Page 3 - Ola Electric Mobility Ltd News

Ola Electric shares slip 9% on BSE; here is what is worrying investors

Ola Electric share slips in trade. Standup comedian Kunal Kamra raised concerns on e scooters on X; Ola Electric CEO Bhavish Aggarwal alleged paid tweet

Ola CEO faces backlash after heated social media exchange with Kunal Kamra

The exchange between the two began when comedian Kunal Kamra posted a picture of Ola Electric scooters gathering dust outside a dealership, apparently awaiting service

Ola founder Bhavish Agarwal, Kunal Kamra spar over service quality issues

A war of words broke out between Ola founder Bhavish Agarwal and stand-up comedian Kunal Kamra on Sunday on social media platform X over the after sales and service quality of the company's electric scooters. It started when Kamra responded to a post on X by Agarwal, who posted a photo of Ola's gigafactory, by putting a picture of several Ola Electric scooters parked together seemingly waiting for servicing. "Do Indian consumers have a voice? Do they deserve this? Two wheelers are many daily wage workers lifeline ...," Kamra wrote along with the photo. He tagged Union Road Transport and Highways minister Nitin Gadkari, asking: "Is this how Indians will get to using EV's?" The comedian also tagged the official handle of Department of Consumer Affairs, Government of India @jagograhakjago, seeking an answer saying "any word?" Kamra further wrote, "Anyone who has an issue with OLA electric leave your story below tagging all...". To this Agarwal responded, "Since you care so much ...

Ola Electric's dominance fades as Indian e-scooter battle intensifies

Ola Electric sold 23,965 vehicles in September, recording a month-on-month decline. In that period, Ola's closest rivals TVS Motor and Bajaj Auto have narrowed the gap

Ola Electric plans 10,000 outlets by 2025, targeting smaller cities

Ola Electric plans to open 10,000 sales and service outlets by 2025 - a move aimed at boosting its presence in smaller cities across India

Ola Electric, JBM Auto, Olectra vroom as govt launches PM E-drive scheme

The recently launched PM E-drive scheme will be valid for two years with a total outlay of Rs 10,900 crore, compared to FAME-2's budget of Rs 12,000 crore

26-yr-old arrested after setting Ola Electric's showroom ablaze in K'taka

The incident comes amid growing public ire over servicing at Ola Electric, India's no.1 e-scooter maker

Bhavish Aggarwal-led Ola Electric slips 4% as 30-day anchor lock in ends

The 90-day anchor investor lock in period for Ola Electric Mobility ends on November 5, 2024, for the remaining shares

Sent legal notice to MapmyIndia but didn't get reply: Ola founder

Ola Co-Founder Bhavish Aggarwal has rejected claims of copying MapmyIndia, saying the map company was attempting to ride on Ola Electric's listing coattails. The Chairman and Managing Director of Ola brand owner ANI Technologies told PTI that the company has sent legal notice to MapmyIndia but hasn't received any reply from them. "Empty vessels make more sound. These people woke up suddenly someday. Ola Electric is not even in the maps business. In the run-up to Ola electric IPO they just wanted to ride on its coattails. We have also given them legal notice, their reply has not come till date," Aggarwal said. Ola Electric got listed on the bourses on August 9. The company raised Rs 5,500 crore from its initial public offering. MapmyIndia had sent them notice on July 23-- three days before the red-herring prospectus was filed by Ola Electric. Homegrown digital navigation firm MapmyIndia has questioned claims of Ola parent ANI Technologies on developing a navigational map of India a

Roadmap to profitability laid out, electric car off table: Bhavish Aggarwal

Newly-listed Ola Electric has laid out a roadmap to profitability banking on higher volume, vertical integration of supply chain and in-house produced cells, while it has shelved plans to make electric car, according to company founder and CMD Bhavish Aggarwal. The company, which forayed into the electric motorcycle segment last week, will build products that Indians need, which are by a vast majority two-wheelers and three-wheelers, he said in an interaction with PTI editors at the agency's headquarters here. In the first quarter of this fiscal, Ola Electric's automotive segment EBITDA was almost break-even but for a one-time reversal of about Rs 30 crore it had to pay for a change in standard operating procedure in the government for PLI rules, he said, adding the cell segment is at a different stage of evolution. Ola Electric's net loss widened in the first quarter to Rs 347 crore, from Rs 267 crore in the corresponding period a year ago. In FY24, the company's net loss was at Rs

Can Ola's e-bike break ICE's dominance over India's motorcycle market?

Ola is offering its mobikes at a price more attractive than its scooters by taking advantage of the lower bill of materials cost for mobikes, which have fewer panels than scooters

I believe in creative destruction: Ola founder on new motorbike prices

Aggarwal said that people should already know how he is going to price the products and expressed confusion over why people are surprised

Ola Electric rallies for 7th straight day; zooms 107% against issue price

Ola Electric share price: While the long-term potential of Ola Electric might be appealing, the current valuation appears to be quite speculative, analyst said

Ola Electric share price rise: Madness beyond fundamentals, say analysts

Ola Electric share price target: Since its listing on August 9, Ola Electric stock has surged 92 per cent (till August 19) over its issue price of Rs 76

This recently listed IPO has zoomed 75% against its issue price in 5 days

Shares of Ola Electric Mobility were locked in the 20-per cent upper circuit at Rs 133.08, also its new high on the NSE, on Friday

Ola Cabs rebranded to Ola Consumer, CEO Aggarwal launches loyalty program

Bhavish Aggarwal also announced the relaunch of Ola Share - the ride sharing service, which will start today in Bangalore and soon expand to other cities

Ola Electric Q1 results: Loss widens to Rs 346 cr, revenue at Rs 1,644 cr

The company further announced plans to incorporate its own cell technology into its vehicles starting from Q1 of FY26

Ola Electric Q1 results: Net loss widens to Rs 347 cr, hurt by price cuts

The company, which made its trading debut last week, said its loss widened to Rs 347 crore ($41.4 million) in the April-June quarter from Rs 267 crore

Ola Electric's impressive stock market debut putting Modinomics to test

The Bengaluru-based startup is being closely watched as a proxy for the country's factory ambitions

Q1FY25 results today: Glenmark Pharma among over 400 firms to post earnings

Q1FY25 company results: Cosco India, Bajaj Healthcare, Reliance Infrastructure, and Coffee Day Enterprises will be releasing their quarter results on Aug 14