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 follow...

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- 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 Central Consumer Protection Authority (CCPA) over alleged consumer rights violations and misleading advertisements. 
- If found guilty, Ola Electric could lose incentives under the FAME-II and PLI schemes. 
- The CCPA plans to pursue class action against Ola Electric due to thousands of unresolved complaints. 
- Ola Electric's two-wheeler registrations declined 11% month-on-month to 23,965 units in September 2024.

Source: [Inc42](https://inc42.com/buzz/after-ccpa-notice-govt-amps-up-the-heat-on-ola-electric/)

Government Intensifies Scrutiny on Ola Electric Following CCPA Notice

Journalist

Government Intensifies Scrutiny on Ola Electric Following CCPA Notice- Grapevine

- 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 been directed to respond within 15 days. 
- This follows a public spat between Ola Electric CEO Bhavish Aggarwal and comedian Kunal Kamra. 
- Ola Electric's shares dropped by 8.31% following the incident.

Source: [Inc42](https://inc42.com/buzz/ccpa-serves-show-cause-notice-to-ola-electric/)

Ola Electric Receives Show Cause Notice from CCPA

- Ola Electric's market share dropped to 27% in September from 32% in August, with sales hitting an 11-month low. 
- The company has been facing issues with hardware malfunctions and customer complaints, receiving almost 80,000 complaints monthly. 
- Bajaj Auto is catching up, with its market share doubling over the last two quarters. 
- Ola Electric's share price fell below Rs 100 for the first time since its stock exchange listing in August. 
- Analysts predict Ola Electric's market share could decline to 25% over the next five years due to increased competition and changes in government policies.

Source: [The Arc](https://thearcweb.com/article/ola-electrics-sales-hit-an-11month-low-as-bajaj-gains-market-share-cOwqOlS4GzDBU4my)

Ola Electric Sales Dip as Bajaj Gains Market Share

Welcome to Indian Startups's Private Community

This guy gets a lot of shit on linkedin, don’t know him personally so not sure if rightly so or not. 

People in Ola, how’s this whole make tech in india thing working out?

Is this even working? Or just another marketing gimmick?

Ex Ola here. Everything this guy says is sham. Ola is a shit hole. Stay away from anything Ola sells. For data point here's one: they have an employee churn rate of 50% every year (half of the company leaves every year)

Lead Data Scientist

Staff Engineer

Welcome to Office Gossip's Private Community

With all these EVs catching fire and Ola not being able to turn a profit, Im curious to know if it really is a solid company or just an investor-money marketing hype? I mean most of the folks I know open Ola LAST, if Uber/Rapido/Blusmart haven’t worked. Ola E is also facing a lot of flak because its EVs are seeing the highest number of incidents. They’ve also had a string of CXOs come and go.

Are Ola + Ola E good companies? Like I’m curious to know what you guys generally think, even from a job perspective.

(PS, for the sake of transparency, I’m a journalist [you can drop me any scoops/leads at backgroundsources@proton.me] but this question has nothing to do with work — i’m seriously, genuinely curious about Ola and Ola Electric and Bhavish Aggarwal. Very few Ola folks speak about the internal goings on at the company)

Are Ola & Ola E good companies?

Software Engineer

In a recent showcase of Indian tech bravado, Ola Electric's CEO Bhavish Aggarwal made headlines with a series of bold claims at the company's Sankalp event. But as the dust settles, industry analysts and tech journalists at Inc42 are questioning whether Ola's electric dreams are more hype than horsepower.

**The Big Picture:**
Ola Electric, fresh off its public debut, is positioning itself as a global EV powerhouse. However, as Inc42's in-depth investigation reveals, the company's transition from startup darling to public entity has brought increased scrutiny, with many of Aggarwal's claims falling short under the harsh light of market realities.

