Ola Electric
- Automobile
Ola Electric sees dip in VAHAN registrations in Feb
New Delhi: Ola Electric Mobility Limited is expected to see a decline in VAHAN registrations for February and the company’s sales remain steady, according to the company’s exchange filing on Wednesday. The…
- India
Investors lose about Rs 40,000 crore as Ola Electric shares hit all-time low
Mumbai: As shares of Bhavish Aggarwal-led Ola Electric continue to slide, investors have been impacted heavily as approximately Rs 40,000 crore has been wiped out since the company stock’s peak valuation. Once…
- Automobile
Markets regulator SEBI sends notice to Ola Electric
New Delhi: Electric vehicle (EV) company Ola Electric Mobility Limited has received an administrative warning from the markets regulator, the Securities and Exchange Board of India (SEBI), for violating disclosure norms. The…
- Business
Bajaj Auto overtakes Ola Electric as top 2-wheeler EV company
New Delhi: The New Year welcomed a new two-wheeler (2W) EV leader in India as Bajaj Auto overtook Ola Electric in the month of December in terms of market share. According to…
- Technology
Ola Electric set to lay off 500 employees amid controversies, poor results
New Delhi: Ola Electric, mired in controversies amid a government probe and mounting losses, is set to lay off at least 500 employees as part of an restructuring exercise. The Bhavish Aggarwal-led…
- Hyderabad
Ola ordered to pay Rs 1.73 lakh to Hyderabad man for faulty EV battery
Hyderabad: Ola Electric has been ordered by the District Consumer Disputes Redressal Commission to pay Rs 1.73 lakh to Hyderabad resident K. Sunil Chowdary, following a complaint about negligence related to a…
- India
Centre critically examining Ola Electric’s claims over solving consumer complaints
New Delhi: Despite Ola Electric claiming that it has resolved 99.1 per cent of the 10,644 complaints filed with the Central Consumer Protection Authority (CCPA) regarding its poor after-sales service, the Department…
- India
Ola Electric condemns arson incident at Kalburgi showroom
New Delhi: Ola Electric on Wednesday condemned the act of arson at its brand store in Kalburgi, Karnataka, by an alleged dissatisfied customer. “There has been an incident of arson yesterday at…
- Business
Ola Electric’s market share drops to 31 pc in August, share extends losses
New Delhi: Bhavish Aggarwal-run Ola Electric clocked its lowest monthly sales this year, dropping 34 per cent sequentially to 27,506 units in August, as its market share nosedived further to 31 per…
- Telangana
Ola electric ordered to pay Rs 1.9 lakh to Telangana customer
Hyderabad: Ola Electric Mobility Private Limited has been ordered to pay Rs 1,92,205 to a Telangana customer for delivering a “defective” e-scooter. The order was passed by the District Consumer Disputes Redressal…
- Business
Allegations by MapMyIndia false, misleading: Ola Electric
New Delhi: Ola Electric on Monday said that allegations made by CE Info Systems Ltd, the parent company of MapMyIndia, in a legal notice against the EV firm are false and misleading.…
- Business
IPO-bound Ola Electric gets certification for 2nd e-scooter under govt’s PLI scheme
New Delhi: Bhavish Aggarwal-led Ola Electric has received certification for its S1 Pro (Gen-2) electric scooter under the government’s production-linked incentive (PLI) scheme for the automobile and auto component industry. Sources told…
- News
Ola Electric files DRHP with SEBI, aims to raise Rs 5,500 via IPO: Report
New Delhi: Homegrown electric two-wheeler manufacturer Ola Electric has filed its draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI), a media report said on…
- Technology
Ola Electric raises Rs 3,200 cr to boost EV biz, build cell manufacturing factory
Bengaluru: Ola Electric on Thursday announced it has closed Rs 3,200 crore in funding as part of its equity and debt round from Temasek-led investors and project debt from the State Bank…
- Business
Ather Energy, Ola Electric see lukewarm response from investors: Report
New Delhi: Despite gaining significant market shares, Indian electric two-wheeler (E2W) market leaders like Ola Electric and Ather Energy are witnessing a lukewarm response from investors amid heavy losses and regulatory uncertainties,…
