Page 3 - Ola Electric Mobility

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

Auto industry to continue shift towards EVs despite Trump tax credit threat

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

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

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

Odysse to give 40,000 EVs to Zypp as investment deal, says CEO Nemin Vora

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

Ola Electric wrongly claims to solve service issues, CCPA initiates probe

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

Bhavish Aggarwal's Ola Electric shares drop over 12% in one week; details

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 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.

India's biggest IPOs of 2024: Swiggy, Ola, Hyundai Motor India, more

About 270 companies have raised over $12.57 billion through IPOs in India so far this year, well above the $7.4 billion raised in all of 2023, LSEG data shows

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

Ola Electric launches Digital Twin platform powered by Nvidia Omniverse

Ola Electric's new Digital Twin Platform, built on Nvidia Omniverse, uses AI, simulations, and IoT to optimise manufacturing, speed up product development, and enhance operational efficiency

Here's why Ola Electric shares jumped 4.5% on October 22; reasons here

The rise in the Ola Electric share price came after the company, on Monday, announced that it has resolved approximately 99.1 per cent of the 10,644 complaints received from CCPA

Resolved 99.1% of the 10,644 complaints received from CCPA: Ola Electric

The CCPA had issued a show-cause notice demanding an explanation for the handling of thousands of consumer complaints regarding service deficiencies, and providing 15 days to respond

Bouncers at Ola service centres? Users tag Kunal Kamra in viral posts on X

Another rift between Bhavish Aggarwal and Kunal Kamra has surfaced after users claimed that Ola had hired bouncers for its service centres

Bhavish Aggarwal's Ola Electric engages EY for urgent service overhaul

The global consulting firm, EY, is expected to assist the electric two-wheeler maker in various service-related areas with a focus on streamlining business processes and optimising inventory

Stocks To Watch: Adani Energy, Cochin Shipyard, HDFC Life, Vi, Ola Electric

Stock Market Today: Tata Motors-owned Jaguar Land Rover reported a 36 per cent year-on-year increase in retail sales for the first half of the fiscal year

Not price cut, but festive discounts: Ola Electric on ARAI notice

The Boss sale of Ola is already under regulatory scanner as the Automotive Research Association of India (ARAI) has raised concerns over the company's recent pricing practices