Bhavish Aggarwal announced various Gen 3 “innovations” at Roadster’s launch event. Far from innovations, these changes could put the Roadster, and its buyers, at substantial risk.

Ola Electric faces backlash as customer smashes scooter over Rs 90K repair bill. CCPA investigates complaints, while Ola stock drops amid quality concerns.

New Delhi, Nov 22 (SocialNews.XYZ) 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 electric vehicle (EV) company is trying to boost its operational efficiency by reducing redundancies and “drive profitability”, according to multiple reports. The restructuring exercise will impact employees from several departments, the reports added.

With global battery demand soaring, India must revamp the PLI scheme to reduce import reliance and nurture a competitive manufacturing base. #PLIscheme #PLIforBattery #PLI #policy

(Reuters) -Hyundai Motor sold its entire stake in Ola Electric, while rival South Korean carmaker Kia trimmed its holding, in a combined share sale worth 6.89 billion rupees ($80 million), according to exchange data. Hyundai (OTC:HYMTF), which held a 2.47% stake in the company, sold shares at a price of 50.70 rupees, while Kia offloaded 0.6% of Ola Electric shares for 50.55 rupees, the data showed on Tuesday. Kia held a less than 1% stake in Ola Electric. Its current holding is not known as exchange data does not disclose stakes below 1%. Ola Electric’s shares slumped 8% on Tuesday as both disposals were at a nearly 6% discount to its closing price on Monday. Hyundai and Kia had invested $300 million in the Bhavish Aggarwal-led Ola in 2019 to collaborate on developing electric vehicles and their charging infrastructure. The disposals come at a time when the company is grappling with slowing sales, regulatory pressure and competition from established two-wheeler makers. Its shares have dropped 46% since going public in August 2024. The Bengaluru-based company had reported a wider fourth-quarter loss and also forecast a revenue decline in the first quarter of the current fiscal amid steep discounts it has been offering to weather competition. Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if 005380 is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

Ola Electric has kicked off the BOSS Sale with festive discounts of up to ₹40,000 and the S1 X scooter range starts at a starting price of ₹49,999.

YouTube video by Invest in Shares

Ola founder and CEO Bhavish Aggarwal has been named in an FIR for abetment to suicide after a 38-year-old employee died, leaving behind a damning 28-page note

Mumbai News: ओला इलेक्ट्रिक के शेयरों में सोमवार को शानदार उछाल देखने को मिला। कंपनी के शेयर बीएसई पर 13 प्रतिशत की बढ़त के साथ 61.14 रुपये पर पहुंच गए। पिछले पांच सत्रों में शेयर में कुल 29.6 प्रतिशत की तेजी दर्ज की गई है। यह उछाल कंपनी को पीएलआई प्रमाणन मिलने के बाद देखने को मिल रही है। पीएलआई प्रमाणन का महत्व ओला को जनरेशन 3 स्कूटरों के लिए पीएलआई प्रमाणन मिला है। भारी उद्योग मंत्रालय की योजना के तहत एआरएआई ने इसकी मंजूरी दी। कंपनी 2028 तक बिक्री मूल्य पर 13 से 18 प्रतिशत तक प्रोत्साहन राशि की पात्र होगी। यह प्रमाणन ओला के सातों एस1 स्कूटर मॉडल्स पर लागू होगा।

Premier Energies is commanding PE valuation in excess of 100 with face value of ₹1 as it gained 20 per cent on Thursday.

Ola Electric plans to lay off 500 employees as part of a restructuring exercise aimed at improving profitability and reducing losses amid mounting challenges and declining market share.

This one’s confusing. The last time I wrote about Ola’s motorcycles, it was a comical rant about how the company blatantly ripped off Zero’s ad campaigns and how undercooked its then-released Roadster...

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Ola Electric, the largest electric two-wheeler maker in India, jumped as much as 10.8% on its public debut Friday in what is the biggest listing among Indian firms in two years. Shares of the Bengaluru-based firm, which counts SoftBank and Temasek among…

The Central Consumer Protection Authority (CCPA) has sought a response from Ola Electric regarding over 10,000 complaints.

Ola Electric shares drop by nearly 4% amid reports of showroom raids, vehicle seizures, and regulatory issues. The company denies allegations, calling them "misplaced." The stock nears its 52-week low...