Ola Electric claims cost reduction program will save ₹90 crore a month, achieve EBITDA break even for next quarter
1 week, 1 day ago

Ola Electric claims cost reduction program will save ₹90 crore a month, achieve EBITDA break even for next quarter

Hindustan Times  

Ola Electric announced on Wednesday that it has successfully finished implementing a company-wide cost cutting program, resulting in savings of ₹90 crore a month. One of the Ola Electric employees seen at the EV maker's assembly line at its facility Futurefactory near Chennai, developing the S1 and S1 Pro electric scooters. Dubbed the Network Transformation and Opex Reduction Program, its actions include shutting regional warehouses and shipping vehicles, spare parts and accessories from the factory directly to stores, as well as automating registrations and other processes. The announcement comes at a time when the company has been facing a myriad of issues such as transport authorities across various states conducting raids, closing showrooms, seizing vehicles and sending show-cause notices due to the stores for allegedly not having trade certificates.

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History of this topic

Ola Electric under scrutiny over mismatching sales and registration data: Report
14 hours, 15 minutes ago

Ola Electric under scrutiny over mismatching sales and registration data: Report

Hindustan Times  

Ola Electric is currently facing increased regulatory scrutiny with the Ministry of Heavy Industries seeking details about discrepancies between the its reported sales and actual vehicle registrations. Ola Electric's S1 Air e-scooters are pictured inside its manufacturing facility in Pochampalli in the southern state of Tamil Nadu, August 15, 2023. As part of the probe, Maharashtra RTO officials inspected multiple …

Explained: Why Ola Electric shares gained 14% today after hitting record low
3 days, 2 hours ago

Explained: Why Ola Electric shares gained 14% today after hitting record low

India Today  

Ola Electric shares jumped nearly 14% today after hitting a record low in the last session. Ola Electric had dropped in the previous session after Rosmerta Digital Services filed an insolvency petition against the company, accusing it of not paying for services. Kranthi Bathini, director of equity strategy at WealthMills Securities, said, "Ola Electric has been in a downtrend post …

Ola Electric shares hit 52-week low after insolvency petition by creditor
3 days, 18 hours ago

Ola Electric shares hit 52-week low after insolvency petition by creditor

Hindustan Times  

Shares of Ola Electric Mobility Ltd tanked over 7 per cent on Monday morning after the firm 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. Ola Electric's S1 Air e-scooters are pictured inside its manufacturing facility in Pochampalli in the southern state …

Ola Electric shares tumble over 7%; hit 52-week low
3 days, 18 hours ago

Ola Electric shares tumble over 7%; hit 52-week low

The Hindu  

Shares of Ola Electric Mobility Limited tanked over 7% on Monday morning after the firm said its vehicle registration service provider Rosmerta Digital Services Limited has sought the initiation of insolvency proceedings against its wholly-owned arm Ola Electric Technologies Private Limited. Rosmerta Digital Services Limited, an operational creditor of Ola Electric Technologies Private Limited.” The petition has been submitted before …

Ola Electric share price drops 6% amid insolvency proceedings against subsidiary by Rosmerta Digital Services
Trending News
3 days, 21 hours ago

Ola Electric share price drops 6% amid insolvency proceedings against subsidiary by Rosmerta Digital Services

Live Mint  

Ola Electric share price slumped almost 6% during Monday's trading session after Rosmerta Digital Services Ltd, its vehicle registration service provider, announced on Saturday that it intends to initiate insolvency proceedings against Ola's wholly-owned subsidiary, Ola Electric Technologies Pvt Ltd. Rosmerta Digital Services Ltd, which is an operational creditor of Ola Electric Technologies Pvt Ltd, has filed a petition under …

Ola Electric share price falls below Rs 50 after insolvency petition. What next?
Top News
4 days, 2 hours ago

Ola Electric share price falls below Rs 50 after insolvency petition. What next?

