Check out what’s clicking on FoxBusiness.com. Jaguar Land Rover is recalling nearly 2,300 electric SUVs in the U.S. over concerns that a high-voltage battery may overheat, increasing the risk of fire, the National Highway Traffic Safety Administration (NHTSA) announced on Tuesday. The recall impacts 2,278 Jaguar I-Pace vehicles from the 2020–2021 model years. “As an […]
Ola Electric Mobility Ltd. has appointed Deepak Rastogi as its new chief financial officer, replacing Harish Abichandani who has resigned abruptly. The change is effective 20 January 2026. Ola Electric has been grappling with declining sales and eroding market share, so much so that the company has cut its revenue forecast for FY26. (Reuters) “I […]
Ola Electric on Thursday said it has received a sanction order from the Ministry of Heavy Industries for the release of incentives amounting to ₹366.78 crore under the production-linked incentive scheme. An Ola Electric scooter. (Bloomberg) The sanction pertains to the demand incentive for the determined sales value for FY 2024-25, and authorises a payment […]
Ola Electric Mobility Ltd. has initiated a service reboot to address after-sales woes of a shrinking customer base. Ola Electric’s service problem first cropped up in September last year and have continued ever since. (Tushar Deep Singh/HT) The company led by billionaire Bhavish Aggarwal is deploying a 250-member rapid-response team across the country to clear […]
Ola Group has paused operations of Ola Foods amid a financial quagmire at Ola Electric Mobility Ltd., so much so that the food-delivery option has disappeared from the ride-hailing app. The cloud kitchen business, operated through the Open Network for Digital Commerce (ONDC), is not accepting orders either. Ola Group Chairman Bhavish Aggarwal. (PTI) “The […]
EV sales of Ola Electric Mobility Ltd. fell to the lowest in at least 36 months in November 2025, even as the erstwhile market leader finds itself in “sacrifice for survival” mode. Bhavish Aggarwal, chairman and managing director, Ola Electric. Ola Electric has to sell 18,500 units/month in FY26 to stay operationally profitable. (PTI) The […]
Ola Electric Mobility Ltd. has claimed that its homegrown 4680 Bharat Cell and, consequently, the prospect of client loss in India is forcing South Korea’s LG Energy Solution Ltd. to attack indigeniously developed battery technology. The 4680 Bharat Cell is a lithium-ion battery cell manufactured by Ola Cell Technologies Pvt. Ltd. at its Ola Gigafactory […]
Ola Electric Mobility Ltd. has scaled up its so-called Hyperservice initiative to open source its proprietary service infrastructure and technology, a move the company says will further strengthen its unit economics. Ola Electric operates its own stores and service centres in India, in a departure from the industry norm of dealership model. (Tushar Deep Singh/HT) […]