Claims vs. Reality: A Breakdown

1. **"World's Largest EV Company"**
 - Claim: Ola tops the charts globally (*excluding China)
- Reality Check: Inc42 reports that Chinese giant Yadea's 16.5M units dwarf Ola's 300K sales

2. **Market Cap Boast**
- Claim: 5th largest EV company by market cap
- Reality Check: Inc42's analysis shows that even in India, Tata and Mahindra's EV arms boast higher valuations

3. **Revenue Rankings**
- Claim: 4th globally in just three years
- Reality Check: Inc42 points out that Lucid and Polestar report higher figures; Ola's timeline doesn't add up

4. **Manufacturing Milestones**
- Claim: India's first Li-ion cell maker
- Reality Check: Inc42's fact-checking reveals Log9 Materials beat them to market by months

5. **Gigafactory Dreams**
- Claim: 100 GWh capacity in the works
- Reality Check: Inc42's investigation of regulatory filings shows plans for just 20 GWh by 2026

6. **AI Chip Ambitions**
- Claim: India's first AI chip by 2026
- Reality Check: Experts interviewed by Inc42 are skeptical given the complex, time-consuming nature of chip development

**The Startup Hype Machine:**
Inc42's reporting highlights how Ola's case is symptomatic of a broader trend in India's tech scene: the delicate balance between visionary promises and on-ground execution. As more startups eye public markets, Ola's experience serves as a cautionary tale about the perils of overpromising and underdelivering.

**What's Next for Ola?**
With the spotlight now on Ola's ability to deliver, all eyes are on Aggarwal and his team. Inc42's analysis suggests that the coming months will be crucial as the company attempts to bridge the gap between its lofty claims and market realities.

**The Bottom Line:**
While Ola Electric has undoubtedly made strides in India's EV landscape, Inc42's investigation indicates that the company's penchant for grand statements may be doing it more harm than good. As it navigates the public market waters, Ola's success will hinge not just on its ability to innovate, but on building trust through transparent and achievable goals.

In the high-stakes world of EVs, it seems Ola might need to pump the brakes on the hype and focus on delivering the goods. After all, as Inc42's thorough reporting shows, in the race to electrify India's roads, it's not just about who talks the biggest game, but who can actually cross the finish line.

---

This summary is based on original reporting and analysis by Inc42. For the full, in-depth investigation, please refer to the original article at https://t.co/9MxlZm7Nwa

Inc42: Ola Electric's Reality Check – Ambitious Claims Meet Market Scrutiny

Not really an investigation per se but kudos to publications like inc 42 finally calling out founders on their BS. Expect more high profile exits and grapevine posts about the toxic work culture at Ola electric.

Product Marketing Manager

As it says

https://www.business-standard.com/companies/news/mapmyindia-accuses-ola-electric-of-data-theft-for-maps-sends-legal-notice-124072900815_1.html

MapMyIndia has filed a lawsuit against Ola Electric for allegedly stealing company data to create Ola Maps

Product Manager

Is it me or lately linkedin is full of Ola Electric complaints while order book of ola is still decent even after market share decline. 

Who tf is buying ola vehicles.

Linkedin full of Ola Electric issues

Head Of Marketing

- The Central Consumer Protection Authority (CCPA) has directed Ola Cabs to implement a mechanism allowing consumers to choose their preferred refund method. 
- Currently, Ola issues vouchers for refunds, compelling customers to use their services again. 
- Ola has also been asked to provide an invoice for all auto rides, following findings of non-compliance with the Consumer Protection Act, 2019. 
- This is the first time the CCPA has issued a directive against Ola Cabs, which has been under scrutiny for some time. 
- The CCPA is also reviewing complaints related to charging cancellation fees.

Source: [Mint](https://www.livemint.com/companies/after-ola-electric-ccpa-turns-the-heat-on-ola-cabs-issues-order-to-aggregator-on-refund-options-auto-ride-invoice-11728826624438.html)

CCPA Directs Ola Cabs to Improve Refund Options and Invoicing

I tried Ola ebike service for commuting a short distance ~ 5km. The experience was good and the fare was also cheap(50 Rs.). 
I spoke to the driver about earnings and whether he has to give EMI for the OE bike. Then he showed me the below table - how his earnings are calculated. 

