OLA ELECTRIC NEWS
Ola Electric Q2 Results: Loss narrows YoY to Rs 362 crore, revenue falls 39%
Ola Electric Q2 Results: The electric two-wheeler maker's revenue from operations fell 39% year-on-year (YoY) to Rs 421 crore from Rs 690 crore in the year-ago quarter.
UPI sees Diwali boom; AI cracks Captcha
Diwali spending fuelled a surge in UPI transactions, with both payment volumes and values rising. This and more in today’s ETtech Top 5.
Centre's EV push puts electric mobility stocks in the fast lane; M&M, Ola Electric lead rally with gains of up to 5%
Electric mobility stocks rallied on Wednesday after the Centre made EVs the default choice for government staff-car procurement and doubled the price ceiling for electric cars to Rs 20 lakh. M&M led the gains, followed by Ola Electric, Hyundai Motor India and TVS Motor Company.
Broader markets crash! Small, midcap indices tumble up to 4%. Why analysts are sounding the alarm
Smallcap and midcap stocks plunged up to 4% on Friday, extending a sharp weekly selloff as analysts warned that valuations remain difficult to justify. The Nifty Smallcap 250 index has fallen around 8% this week, while the Nifty Midcap 100 is down 6%, despite a resilient earnings growth outlook.
Swiggy narrows loss in Q2; eMudhra cofounder on what went wrong
Happy Friday! Swiggy reported a rise in revenue in Q2 FY27 while cutting its losses. This and more in today’s ETtech Morning Dispatch.
Vodafone Idea appoints ex-Ola Electric executive Manoj Murali as COO
Vodafone Idea Ltd has appointed Manoj Murali as its new Chief Operating Officer, effective October 19. Manoj Murali brings over 25 years of experience in the telecom sector, having worked with companies like Reliance Jio and Bharti Airtel. He was most recently the Chief Business Officer at Ola Electric and has diverse operational expertise.
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Stocks in news: TCS, Adani Enterprises, Ola Electric, HCL Tech, Tata Power and Varun Beverages
Indian equities fell as the Reserve Bank of India increased the repo rate by 25 basis points. The Nifty 50 closed down 0.76%, facing resistance at the 22,800 level. Key corporate developments regarding Adani Enterprises, Tata Consultancy Services, Ola Electric, and HCL Tech will be in focus. Other companies like Jubilant FoodWorks and Bank of Baroda also reported significant updates.
Startup of the Year Groww bets on scale; Qcomm sparks festive credit surge
Happy Thursday! Groww is betting its newer businesses will take a bigger slice of its income. This and more in today’s ETtech Morning Dispatch.
Menlo Ventures on AI slowdown; Ola Electric CEO pledges stake
Happy Monday! Menlo Ventures, an early Anthropic backer, says the real AI constraint is compute, not a slowdown in frontier models. This and more in today's ETtech Morning Dispatch.
Palmonas' offline push; IndiaAI's GPU crunch
Happy Thursday! Demi-fine jewellery brand Palmonas is betting on offline stores, cofounder Pallavi Mohadikar said. This and more in today’s ETtech Morning Dispatch.
Piyush Goyal to headline ET Startup Awards; The Souled Store eyes fundraise
Happy Tuesday! Meet our distinguished guest of honour for The Economic Times Startup Awards 2026. This and more in today’s ETtech Morning Dispatch.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian equities reversed morning gains on Tuesday, with Sensex falling 330 points and Nifty closing lower after sharp volatility during the closing auction session. F&O expiry, foreign outflows, geopolitical uncertainty, IT pressure and elevated crude prices weighed on market sentiment.
Ola Electric ordered to refund Rs 1.34 lakh and pay another Rs 1 lakh in compensation and legal costs after failing to deliver Roadster X Plus bike despite receiving full payment
Ola compensation news: A consumer commission ordered Ola Electric to refund a customer Rs 1,34,161. This followed the company's failure to deliver an electric motorcycle for months after full payment. The commission also awarded Rs 90,000 for loss of livelihood and mental agony. Ola had argued delivery dates were indicative and depended on availability. The commission found Ola's explanation for the delay insufficient and ordered payment within 45 days.
Ola Electric shares surge 7%. What’s triggering the sharp uptick in EV major?
Ola Electric shares rallied on Thursday as value buying emerged after three consecutive sessions of decline. Around 6.87 crore shares worth Rs 270 crore were traded. The buying interest followed the company’s launch of its first batch of dealer-operated stores.
Ola Electric opens first batch of dealer-led stores, targets 500+ outlets
Ola Electric has opened its first dealer-operated stores across seven Indian states. This strategic shift aims to deepen its presence in regional markets and improve product accessibility. The company plans to establish over 500 dealerships in the coming quarters. Existing company-owned stores will transition into brand product experience centers. This move is expected to boost electric vehicle adoption among Indian households.
Slice’s big valuation cut; Betting networks under lens
Slice Small Finance Bank has raised fresh funding at less than half its previous valuation. This and more in today's ETtech Top 5.
