Ola Electric News

Subscribe to enjoy similar stories.The Nifty 50 and Sensex rose over 1% last week, extending gains a week before—their strongest in over five years—but the pace has now moderated. On Friday, both indices closed about 0.65% higher, with the Nifty at 24,353.55 and the Sensex at 78,493.56. With signs of stability emerging, we should look at stock-specific action.IRCON(Cmp ₹154.69)Why it’s recommended: Triveni Turbine (TRITURBINE) is a leading India-based manufacturer of industrial steam turbines up to 100 MW, specialising in design, manufacture, and custom-engineered back-pressure and condensing steam turbines.

Ather unveiled its new EL platform last year in August on which its future scooters will be built.The EL platform allows the company to a suite of products, ranging from family oriented scooters to sporty performance models, over five years.Ola Electric, dealing with losses and slowing sales, is shrinking its network from about 4,000 stores to around 700, it informed investors in February after the release of its December quarter earnings.Ather is set to double store count to 700 this financial year from 350 in fiscal 2025. A target of at least 1,100 by the end of March 2027 suggests that it would have added 750 stores or more in two years.The latest move by Tarun Mehta-led Ather comes after the Bengaluru company overtook crosstown rival Ola Electric in quarterly revenue, volume sales, and market valuation in the last six months.For two consecutive quarters, Q2 and Q3 FY26, Ather’s total revenue of ₹941 crore and ₹996 crore surpassed Ola Electric’s ₹756 crore and ₹504 crore.Since Ather’s listing in May 2025, the company’s shares have surged by 118% while Ola Electric’ shares have fallen by 51%.

Subscribe to enjoy similar stories. New Delhi: Ola Electric Mobility Ltd’s ever-changing commentary on every aspect of the business has left industry observers and analysts questioning the company’s future.

Subscribe to enjoy similar stories. After a two-year hiatus in India, the world's biggest technology investor is on the move again. Masayoshi Son-led SoftBank is now examining Indian startups pursuing artificial intelligence (AI), the technology world's sunrise sector.

Subscribe to enjoy similar stories. NEW DELHI: Ola Electric Mobility founder and chairman Bhavish Aggarwal has pledged an additional 3% of his stake in the listed electric two-wheeler company to top up collateral against loans taken, as the stock continues to slide. Shares hit an all-time low of ₹33.20 per share on 9 December.

Ola Electric on April 3 announced the launch of #HyperDelivery, offering same-day registration and delivery of its electric two-wheelers. The company has rolled out the pilot programmein Bengaluru and plans to expand it across India in phases this quarter, Ola Electric said in a stock exchange filing on Thursday. “Customers can now complete the process online or at an Ola Electric Store and ride home on their fully registered vehicles in just hours,” the company stated.

Subscribe to enjoy similar stories. Hero MotoCorp Ltd, the world’s largest two-wheeler manufacturer, is navigating rough terrain. A shrinking market share, a string of high-profile management exits, and struggles in the premium and electric vehicle (EV) segments have put India’s motorcycle giant on the defensive.

Ola Electric was hit by another wave of uncertainty when media reports suggested the company's reported sales figures do not match vehicle registrations with the government. Here’s what happened: The Bhavish Aggarwal-led company came under the scanner of the Ministry of Heavy Industries (MHI) for reported discrepancies between the strong sales numbers it reported and the registrations recorded by the government.

«As far as other two-wheelers are concerned, by and large, they are doing reasonably well. We have to keep focusing from long-term on Bajaj. I do not see much of a problem there,» says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital. Want to get your view on this entire auto space because today we have news flow coming in from Ola Electric on one end. On the other side, over the last couple of days, we have seen major auto players announcing price hikes that they will be rolling in from next month. How much do you think this price hike could aid the bottom line of these auto companies for FY25 and what is the outlook on the sector in general? Sudip Bandyopadhyay: The auto price hikes are definitely good news as far as the industry is concerned. Obviously, it kind of shows that there is demand, that is how the manufacturers are taking the risk of hiking prices.

ARAI) to probe the mismatch between Ola Electric's reported sales figures and actual vehicle registrations along with numerous consumer complaints against the Bhavish Aggarwal-owned electric two-wheeler maker and submit a report within 15 days, sources said. While the total number of registrations by Ola Electric on the Vahan portal for February stood at 8,652, the company had reported sales of over 25,000 units during February 2025. As of March 20, the company's registrations stood at 11,781 on the Vahan portal. Ola Electric is a beneficiary of the FAME II and PM E-DRIVE schemes and its eligibility certificate has been provided by ARAI, a certification and testing agency under the administrative control of the ministry.

