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Ola Electric Mobility

Ola Electric Mobility shares jump 20%; hit upper circuit limit

Ola Electric Mobility shares jump 20%; hit upper circuit limit

Wed, Nov 27, 2024

The Gig range has been designed to address the needs of gig workers involved in both shorter and longer trips through two variants -- 'Gig' and 'Gig+' -- with introductory prices of Rs 39,999 and Rs 49,999 (ex-showroom), respectively.

Ola Electric shares drop as MHI participates in investigation against consumer complaints

Ola Electric shares drop as MHI participates in investigation against consumer complaints

Thu, Oct 10, 2024

Ola Electric Mobility after posting gains for two days in a row traded in the red.

Should you buy, sell or hold Ola Electric Mobility (OLAELEC) shares? Analysts weigh in

Should you buy, sell or hold Ola Electric Mobility (OLAELEC) shares? Analysts weigh in

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.

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Ola Electric losses widen to Rs 347 crore in April-June quarter

Ola Electric losses widen to Rs 347 crore in April-June quarter

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.

Pavna Industries forays into EV segment; to supply auto components to OLA Electric

Pavna Industries forays into EV segment; to supply auto components to OLA Electric

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.

Ola Electric to touch production of 10 lakh units by November 2023

Ola Electric to touch production of 10 lakh units by November 2023

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.

Ola Electric raises LARGEST-EVER $100 mn debt in Indian EV market

Ola Electric raises LARGEST-EVER $100 mn debt in Indian EV market

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.

How Tamil Nadu is all set to become an electric vehicle (EV) hub

How Tamil Nadu is all set to become an electric vehicle (EV) hub

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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