India Today  

Ola Electric shares tumbled nearly 7% on Monday, sinking below Rs 50 for the first time. The slump came after the company revealed that an insolvency petition had been filed against its subsidiary, Ola Electric Technologies. Ola Electric issued a statement to stock exchanges, saying: "We wish to inform you that a petition has been filed under Section 9 of …

Ola Electric share price falls over 7%: Should you sell, buy or hold?
4 days, 2 hours ago

Ola Electric share price falls over 7%: Should you sell, buy or hold?

India Today  

Ola Electric shares tanked over 7% on Monday, hitting a 52-week low and sinking below Rs 50 for the first time. The fall came after the company disclosed that an insolvency petition had been filed against its subsidiary, Ola Electric Technologies. The National Company Law Tribunal in Bengaluru received a petition from M/s Rosmerta Digital Services, an operational creditor, accusing …

Ola Electric’s scooter deliveries hit as it renegotiates contracts with vehicle registration agencies to cut costs
1 week ago

Ola Electric’s scooter deliveries hit as it renegotiates contracts with vehicle registration agencies to cut costs

Live Mint  

Ola Electric Mobility Ltd’s decision to renegotiate contracts with two of India’s largest vehicle registration agencies last month has resulted in prolonged delays in the deliveries of its scooters, according to store managers and complaints posted by buyers on social media. The waiting period for the company’s electric scooters increased to 20-45 days from 5-7 days before February, managers at …

Ola Electric becomes first 2W EV manufacturer to bag PLI incentives
2 weeks ago

Ola Electric becomes first 2W EV manufacturer to bag PLI incentives

The Hindu  

Ola Electric, India's largest electric vehicle company, has achieved a significant milestone by becoming the first two-wheeler automotive electric vehicle manufacturer in India to receive incentives under the Production Linked Incentive Scheme for Automotive and Auto Component. The PLI-Auto Scheme, launched by the Government of India, aims to boost domestic manufacturing in the automotive sector and promote the adoption of …

Ola Electric misses battery production deadline despite PLI ACC scheme support; Stock down 6.8% in last five sessions
Trending News
2 weeks, 2 days ago

Ola Electric misses battery production deadline despite PLI ACC scheme support; Stock down 6.8% in last five sessions

Live Mint  

The Bhavish Aggarwal-led electric vehicle maker Ola Electric Mobility Limited announced on Tuesday, March 4, that it had missed the deadline for the “Programme Agreement” between the Ministry of Heavy Industries and a wholly-owned subsidiary of the automaker. Ola Electric will be the first to commercially manufacture lithium-ion cells in India under the government's ACC PLI scheme, the spokesperson added. …

Ola Electric to lay off 1,000 to control losses: Report
2 weeks, 3 days ago

Ola Electric to lay off 1,000 to control losses: Report

Hindustan Times  

Ola Electric Mobility Ltd is laying off more than a thousand employees and contract workers, reports Bloomberg. Ola Electric CMD Bhavish Aggarwal addresses the media during the announcement of the company's initial public offering, in Mumbai. Ola is also automating parts of its customer relations operations and the layoff plans may even change over time as per business needs. Though …

Ola Electric shares crash 5% to 52-week low amid reports of over 1,000 job cuts by company
2 weeks, 3 days ago

Ola Electric shares crash 5% to 52-week low amid reports of over 1,000 job cuts by company

Live Mint  

Shares of two-wheeler electric vehicle manufacturer Ola Electric crashed 5% to a fresh 52-week low on Monday, March 3, amid reports that Bhavish Aggarwal-led company is looking to lay off over a thousand employees and contract workers to contain losses. This would be the second round of job cuts in under five months by Ola Eletric, which reportedly laid off …

Explained: Why Ola Electric shares fell over 5% to hit 52-week low today
Top News
2 weeks, 4 days ago

Explained: Why Ola Electric shares fell over 5% to hit 52-week low today

India Today  

Ola Electric Mobility shares took a beating on Monday, sinking over 5% to a new record low. The latest fall comes after a report claimed that Ola Electric is gearing up to fire 1,000 employees to cut down on losses. The news pushed Ola Electric’s stock down to its 52-week low of Rs 54. Ola Electric is also trying to …

