Ola Electric

tl;dr

1. Across the year, more than 149,000 employees in tech were laid off from January through November 2024 alone, with August 2024 seeing the highest single-month total exceeding 26,000 job cuts.
2. Major global tech giants (...

• Balachandar N, Ola Group's Chief Human Resources Officer, has left the company after nearly four years.
• He joined Ola Electric in May 2021 and was promoted to CHRO at Ola Group the same year, overseeing hiring for multiple divisions....

Bhavish Aggarwal can copy Musk’s tweets, but he’ll never match Anand Mahindra’s class, vision, or legacy. Mahindra built an empire on ethics; Ola is a PR circus riddled with complaints. Stop chasing clout, Bhavish. Be original or even 0....

• Electric two-wheeler registrations fell by 18% MoM in November to 1.14 lakh units.
• Ola Electric’s registrations dropped 33%, while TVS Motor nearly matched its numbers.
• Despite a sales dip, Bajaj Auto and Ather Energy maintained ...

• Ola Electric's shares surged 9.4% following the launch of their electric scooters, S1 Z and Gig.
• The company has ended its last four trading sessions in the green, despite trading 3.32% below its listing price since August 9.
• Ola...

• 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.