Ola Electric Mobility Ltd News

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 slips 3% after CCPA soughts additional documents & information

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

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

Ola Electric share price gains 7% on plans to open 4000 stores in Dec

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

Ola Electric's Bhavish Aggarwal declares a price war in e-scooters

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

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 vrooms 8% after launching Gig and S1 Z range of scooters

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 rides into gig segment; set to launch sub-Rs 40K e-scooter

Ola Electric aims for wider adoption through collaboration with Ola Cabs

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

Ola Electric's shares gain on reports of layoff over 500 employees

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

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

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

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

Ola Electric Q2 results: Loss narrows to Rs 495 crore as sales jump

The Bengaluru-based company said its consolidated loss narrowed to Rs 495 crore ($58.7 million) in the July-September quarter from Rs 524 crore a year earlieR

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

Ola Electric vehicle registrations up 74% at 41,605 units in October

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.

Ola Electric expands service by 30%; adds over 50 centres, 500 technicians

India's biggest e-scooter maker Ola Electric has ramped up capacity at its service centres across the country by over 30 per cent to transform its service and elevate the after-sales experience of customers, sources said. The Softbank Group-backed firm, which commands nearly a third of the market share in India's e-scooter market, has added more than 50 service centres and has hired over 500 service technicians across new and existing service centres to streamline operations and clear all backlogs. The company reportedly has also onboarded Ernst & Young for service transformation, strategy, and optimisation of overall service processes. The development comes in the backdrop of some centres reporting backlogs as demand outstripped their workforce. A senior company executive, who requested not to be named, said, "The company has added over 50 centres to its service network and has onboarded more than 500 service technicians across new and existing centres across the country". "The .

Ola Electric share price dips below issue price; tanks 52% from record high

Ola Electric share price today fell 3 per cent to hit a record low of Rs 75.20