Ola Electric News - Latest Updates & Headlines
Ola Electric shares sink over 70 pc from peak after insolvency petition against subsidiary
Mumbai, March 17: Shares of Ola Electric Mobility Limited tumbled 7.23 per cent, or Rs 3.65, on Monday, hitting a record low of Rs 46.86 on the National Stock Exchange (NSE).
Ola Electric's vendor moves NCLT over unpaid dues, seeks insolvency action
New Delhi, March 16: A vendor of Ola Electric Mobility Limited -- Rosmerta Digital Services Private Limited -- has filed an insolvency petition against a wholly owned subsidiary of the electric two-wheeler maker over alleged non-payment of dues.
Ola Electric shares drop over 4 pc amid reports of raids, regulatory issues
New Delhi, March 10: Shares of EV company Ola Electric on Monday fell by nearly 4 per cent, following reports of raids, vehicle seizures, and showroom closures linked to the company.
Ola Electric misses cell manufacturing deadline at its Gigafactory
New Delhi, March 5: As it continues to struggle on various fronts amid job cuts, Ola Electric Mobility has now failed to kick off cell manufacturing at its Gigafactory on time.
Ola Electric to slash over 1,000 jobs in 2nd layoff round as losses mount: Report
New Delhi, March 3: Ola Electric Mobility is reportedly laying off more than 1,000 employees and contract workers in its second round of job cuts within months.
Only 1 in 3 Ola Electric scooters sold in February officially registered
New Delhi, Feb 28: Only one out of three Ola Electric scooters sold in February was officially registered, according to latest data from the government's VAHAN portal.
Jefferies optimistic on Indian 2-wheeler market, cautious on Ola Electric
New Delhi, Feb 19: Global brokerage Jefferies on Wednesday said it remains optimistic about the two-wheeler industry in India, especially with recent income tax cuts in the Union Budget to boost consumption.
Ola Electric sees dip in VAHAN registrations in Feb
New Delhi, Feb 19: Ola Electric Mobility Limited is expected to see a decline in VAHAN registrations for February and the company's sales remain steady, according to the company’s exchange filing on Wednesday.
Investors lose about Rs 40,000 crore as Ola Electric shares hit all-time low
Mumbai, Feb 18: As shares of Bhavish Aggarwal-led Ola Electric continue to slide, investors have been impacted heavily as approximately Rs 40,000 crore has been wiped out since the company stock's peak valuation.
Ola Electric's loss widens to Rs 564 crore in Q3, revenue drops 19 pc as stock plunges
Mumbai, Feb 7: Bhavish Aggarwal-run Ola Electric Mobility on Friday reported a massive net loss of Rs 564 crore in the third quarter (Q3 FY25), an increase of 13.94 per cent compared to a net loss of Rs 495 crore in the previous quarter (Q2 FY25).
CCPA intensifies investigation into Ola Electric over consumer complaints, askes for additional information
New Delhi, January 11: The Central Consumer Protection Authority (CCPA) has deepened its investigation into Ola Electric Mobility Limited and asked for additional documents as part of its ongoing investigation into alleged consumer rights violations.
Markets regulator SEBI sends notice to Ola Electric for violating disclosure norms
New Delhi, Jan 8: Electric vehicle (EV) company Ola Electric Mobility Limited has received an administrative warning from the markets regulator, the Securities and Exchange Board of India (SEBI), for violating disclosure norms.