Thu, Oct 10, 2024
Ola Electric Mobility after posting gains for two days in a row traded in the red.
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Fri, Aug 16, 2024
Foreign brokerage HSBC has initiated coverage on Ola Electric Mobility with a 'buy' rating and a target price of Rs 140. The target implies a potential upside of 5.5 per cent in the recently listed stock, as of August 16. The costs involved in manufacturing electric vehicles are set to fall significantly by FY27/28, while those for internal combustion engine (ICE)-powered scooters may go up due to emission standards, according to the brokerage.
Wed, Aug 14, 2024
Ola Electric Mobility reported a widened loss of Rs 347 crore for the April-June 2024 quarter, up from Rs 267 crore in the same period last year. Despite the increase in losses, the company saw revenue from operations rise to Rs 1,644 crore, compared to Rs 1,243 crore in the previous fiscal year's corresponding quarter.
Mon, Apr 22, 2024
As part of the pact, it will provide auto components like ignition switches and latches to OLA Electric across its manufacturing plants in India.
Mon, Nov 07, 2022
"Our cumulative production numbers: Dec 2021: 0; Nov 2022: 1,00,000; Nov 2023: 10,00,000; Nov 2024: 1,00,00,000.., "Aggarwal said in a tweet on Friday.
Mon, Jul 12, 2021
"The agreement for long-term debt financing between Ola and Bank of Baroda signals the confidence of the institutional lenders in our plans to build the world's largest two-wheeler factory in record time," said Bhavish Aggarwal, Chairman & Group CEO, Ola.
Tue, Jul 06, 2021
Tamil Nadu housing manufacturing units from cycle to battle tanks and rockets, including several global automobile manufacturers, is all set to become an electric vehicle (EV) hub.
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