I got shocked at seeing the high earnings amount - upto 4.5K daily which amounts to 1.35 lac monthly! 
He told me that Ola ebike is for short distances only - Upto 7-8 kms. And he is able to get average 3-4 rides in 1 hour, and he also doesn't have to pay for the vehicle rent. The Charging is also free at Ola Chargers. 

I couldn't help but wonder how can Ola sustain with this much spending. If they're giving upto 1lac to every driver and charging the user very less, that's a lot of cash burn.

Ola ebike - Driver Earnings

Ola electric stock 8% down after CEO picks up online fight with a comedian 🥲

Bruhhh 

> Have manufacturing defects with your main product
> Go public as the "largest EV 2W company"
> Lose market share as more serious companies enter
> Get into a spat about manufacturing defects rather than fixing them

I can only imagine how institutional investors are reacting to this shit

Corporate Strategist

UX/UI Designer

Following are the few reasons that came into my Insites 

1. Biofuels would be far cheaper + inhouse production

2.Electric Cars might be like walking Bombs with Batteries dying early 

3.Low Milage 

4.EV buyers are younger population who drives occasionally 

5.Indian Roads 💀 not for 🌊 Flooding India Pothole Roads 

6.Insuarce Issues as mentioned below

I am Planning to Buy EV Car but Why EV sales are going Down World Wide?

- Customer bought Ola scooter 20 days ago, but it had frequent issues.
- Despite repeated visits, the showroom staff did not address the problems.
- Frustrated with the issues and the staff’s negligence, he poured petrol on the showroom and set it on fire on Tuesday.
- Fortunately, no casualties were reported as the showroom was closed at the time. 

 Source: [Hindustan Times](https://www.hindustantimes.com/trending/disgruntled-ola-customer-sets-showroom-on-fire-after-company-fails-to-repair-scooter-101726044229931.html)

Disgruntled Ola Customer Sets Showroom on Fire Over Scooter Repair Delays

Woah. That’s a big one.

Sales Manager

Analyst

Ola valuation down from $7.3b to $1.9b

Software Developer

Hero has revenue of Rs. 35,000 crore & profit of rs. 4000 crores.Ola Electric has revenue of Rs 373 crore and loss of Rs  784 crore... OLA Electric (OE) aims 7-8 Bn $ IPO Valuation while Hero has 10 Bn $ valuation

" but ola has innovation" , " kya matlab founder ke IIT se hone se valuation multiple jayada nhi hona chahiye" , " ola full indian saar. Support ola IPO saar. Lose your money while investors and founder make a lot saar" , " bro but ola founder ne Sanskrit waala chatgpt banaya hai. He sapports indian culture. So higher multiple to Banta hai" . 
  
  
 Prepare to hear this in coming days

Growth Manager

Why tf does he have to pick a fight out of everything and make everything a lafda - off late he's been doing this too much.

Theek hai bhai, start another new thing before fixing existing businesses. Bring in nationalism into everything. Ather toh Made in India hai bhai and yes, they've built a 10x better machine compared to your toy.

Ban jao bhai desh bhakt - congrats on succesfully doing lafda everywhere :)

Government Intensifies Scrutiny on Ola Electric Following CCPA Notice

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Woah. That’s a big one.

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Hero has revenue of Rs. 35,000 crore & profit of rs. 4000 crores.Ola Electric has revenue of Rs 373 crore and loss of Rs 784 crore... OLA Electric (OE) aims 7-8 Bn $ IPO Valuation while Hero has 10 Bn $ valuation

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Saw this tweet in the morning, got so fucking annoyed that put in all the effort to find the marketing spends of Ola Electric from their IPO filings