Page 3 - Ola

Ola Electric denies regulatory issues, attributes low sales to backlog

Media reports claimed Ola Electric was under scrutiny as the Heavy Industries Ministry probes a gap between its reported February sales of 25,000 scooters and 8,600 Vahan registrations

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

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

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 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 Consumer turns Ebitda profitable; revenue declines 21% in FY24

Full-year Ebitda (excluding discontinued operations) grew significantly to Rs 271 crore from Rs 87 crore last year

Ola Krutrim, AceCloud to host DeepSeek's AI models on Indian servers

Indian cloud service providers Ola Krutrim and AceCloud have started offering services of Chinese artificial intelligence platform DeepSeek in the country. AceCloud was the first to announce hosting of DeepSeek. AceCloud said that it will offer DeepSeek AI models to businesses with claims that the data residency will remain in India. Krutrim claimed to be the first Indian AI company to deploy DeepSeek's AI models on domestic servers, eliminating data privacy and security concerns, at lowest ever prices. Krutrim said that it is hosting DeepSeek's AI models on Krutrim cloud. "With this, Krutrim becomes the first Indian AI company to deploy DeepSeek's AI models on domestic servers, eliminating data privacy and security concerns, at lowest ever prices," the company said in a statement. Kriutrim said that it will at present host five state-of-the-art DeepSeek AI models ranging from 8 billion to 70 billion parameters, at introductory prices ranging from Rs 10 to Rs 60 per million token

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 ...

Ola and Uber respond to CCPA notice, deny claims of fare disparity

On Thursday, the CCPA issued notices to Ola and Uber for allegedly charging different prices for identical routes based on the mobile phone operating systems (Android or iOS) of users

Ola joins Uber, denies implementing phone model-based pricing in India

Ola and Uber received notices from an Indian government consumer body on Thursday, directed by consumer affairs minister Pralhad Joshi, following media reports and complaints that Apple users pay more

CCPA notices sent to Ola, Uber over Android-iOS fare differences: Joshi

Differential pricing has stirred widespread discussion online with netizens sharing screenshots of how companies charge different prices for the same product/service from iPhones and Android users

Ola offers digital, green mobility experience for visitors at Maha Kumbh

Ride-hailing to electric mobility player Ola Group on Monday said it is offering digital and green mobility experience to millions of devotees attending the Maha Kumbh. By leveraging its comprehensive ecosystem -- Ola Electric and Ola Consumer, the group aims to offer pilgrims a seamless, sustainable, and connected experience by integrating AI, green mobility, and enhanced options for travel during the Maha Kumbh Mela, it said in a statement. Ola Founder Bhavish Aggarwal said Maha Kumbh 2025 is a reflection of India's rich traditions and aspirations for a tech-driven future. "We truly believe that the strategic intersection of AI, green mobility, and digital-first solutions will enhance the Maha Kumbh experience for millions of devotees. Our partnership with Maha Kumbh exemplifies how innovation and collaboration can enable efficient management of large gatherings with smart and sustainable solutions," he added. "We look forward to such partnerships going forward and remain committ

Sachin Bansal eyes sale of $100 mn Ola stake to focus on Navi expansion

Flipkart co-founder Sachin Bansal is in talks to sell his $100 million stake in Ola, seeking a $4 billion valuation, as he shifts focus to his fintech venture Navi amid IPO and funding efforts

Ola Electric stock plummets 5% as CTO, CMO resign citing personal reasons

Shares of Ola Electric Mobility fell 4.61 per cent at Rs 85.93 a piece on the BSE in Monday's intraday trade

8 in 10 app taxi users report dark patterns like bait-and-switch, others

4 in 10 app taxi users also confirm experiencing drip pricing, according to the survey, which said price manipulation based on user information was experienced by the consumers

Zero-commission model can raise driver incomes, says ONDC white paper

It reveals how open network models such as zero commission boost inclusive growth and strengthen local economies

Bhavish Aggarwal-led Ola Electric plans restructuring; to impact over 500

The restructuring looks to enhance operational efficiency and improve profit margins as the company works towards achieving profitability

Ola Electric sells over 50,000 units, registers 41,605 units in Oct

With a market share of 30 per cent, the company said it continues to dominate the EV 2W segment in India

CCPA orders Ola to offer refund choices, provide auto ride receipts

The Central Consumer Protection Authority (CCPA) has directed ride-hailing platform Ola to implement consumer-friendly changes, including offering refund options and providing receipts for auto rides, the regulator said on Sunday. The CCPA, led by Chief Commissioner Nidhi Khare, observed that Ola's no-questions-asked refund policy only provided coupon codes for future rides, without giving consumers a choice for bank account refunds. "This (practice) violates consumer rights," the CCPA said in a statement. "The no-question-asked refund policy cannot mean that the company incentivises people to simply use this facility for taking another ride." The regulator also mandated Ola to issue bills or invoices for all auto rides booked through its platform, citing the absence of such documentation as an "unfair trade practice" under the Consumer Protection Act, 2019. Following the CCPA's intervention, Ola has implemented several changes, including displaying contact details of grievance an

Kunal Kamra reignites feud with Ola Electric, slams CEO over refund policy

Kunal Kamra's fresh remarks come after a previous exchange in which he urged Aggarwal to share a detailed plan on how Ola intends to fix its customer service issues