Ola Electric to lay off over a thousand employees amid declining sales
2 weeks, 4 days ago

Ola Electric to lay off over a thousand employees amid declining sales

New Indian Express  

MUMBAI: Electric two-wheeler manufacturer Ola Electric is laying off over a thousand employees and contract workers as part of a cost-cutting measure to address mounting losses. When contacted, an Ola Electric spokesperson said, “We have restructured and automated our front-end operations, delivering improved margins, reduced costs, and enhanced customer experience while eliminating redundant roles for better productivity.” In November last …

Ola Electric likely to cut over 1,000 jobs amid rising losses: Report
Top News
2 weeks, 4 days ago

Ola Electric likely to cut over 1,000 jobs amid rising losses: Report

India Today  

Ola Electric Mobility Ltd is planning to lay off over 1,000 employees and contract workers as the company looks to reduce its growing losses, according to a report by Bloomberg. LOSSES AND MARKET CHALLENGES Ola Electric went public in August 2023 but has faced multiple challenges since then. On March 1, Ola Electric informed Indian stock exchanges that it had …

Ola Electric’s sales plunge in a shrunk market. But its data says otherwise.
2 weeks, 6 days ago

Ola Electric’s sales plunge in a shrunk market. But its data says otherwise.

Live Mint  

New Delhi: Ola Electric Technologies Ltd’s monthly registrations fell to a near three-year low in February while its legacy rivals raced to grab a larger share of India’s shrunk electric two-wheeler market. TVS Motor sold 17,605 electric bikes and scooters, claiming a 24.5% market share in February, followed by Ola Electric’s closest new-age rival Ather Energy that registered 11,130 vehicles, …

Ola Electric Mobility share price hits 52-week low after THIS Vahan portal registration update
1 month ago

Ola Electric Mobility share price hits 52-week low after THIS Vahan portal registration update

Live Mint  

Stock Market Today: Ola Electric Mobility share price hits 52-week low during the morning trades on Wednesday. The same was after the Vahan portal registration update Ola Electric Mobility share price movement Ola Electric Mobility share price opened at ₹59.34 on the BSE on Wednesday, lower than the previous days close of ₹60.34. The Ola Electric Mobility share price thereafter …

Ola Electric needs to sell 50,000 EVs a month to be profitable: Bhavish Aggarwal
1 month, 1 week ago

Ola Electric needs to sell 50,000 EVs a month to be profitable: Bhavish Aggarwal

Live Mint  

New Delhi: Homegrown electric two-wheeler maker Ola Electric will need to consistently sell 50,000 units every month in order to achieve profitability, its founder and chief executive officer Bhavish Aggarwal said on Friday. Speaking at an analyst call after the company’s December quarter earnings, Aggarwal said that Ola Electric sold 25,000 units in January, with which he claimed that the …

Ola Electric Q3 Results: Net loss widens to ₹564 crore, revenue drops 19% YoY
1 month, 1 week ago

Ola Electric Q3 Results: Net loss widens to ₹564 crore, revenue drops 19% YoY

Live Mint  

Ola Electric Q3 Results: Electric two-wheeler maker Ola Electric Mobility on Friday reported a net loss of ₹564 crore for the third quarter of FY25. In the quarter ended September 2024, Ola Electric Mobility posted a net loss of ₹495 crore. In January, we’re back to market leadership with an expected gross margin of approx 26%, up from 20.4% in …

Ola Electric launches Roadster X and X+ electric motorcycles: Price, specs, features
1 month, 2 weeks ago

Ola Electric launches Roadster X and X+ electric motorcycles: Price, specs, features

Hindustan Times  

Ola Electric Mobility Ltd has launched its new Roadster X and Roadster X+ electric motorcycles on Wednesday. Ola Electric founder Bhavish Aggarwal and head designer Kripa Ananthan unveiled the new Ola Electric motorcycles This comes after the company unveiled its latest Gen 3 S1 electric scooter range on January 31. The new Roadster X comes with 2.5, 3.5, and 4.5 …