Ola Electric have suffered a significant loss of value. Meanwhile, IT stocks continue to be laggards due to the uncertainty triggered by factors in the US. Mobikwik Shares of One MobiKwik Systems, the parent company of digital payments provider MobiKwik, sank as much as 15% in early trade on Monday, hitting a fresh 52-week low of Rs 231.05. This is due to the expiration of a three-month lock-in period on nearly 46 lakh shares, or 6% of the company's outstanding stock, making them eligible for trade.

Rosmerta Digital Services, an operational creditor of Ola Electric Technologies, has filed a plea to initiate insolvency proceedings against the wholly owned subsidiary of electric two-wheeler maker Ola Electric, over alleged payment defaults. The petition, filed before the Bengaluru bench of the National Company Law Tribunal (NCLT), claims non-payment for services rendered and seeks to initiate a corporate insolvency resolution process (CIRP) against Ola Electric Technologies. Ola Electric has disputed the claims and said it plans to challenge the petition through legal proceedings.

Subscribe to enjoy similar stories. Ola Electric Mobility Ltd’s decision to renegotiate contracts with two of India’s largest vehicle registration agencies last month has resulted in prolonged delays in the deliveries of its scooters, according to store managers and complaints posted by buyers on social media. The waiting period for the company’s electric scooters increased to 20-45 days from 5-7 days before February, managers at seven Ola Electric stores across New Delhi, Mumbai and Bengaluru told Mint.

Holi flash sale offering significant discounts on its popular S1 range of electric scooters. The announcement was made by the company in an exchange filing on Wednesday. As part of this limited-time promotion, Ola's customers can avail discounts of up to Rs 26,750 on the S1 Air and Rs 22,000 on the S1 X+ (Gen 2) rage of electric scooters. The models are now priced at Rs 89,999 for the S1 Air and Rs 82,999 for the S1 X+ (Gen 2), Ola Electric said. Moreover, Ola is providing discounts of up to Rs 25,000 on the rest of the S1 range, including the latest S1 Gen 3 models, the company said.

NTPC Green Energy shares will be in focus on Thursday after its subsidiary, NTPC Renewable Energy Ltd, declared the second and final phase of its 105 MW Shajapur Solar Project in Madhya Pradesh operational. «We wish to inform you that, following successful commissioning, the second and final capacity of 50 MW out of the 105 MW Shajapur Solar Project (Unit-1) of NTPC Renewable Energy Limited, a subsidiary of NTPC Green Energy Limited at Shajapur Solar Park, MP, has been declared commercially operational with effect from 00:00 Hrs on March 13, 2025,» NTPC Green Energy said in an exchange filing.

Vedanta, Ola Electric, Jaiprakash Associates, BEML, Infosys among others will be in focus due to various news developments. Vedanta Vedanta's promoters will maintain over 50% stake in each of its demerged entities, as the focus remains on creating pure-play companies which will be better placed to capitalise opportunities.

Ola Electric chief executive Bhavish Aggarwal said on Wednesday that the company expects to be Ebitda (earnings before interest, taxes, depreciation, and amortisation) positive in the next quarter. «Our @OlaElectric EV business will be EBITDA positive next quarter. When we started many thought EVs will never be profitable. Kudos to the Ola Electric team for working hard to make this happen more than a year ahead of analyst estimates,» he said in a post on X. In addition to the automotive business, the company also operates in the battery cell manufacturing space.

Ola Electric, India's largest electric vehicle company, has achieved a significant milestone by becoming the first two-wheeler automotive electric vehicle (EV) manufacturer in India to receive incentives under the Production Linked Incentive (PLI) Scheme for Automotive and Auto Component (PLI-Auto Scheme). The company has been granted a total incentive of Rs 73.74 crore for the Determined Sales Value of FY 2023-24 under the scheme, according to a stock exchange filing by the company. The PLI-Auto Scheme, launched by the Government of India, aims to boost domestic manufacturing in the automotive sector and promote the adoption of advanced, clean, and sustainable mobility solutions.

Adani Wilmar, Ola Electric, Ambuja Cements, Power Grid, JSW Energy among others will be in focus due to various news developments. ONGC Indian oil explorer Oil and Natural Gas Corp said its unit acquired clean energy firm PTC Energy for Rs 925 crore ($106.02 million) as the company looks to ramp up its green energy portfolio.

Goldman Sachs remains optimistic about Mahindra & Mahindra (M&M), raising its target price and emphasizing strong demand in the SUV and tractor segments.

Ola Electric shares are likely to remain in focus on Thursday, February 6, after the company announced its entry into the motorcycle segment by introducing five variants of Roadster X series, with an introductory price of Rs 74,999. “Ola Electric, India's largest pure-play EV company, today announced its entry into the EV motorcycle segment with the launch of its Roadster X series to redefine motorcycling with impressive performance and a thrilling riding experience,” said the company in an exchange filing.