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Ola Electric reported a Q1 FY26 net loss of ₹428 crore as revenue fell nearly 50% YoY to ₹828 crore. E-scooter deliveries dropped sharply, and share prices continue to slump amid rising losses and operational consolidation efforts
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Over the past one month, the stock of the Bhavish Aggarwal-led company has lost 21.74 per cent of its value
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Company rolls out the first Roadster X+ e-bike from its Futurefactory in Krishnagiri, Tamil Nadu
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The all-new Roadster X comes in 2.5kWh, 3.5kWh and 4.5kWh variants and are priced at Rs.74,999, Rs.84,999 and Rs.94,999, respectively. The Roadster series comes with a standard warranty of 3 years/50,000 km
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The reason cited is that Ola Electric announced its e-scooter expansion plans first on social media instead of announcing it on the stock exchanges
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Ola Electric has said that the new range of scooters offers durable, reliable, affordable, and flexible solutions, including removable batteries, fulfilling personal and commercial use cases of rural, semi-urban, and urban customers
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The customer purchased the Ola electric scooter a month ago but began facing issues shortly after. In the video, the company was criticized for issuing a repair bill of Rs 90,000. The caption of the video stated, "The showroom issued a bill of Rs 90,000, leading the customer to get upset and destroy the scooter in front of the showroom."
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The company reported 43% increase in net loss at Rs 495 crore in the July-September period, from Rs 347 crore in the previous quarter
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The automotive testing agency, functioning under the Ministry of Heavy Industries, has requested clarification from the EV company regarding the price reduction for its S1 X 2 kWh electric two-wheeler in the recently announced sale.
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In a stock exchange filing, the EV company admitted that it has received a show-cause notice from the Central Consumer Protection Authority
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Since touching all-time high, company's share is trading 42-43% lower amid innumerable hardware and software issues with its e-scooters and poor conditions at its service centres
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In a post on X, Aggarwal shared an image of a keyboard with the dollar sign highlighted, asking why people in the financial sector still use "INR" instead of the rupee symbol.
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Significant part of the proceeds to be used for capacity expansion of its cell manufacturing plant and revving up R&D
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Zoho's CEO Sridhar Vembu echoed Aggarwal's sentiment, stating, "India must firmly oppose this woke imperialism."
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Aggarwal also said that going forward, the electric vehicle company may not showcase their products to journalists before the official launch
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The purchase window for the Ola S1 Air will open in February 2023, and deliveries are scheduled to commence from early April next year.
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New Delhi: Ola Founder and CEO Bhavish Aggarwal on Monday shifted gears and entered a new territory by showcasing a homegrown electric car that will arrive in the country by 2024. Aggarwal said the Ola Electric car will have a 500-km range on single change and will go from zero to 100 km within 4 […]
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Hyderabad: In a significant development that could herald self-reliance in production of electric vehicle batters in India, Ola Electric has succeeded in making a Li-ion cell indigenously. The success in making the Lithium Ion cell was announced by the Ola Electric CEO Bhavish Aggarwal on Twitter on Monday. “The cell is the heart of the […]
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Krishnagiri: Bhavish Aggarwal will not invite Elon Musk to his state-of-the-art, electric two-wheeler manufacturing facility here as the Ola Founder and CEO feels that when India becomes a global hub for electrification, Tesla CEO will have no choice but to come to the country. Aggarwal said that not one company has the right or the […]
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The company said it is seeing unprecedented demand from customers who continue to throng the website to book the scooter in record numbers.