Ola Electric to launch Roadster X electric motorcycle today: Specs and price
1 month, 2 weeks ago

Ola Electric to launch Roadster X electric motorcycle today: Specs and price

Hindustan Times  

Ola Electric Mobility Ltd will unveil its Roadster X electric motorcycle on Wednesday at 10:30 am. Ola Electric founder Bhavish Aggarwal initially presented the company's three new bikes on August 15, 2024 This comes after the company unveiled its latest Gen 3 S1 electric scooter range on January 31. It also gets advanced regen, cruise control, DIY Mode, TPMS alerts, …

Ola Electric Gen 3 electric scooter range unveiled: Price, features, range, other details
Trending News
1 month, 2 weeks ago

Ola Electric Gen 3 electric scooter range unveiled: Price, features, range, other details

Hindustan Times  

Ola Electric Mobility Ltd unveiled its new Gen 3 electric scooter range on Friday, January 31, 2025. Ola Electric has also opened 4,000 stores and service centres across India by December 2024, Aggarwal announced during the presentation. Aggarwal also announced that Ola Electric now has a 25 per cent market share in India. At 10:35 am IST shortly before the …

Ola Electric stock bounces back with 4.5% gain after 3-day slump, still down 15% in January
Trending News
2 months ago

Ola Electric stock bounces back with 4.5% gain after 3-day slump, still down 15% in January

Live Mint  

Shares of Ola Electric Mobility, India's leading two-wheeler electric vehicle manufacturer, staged a strong rebound in trade on Tuesday, January 14, ending their three-day losing streak. Ola Electric share price opened today’s session at ₹71.50 apiece and continued to surge, reaching a day’s high of ₹73.46—a 4.61% gain compared to the previous closing price of ₹70.18. In a letter shared …

Stocks to Watch: Vedanta, Ola Electric, Avenue Supermarts, PCBL, and more
2 months, 1 week ago

Stocks to Watch: Vedanta, Ola Electric, Avenue Supermarts, PCBL, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Avenue Supermarts: Avenue Supermarts Ltd., the operator of the DMart retail chain, reported a 4.8 percent year-on-year rise in net profit to ₹723.7 crore for the quarter ended December 31, 2024. Just Dial: Local search engine Just Dial Ltd. reported a robust 42.7 percent year-on-year increase …

SEBI warns Ola Electric on disclosure norms violations
2 months, 1 week ago

SEBI warns Ola Electric on disclosure norms violations

New Indian Express  

MUMBAI: The markets regulator SEBI has issued an administrative warning to electric two-wheeler maker Ola Electric Mobility for violating disclosure norms. Following the news Ola Electric shares tanked 4 per cent to Rs 76.14 but later recovered and closed flat at Rs 79.54. The SEBI warning came Wednesday after Bhavish Aggarwal, the chairman and managing director of the firm, had …

Will Ola Electric Mobility's motorcycle bet pay off?
2 months, 2 weeks ago

Will Ola Electric Mobility's motorcycle bet pay off?

Live Mint  

Ola Electric Mobility Ltd's stock has fallen by nearly 10% after it said on 25 December that it would expand its network to 4,000 outlets from 800 to improve customer service. Even though the current penetration of electric scooters is just about 21.4% in total scooter sales as of September, the fact remains that Ola allowed incumbent internal combustion engine …

Ola Electric share price tumbles 3% after resignation of top officials
2 months, 2 weeks ago

Ola Electric share price tumbles 3% after resignation of top officials

Live Mint  

Ola Electric Mobility share price fell over 3 per cent to ₹87.35 during the early trading session on Monday, December 30 after the resignation of Chief Marketing Officer Anshul Khandelwal and Chief Technology and Product Officer Suvonil Chatterjee. Ola Electric Mobility announced the resignation of its CTO and CMO, effective immediately, from Friday, December 27. “We hereby inform you that …

Ola Electric Mobility share price rises 5% as firm expands network to 4,000 stores
2 months, 3 weeks ago

