Ola Electric Mobility

The CCPA has provided a timeline of 15 days for the company to submit the response in respect of seeking additional documents and information

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As passenger vehicle retail sales slowed in November, companies are anticipated to maintain high discount levels to attract buyers

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

Taking the Electric revolution to the next level this month. Going from 800 stores right now to 4000 stores this month itself

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Overall sales cross 1 lakh-mark; Ola Electric has a thin lead over its rivals, accounting for 25.09 per cent share of the total registrations, followed by TVS and Bajaj

But he faces questions over sustainability and a new challenge from Honda

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

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.

The new scooters offer durable, reliable, affordable, and flexible solutions, including removable batteries, fulfilling personal and commercial use cases of rural, semi-urban, and urban customers

Ola Electric aims for wider adoption through collaboration with Ola Cabs

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

If President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases, it's likely that fewer buyers will choose EVs. Yet tax credits or not, auto companies show no intention of retreating from a steady transition away from gas-burning cars and trucks, especially given the enormous investment they have already made: Since 2021, the industry has spent at least $160 billion on planning, designing and building electric vehicles, according to the Centre for Auto Research. In campaigning for the presidency, Trump condemned the federal tax for EV buyers up to $7,500 per vehicle as part of a green new scam that would devastate the auto industry. His transition team is reportedly working on plans to abolish the tax credits and to roll back the more stringent fuel-economy rules that were pushed through by the Biden administration. It is far from clear, though, that the Trump administration could actually rescind the credits. Trump's argument o

According to reports, Bhavish Aggarwal led Ola Electric is undergoing a restructuring exercise impacting over 500 employees, approximately 12 per cent of its 4,000-strong workforce

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

City-based electric two-wheeler maker Odysse Electric on Monday said it has secured an order for 40,000 vehicles from EV-as-a-Service platform Zypp Electric as part of an investment deal. Zypp's investment is expected to bolster Odysse Electric's B2B market presence and support the expansion of its dealership network nationwide, the company said without disclosing the nature or quantum of investment. The 40,000 electric vehicles are to be supplied over the period of the next three years, Odysse said. "The new investment in Odysse Electric signifies a pivotal moment. Zypp Electric's deep industry expertise and vision of fleet electrification will significantly accelerate our nationwide expansion plans underscoring the robust B2B and consumer demand for electric vehicles," said Nemin Vora, CEO, Odysse Electric. By increasing production and enhancing distribution capabilities, Odysse aims to increase its production capacity to meet the rising demand for clean and efficient mobility an

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

Shares of Ola Electric Mobility slipped 3 per cent at Rs 70.54 per share, while declining 7.1 per cent from its initial public offering's issue price of Rs 76

Ola Electric Mobility Ltd on Friday reported a 74 per cent rise in vehicle registrations at 41,605 units in October 2024 as compared to the same month last year. The company sold over 50,000 units in October 2024, Ola Electric said in a statement. The registration numbers are as per Vahan data, it added. "The festive season has been really strong for us on the back of our expansive portfolio, uptick in consumer demand, and the strengthening of our sales network across India. We have witnessed an increase in EV adoption especially in Tier 2 and 3 markets and we are confident that this positive growth will cascade in the coming months as well," a spokesperson of Ola Electric Mobility Ltd said. The company said it has started a campaign to double its company-owned service network to 1,000 centres by December 2024. Also, as part of the network partner programme, it will onboard 10,000 partners across sales and service by the end of 2025.