Stocks in news: HDFC Bank, Ola Electric Mobility, NBCC and Knowledge Realty Trust
Indian equity markets closed higher on Friday, ending a losing streak with IT stock gains. HDFC Bank's CEO will not seek reappointment, while Mahindra & Mahindra expanded its EV battery service. Ola Electric received incentives, and Knowledge Realty Trust saw an offer for sale launch. NBCC signed an infrastructure project deal with NHPC, and KP Green Engineering secured new orders.
Ola Electric ordered to pay Rs 25,000 compensation, refund Rs 1.03 lakh to Kerala man over faulty scooter
A Kerala consumer commission found Ola Electric guilty of service deficiency and unfair trade practices. The commission ordered Ola Electric to refund the scooter's purchase price of Rs 1,03,999. It also directed the company to pay Rs 25,000 compensation and Rs 5,000 for costs. The customer's electric scooter had repeated faults during its warranty period. Ola Electric failed to provide adequate after-sales service for the defective vehicle.
Ola Electric shares fall 6% even as Q1 loss narrows. Why brokerages see up to 51% downside
Ola Electric shares fell after the company reported a narrower Q1 FY27 net loss of Rs 336 crore, compared with Rs 428 crore a year ago. However, revenue from operations declined 45% YoY to Rs 455 crore, despite rising 72% QoQ from Rs 265 crore in Q4 FY26.
Ola Electric shares jump 10%, surge 120% in just 12 weeks. Does this rally have more steam left?
Shares of Ola Electric Mobility surged 10% on Tuesday, extending a sharp rebound that has lifted the stock nearly 120% from its March low. Despite the rally, shares remain over 31% below their 52-week high and far from lifetime peak levels. Analysts see the breakout as an early trend reversal but caution that sustaining gains will require continued volume support and price stability.
Ola Electric deploys 250-member taskforce to clear service backlogs, signals major after-sales overhaul
Ola Electric has launched a major nationwide service overhaul, deploying a 250-member rapid-response team to clear repair backlogs and improve after-sales support for its growing electric scooter fleet. The team—comprising technicians and operations specialists and guided by senior leadership—has nearly resolved service delays in Bengaluru and will expand the model to other cities.
Ola Electric Tech gets Rs 250 crore from Ola Cell Tech
Ola Electric Technologies is set to raise Rs 250 crore from fellow subsidiary Ola Cell Technologies through preference shares. This move follows a previous Rs 878 crore infusion and comes as Ola Electric aims to bolster its financial standing and operational flexibility across its EV ecosystem, including in-house battery cell production.
Ola Electric shares shed 8% after 3.2% stake changes hands in block deal
Ola Block Deal News: Ola Electric Mobility shares faced a decline after a significant block deal. Approximately 3.2% of equity changed hands. This transaction occurred amidst ongoing worries about the company's financial health. Hyundai is reportedly the seller. The stock has experienced sustained selling pressure recently. Weak Q4 earnings also contributed to the downturn.
Ola Electric shares drop 5% following report of raids and seizures over rule violations
Shares of Ola Electric Mobility dropped 5% to Rs 53.78 on Monday after a report revealed the company faced raids and seizures for alleged regulatory violations. Bloomberg highlighted that 95% of its showrooms lacked the necessary certifications under India's Motor Vehicles Act. Despite expanding to 4,000 stores, only around 100 out of 3,400 showrooms had proper trade certificates.
Ola Electric shares rally over 14% on market share gains, launch of Gen 3 electric scooter
Ola Electric shares: Ola Electric Mobility shares surged 14.4% to Rs 76.5 after its market share rose to 30% in January, up from 19% in December. The company launched the Gen 3 model, expected to bring 20% margin savings. However, HSBC downgraded the stock to "Hold" citing volume disappointments and increased competition, lowering the target price to Rs 70.
Ola Electric plans to expand sales, service infra to 10k outlets by 2025-end
Ola Electric announced plans to establish 10,000 sales and service outlets by the end of 2025 to enhance its presence in smaller cities and towns, particularly in tier-2 and tier-3 areas with low EV penetration. The company has launched a network partner program and has already onboarded 625 partners, aiming for 1,000 before the festive season.
Ola Electric IPO opens tomorrow. Here's what GMP signals ahead of issue launch
The company has lowered the pricing for the public offer to attract more investors. At the upper end of the price band, the post-issue market valuation comes to around Rs 33,522 crore.
Ola Electric files draft papers for IPO, to raise Rs 5,500 crore via fresh issue
Promoter Bhavish Aggarwal will offer upto 4,73,94,014 shares in the OFS, and Indus Trust, which is also a part of the promoter group entity, will offer upto 41,78,996 shares. This is the first IPO by an automaker in India in over 20 years. The last IPO in the automobile sector was made by Maruti Suzuki (then Maruti Udyog) in 2003.
Ola Electric converts into public limited company ahead of IPO filing
The conversion of a private limited company into a public company is a mandatory step for a firm that wants to list on the stock exchange. Consequently, the name of the firm has been changed to Ola Electric Mobility Ltd from Ola Electric Mobility Private Limited, according to the regulatory filings.
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