Ola Electric

• Ola Electric is cutting 300-400 jobs, mainly in manufacturing and supply-chain management, to improve margins and achieve profitability.
• The company has previously laid off employees and shut down divisions to focus on its EV busines...

• Ola is progressing towards its IPO, scheduling an EGM for November 14.
• This follows Ola Electric's public listing, marking the second company under Bhavish Aggarwal's leadership to go public.
• The company is expected to file a draft...

I’m planning to buy because the current price is very attractive. 80-85rs. 5k cr revenue vs 35k cr valuation.

• Ola Electric shares fell by 6.8% to INR 81.01 during intraday trading on BSE.
• The stock has dropped about 48.1% from its record high of INR 157.53 on August 20.
• This slump is due to consecutive monthly declines in sales and risin...

• The Ministry of Heavy Industries (MHI) has asked the Automotive Research Association of India (ARAI) to verify if Ola Electric is honouring warranties and maintaining service centres.
• This follows a show cause notice from the Centra...

• Ola Electric's shares dropped by nearly 9% following a public spat on X (formerly Twitter) between CEO Bhavish Aggarwal and comedian Kunal Kamra.
• The company has been facing multiple issues including battery failures, software issue...

• Ola Electric's electric scooters have a 75% failure rate due to design defects in the Human-Machine Interface (HMI).
• Despite being aware of the issue, the company chose to focus on the 25% that worked, ignoring the potential risks to...

• The Central Consumer Protection Authority (CCPA) has issued a show cause notice to Ola Electric.
• The notice pertains to alleged violation of consumer rights, misleading advertisement and unfair trade practices.
• Ola Electric has b...