Ola Electric Mobility share price rises 5% as firm expands network to 4,000 stores

Live Mint  

Ola Electric Mobility share price rose by 5% in morning trade on Thursday, December 26, following the company's announcement of a major expansion to 4,000 stores. Four-fold increase in Ola's network Ola Electric highlighted that it has opened more than 3,200 new stores co-located with service centres, making it India’s largest EV expansion in one go. The expansion by Ola …

Explained: Why Ola Electric share price surged 6% in early trade
2 months, 3 weeks ago

Explained: Why Ola Electric share price surged 6% in early trade

India Today  

Ola Electric Mobility's share price gained 6% after it announced a significant expansion of its retail footprint. The company aims to enhance electric vehicle adoption by extending its reach beyond tier-1 and tier-2 cities to smaller towns and tehsils across India. Earlier this month, Ola Electric received a showcause notice from the Central Consumer Protection Authority for additional documents regarding …

Ola Electric store count to touch 4,000 this Christmas; CEO Bhavish Aggarwal eyes presence in ’every town, city, tehsil’
3 months ago

Ola Electric store count to touch 4,000 this Christmas; CEO Bhavish Aggarwal eyes presence in ’every town, city, tehsil’

Live Mint  

Ola Electric Mobility has announced that it will expand its stores to 4,000 locations on Christmas, December 25. “Ola Electric is set to expand its sales and service network to 4,000 on December 25th, marking one of the fastest rollouts of EV distribution globally. With 3,200 new stores complementing its existing footprint, Ola Electric is bringing its portfolio of affordable, …

‘Ola toh Ola hai, Chetak shola hai’: Rajiv Bajaj takes dig at Ola Electric
3 months, 1 week ago

‘Ola toh Ola hai, Chetak shola hai’: Rajiv Bajaj takes dig at Ola Electric

Live Mint  

Bajaj Auto's Chief Executive Officer Rajiv Bajaj took a swipe at rival Ola on Saturday, December 7, noting that the Bajaj Chetak was now the largest-selling EV scooter in India. So, the award could not be better timed,” Bajaj told CNBC-TV18 during the award ceremony Market share battle Ola Electric led the electric two-wheeler market with close to 24.5 per …

Why Ola Electric share price jumped today? 3 factors behind strong rally
3 months, 2 weeks ago

Why Ola Electric share price jumped today? 3 factors behind strong rally

India Today  

Shares of Ola Electric Mobility extended their winning streak on Tuesday, rising nearly 7% in intraday trade to touch Rs 101.42 on the Bombay Stock Exchange. Over the past five trading sessions, Ola Electric shares have gained nearly 28%, recovering sharply from their 52-week low of Rs 66.60. STORE EXPANSION BOOST Ola Electric's CEO Bhavish Aggarwal has unveiled an ambitious …

OLA Electric stock rebounds 15% from day’s low amid aggressive store expansion push—details here
3 months, 2 weeks ago

OLA Electric stock rebounds 15% from day’s low amid aggressive store expansion push—details here

Live Mint  

Despite starting today’s trading session on a weak note, falling 7 per cent, OLA Electric shares staged a strong recovery, erasing early losses to trade at ₹93.70 apiece, up 7 per cent from the previous close of ₹87.41. Despite the drop, OLA Electric retained its leadership position in the electric two-wheeler segment, holding a market share of 24.54 per cent …

Explained: Why Ola Electric share price jumped after falling 5% in early trade
3 months, 2 weeks ago

Explained: Why Ola Electric share price jumped after falling 5% in early trade

India Today  

Shares of Ola Electric have recovered sharply after tumbling 5.5% in early trade on Monday, following a sharp 33% drop in November sales to 27,746 units. However, shares of Ola Electric witnessed a sharp recovery at around 11:11 am, trading 3.01% higher at Rs 90.05. Despite the drop in sales, Ola retained its leadership with a 25.09% market share in …

Ola Electric share price jumps over 6% after key update from CEO
3 months, 2 weeks ago

