S1 Z. Deliveries for the Ola Gig and Ola S1 Z series are scheduled to begin in April and May of 2025 respectively

Stocks to watch, Nov 22, 2024: Adani Group stocks, Tata Power, NTPC, LIC

Stocks to watch on November 22, 2024: Here is a list of stocks from Infosys to Hyundai Motor India which will be on radar today

Ola Electric may lay off 500 employees as part of restructuring exercise

The aim is to remove redundant roles, improve efficiency, increase margin and attain profitability, according to the sources

Ola Electric wrongly claims to solve service issues, CCPA initiates probe

The National Consumer Helpline has reportedly received over 10,000 complaints against Ole Electric regarding product quality and after-sales service in the past year

Govt to probe e-scooter maker Ola Electric over service, product standards

Last month, the Central Consumer Protection Authority sent Ola Electric seeking an explanation after the consumer rights agency received an unusually high 10,000 complaints