Ola Electric
Ola Electric shares jump 4% after resolving 99.1% of 10,644 complaints from CCPA
Shares of Ola Electric Mobility today jumped 4.45% to their day’s high of Rs 85.30 on the BSE after the company announced that it has resolved approximately 99.1% of the 10,644 complaints received from the Central Consumer Protection Authority (CCPA). In a stock exchange filing, the company said, “We wish to reiterate that Ola Electric … Read more
Ola Electric shares fall over 9% amid spat between Bhavish Aggarwal and Kunal Kamra
Shares of Ola Electric Mobility fell 9.4% to Rs 89.7 in Monday’s intraday trade on the BSE, following a heated exchange between the company’s founder and CEO, Bhavish Aggarwal, and comedian Kunal Kamra on X (formerly Twitter). The confrontation centered around the service issues of Ola Electric’s scooters. The verbal confrontation was sparked by Kamra’s … Read more
Ola Electric shares rise over 4% after PLI approval for two more vehicle models
Ola Electric Mobility shares rose 4.4% to Rs 143.8 in Wednesday’s trade on BSE after the electric two-wheeler maker received certification for production-linked incentive (PLI) benefits for two more of its vehicles. The 3 kWh (kilowatt hour) and 4 kWh versions of Ola S1X have received the certification for compliance with the eligibility requirement for … Read more
Ola Electric records over 30,000 registrations in December, dominates the 2W EV segment with 40% market share
Ola electric scooters. | Photo Credit: Special Arrangement Ola Electric on January 1 announced that it recorded 30,219 registrations in December and captured a 40% market share in the EV 2W segment (as per VAHAN Portal). The company clocked its highest ever monthly registrations during the month and posted a year-on-year (Y-o-Y) growth of 74% … Read more
Ola opens 500th showroom in India
EV start-up Ola Electric has announced the opening of its 500th Experience Centre (EC) in Srinagar, Jammu and Kashmir, as part of its strategy to expand its direct-to-consumer (D2C) presence in the country. Ola, which is present in around 300 cities, aims to take the total number of showrooms to 1,000 by August 2023. Although … Read more
Ola Electric announces a discount on S1 Pro
Ola Electric announces a discount of ₹5,000 on its S1 Pro e-scooter, reducing price to ₹1.25 lakh (ex-showroom, India including FAME-II subsidy). This discount, however, is valid till April 16. Ola recently rejigged its S1 e-scooter line-up, and as a consequence of that, the S1 Pro’s revised (ex-showroom) price was ₹1.3 lakh, the same as … Read more
Ola S1 Pro price slashed
To improve sales, Ola Electric is now offering a discount of ₹10,000 on its S1 Pro electric scooter for a limited period. As a result, Ola S1 Pro will now cost ₹1.30 lakh (ex-showroom), which was its original price when launched in August 2021. On becoming the bestselling EV two wheeler manufacturer in April, Ola … Read more