Traveling ,Gardening & Finance
Traveling ,Gardening & Finance
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 […]
Ather Energy Ltd. narrowed its loss in the fiscal second quarter on higher sales from an expanding distribution network. Ather Energy’s sales rose 67% year-on-year to 65,595 units for a market share that improved 530 basis points to 17.4% in Q2 FY26. (Tushar Deep Singh/HT) Net loss of the Rizta maker stood at ₹154.1 crore […]
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. narrowed its losses in July-September 2025 even as revenue plunged 43%, amid fewer takers for electric two-wheelers. Ola Electric founder Bhavish Aggarwal. (Reuters) Consolidated net loss of the Bengaluru-based EV maker stood at ₹418 crore in the three months ended 30 September 2025, as against ₹495 crore loss in Q2 FY25, […]
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) […]
The Nifty 50 is set to open higher today, as optimism over an India-US trade deal brings back foreign investors to the world’s third largest stock market. The National Stock Exchange building in Bandra Kurla Complex, Mumbai. (Livemint) At 8:30 am, Gift Nifty futures were trading 0.13% lower at 26,253.50 after a positive open. That […]
Ola Group has witnessed by a second case of death by suicide in less than six months, this time involving its electric two-wheeler unit. Bhavish Aggarwal, founder of Ola Group and chairman and managing director or Ola Electric. (Reuters) The Bengaluru police has registered a case against Ola Electric Mobility Ltd.’s founder Bhavish Aggarwal and […]