Ola Electric share price jumps over 6% after key update from CEO

India Today  

Shares of Ola Electric surged over 6% on December 2 after CEO Bhavish Aggarwal announced a major expansion plan for the company’s retail presence. At 2:11 pm on December 2, Ola Electric's stock had gained 6.27%, trading at Rs 92.90 per share, with a day high of Rs 93.7. The surge in shares follows a 30% rally over recent trading …

Ola Electric stock extends gains to 5th straight day, jumps another 6% to 7-week high
3 months, 2 weeks ago

Ola Electric stock extends gains to 5th straight day, jumps another 6% to 7-week high

Live Mint  

Stock Market Today: Ola Electric share price continued its winning streak for the fifth consecutive session, rising another 6.24% in morning trade on Thursday, November 28, to a seven-week high of ₹93.60 apiece. In another positive development, global brokerage firm Citi Research initiated coverage on Ola Electric stock with a ‘buy’ rating and a target price of ₹90 per share. …

Ola Electric shares continue positive rally, rise above Rs 90. Time to buy?
3 months, 3 weeks ago

Ola Electric shares continue positive rally, rise above Rs 90. Time to buy?

India Today  

Ola Electric Mobility Ltd extended its rally on Thursday, with shares rising over 6% to hit a high of Rs 93.60 in early trade. The brokerage had initiated coverage with a 'Buy' rating, citing Ola Electric’s dominance in the Indian electric two-wheeler market and its long-term growth potential. Citi highlighted Ola Electric’s leadership position with a 38% market share in …

Explained: Ola Electric share price jumped 13% today
Trending News
3 months, 3 weeks ago

Explained: Ola Electric share price jumped 13% today

India Today  

Shares of Ola Electric Mobility surged on Wednesday, climbing as much as 13% in intraday trading following the announcement of its new range of electric scooters. On November 26, Ola Electric announced the launch of four new electric scooters: Ola Gig, Ola Gig+, Ola S1 Z, and Ola S1 Z+, priced at Rs 39,999, Rs 49,999, Rs 59,999, and Rs …

Ola Electric share price jumps 18%: Should you buy now or wait?
Top News
3 months, 3 weeks ago

Ola Electric share price jumps 18%: Should you buy now or wait?

India Today  

Shares of Ola Electric Mobility Ltd surged nearly 18% on Wednesday, touching an intraday high of Rs 87.90 before settling at Rs 86.15, a gain of 17.26%. OLA ELECTRIC STOCKS GAIN TODAY The rally in Ola Electric shares followed the company’s announcement of its new electric scooter lineup, which aims to make EVs more accessible across various segments. The newly …

Ola Electric cuts 500 jobs across verticals
Trending News
3 months, 3 weeks ago

Ola Electric cuts 500 jobs across verticals

Deccan Chronicle  

New Delhi: Ola Electric Mobility is cutting 500 jobs across verticals and levels as part of a restructuring exercise, according to people aware of the development. It has been a gradual process of removing redundant roles across verticals and levels,” said a source. Ola Electric is looking to optimise workforce with an aim to improving margins and enhance profitability, the …

Ola Electric layoffs: Here's why Bhavish Aggarwal-led company is set to cut 500 job
3 months, 3 weeks ago

Ola Electric layoffs: Here's why Bhavish Aggarwal-led company is set to cut 500 job

Firstpost  

This development comes amid heightened scrutiny over Ola Electric’s after-sales service quality and safety issues that have been plaguing the products of the two-wheeler manufacturer Ola’s sales volumes dropped by almost 25 per cent in the first half of this fiscal year — down to around 483,000 units from 643,000 units a year earlier. File image Bhavish Aggarwal-led Ola Electric …

Ola Electric may lay off 500 workers as company faces financial challenges: Report
3 months, 3 weeks ago

Ola Electric may lay off 500 workers as company faces financial challenges: Report

Hindustan Times  

Ola Electric Mobility Limited is now planning to lay off more than 500 employees across various roles as part of a new restructuring exercise to try to become profitable, Moneycontrol reported citing unnamed sources. Ola Electric CMD Bhavish Aggarwal addresses the media during the announcement of the company's forthcoming initial public offering, in Mumbai HT couldn't independently verify the information. …

Ola Electric layoffs: 500 employees likely to lose jobs amid restructuring
3 months, 3 weeks ago

Ola Electric layoffs: 500 employees likely to lose jobs amid restructuring

India Today  

Ola Electric is reportedly preparing for a restructuring drive that could impact over 500 employees, representing more than 12% of its 4,000-strong workforce, reported Business Standard. In its first post-IPO financial results for Q2 FY25, Ola Electric reported a 38.5% year-on-year revenue growth to Rs 1,240 crore, primarily driven by a 73.6% increase in deliveries. Ola Electric’s network of 782 …

Ola Electric laying off 500 employees in restructuring move
Trending News
3 months, 3 weeks ago

Ola Electric laying off 500 employees in restructuring move

Live Mint  

Electric two-wheeler maker Ola Electric is set to let go of nearly 500 employees across teams as part of a restructuring exercise to improve margins and profitability prospects, a person in the know of the matter told Mint. The development comes months after Ola Electric’s sister company Ola Consumer, formerly Ola Cabs, announced a restructuring exercise in April that would …

Ola Electric Layoffs: EV Firm Plans To Fire 500 Employees Amid Restructuring, Says Report
3 months, 3 weeks ago

Ola Electric Layoffs: EV Firm Plans To Fire 500 Employees Amid Restructuring, Says Report

ABP News  

Ola Electric Layoffs: Ola Electric is reportedly planning to start a restructuring initiative that will impact over 500 employees across various roles within the organisation. This development comes seven months after Ola Electric’s sister company, Ola Consumer, announced plans for a restructuring that would impact at least 10 per cent of its staff. Earlier this month, Ola Electric released its …

Ola Electric faces govt probe amid complaints over service standards
4 months ago

Ola Electric faces govt probe amid complaints over service standards

Hindustan Times  

The Bureau of Indian Standards will probe Ola Electric, the country’s largest maker of e-scooters, for deficient services and product quality, an official said on Thursday. The move comes after CCPA’s notice to Ola Electric last month, seeking a response from the SoftBank-backed company over more than 10,000 complaints from customers on the National Consumer Helpline. Angry customers recently took …

More trouble for Ola Electric, faces investigation over service standards: Report
Trending News
4 months, 1 week ago

More trouble for Ola Electric, faces investigation over service standards: Report

India Today  

The country's leading certification agency, the Bureau of Indian Standards, is set to investigate Ola Electric over alleged deficiencies in service standards and product quality, according to Consumer Affairs Secretary Nidhi Khare. In October, the CCPA requested Ola Electric to explain why it had received nearly 10,000 complaints from customers. The rising volume of complaints has brought regulatory scrutiny upon …

Ola Electric to launch new EVs every quarter, expand store network to 2,000 by 2025
4 months, 1 week ago

Ola Electric to launch new EVs every quarter, expand store network to 2,000 by 2025

New Indian Express  

MUMBAI: Ola Electric, India’s largest electric two-wheeler manufacturer, is ramping up its expansion efforts with plans to launch one new product every quarter and increase its company-owned stores to 2,000 by March 2025. “Over the next two years, we will be launching 20 products, with at least one new product launch every quarter,” stated Ola Electric in its latest investor …

Ola Electric Q2 Results: Firm posts net loss of ₹495 crore; revenue rises 39% y-o-y
4 months, 1 week ago

Ola Electric Q2 Results: Firm posts net loss of ₹495 crore; revenue rises 39% y-o-y

Live Mint  

Electric two-wheeler maker Ola Electric Mobility posted a consolidated net loss of ₹495 crore for the September 2024 quarter on Friday, November 8. The loss narrowed from ₹524 crore a year earlier, but widened over ₹347 crore in the June 2024 quarter. In an earnings call with investors after the results, Ola Electric CEO Bhavish Aggarwal said the company was …

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