OLA ELECTRIC SCOOTER
Ola Electric shares jump 7% ahead of Q2 results, extends EV-policy rally
Ola Electric shares have rallied 9% in two sessions, adding over Rs 1,400 crore to the company's market value after the Centre made EVs its preferred choice for government staff-car procurement. Investors are now awaiting the electric two-wheeler maker's Q2 results for signs of a recovery in its business.
ET Prime Special Series: Multibagger or IBC – Part 84: Can rising demand for decorative features drive this auto ancillary's growth?
A car can change its engine and still look almost the same. It can also keep the same engine and look so different that buyers happily pay more for it. That is the peculiar corner of the automobile industry this story explores. For one listed supplier, the shift to EVs may be less threatening than it sounds. The bigger question is whether changing consumer preferences can help it build a more valuable business.
Electric two-wheeler sales hit record 2.24 lakh units in October on festive demand, new models
TVS Motor retained its leadership in October, nearly doubling registrations to 60,433 units and expanding its market share to 27% from 20.6% in the same month last year. Hero MotoCorp also gained ground, with its share rising to 13.4% from 10.9%, while Bajaj Auto maintained its market share at nearly 22%.
Ola Electric shares dip 5% after Goldman Sachs downgrades stock to Sell. Here’s why
Ola Electric shares fell sharply on Friday after Goldman Sachs downgraded the stock to Sell from Neutral and cut its target price to Rs 23, implying a 28% downside. The brokerage lowered its FY27-FY29 revenue estimates by up to 10%, citing prolonged operating losses and challenges in sustaining market share.
E-bike startup Ultraviolette targets 10,000 monthly sales by 2027-end
E-scooters account for close to 20% of new scooter sales in India, while electric motorcycles make up less than 1% of new motorcycle sales, he added. He expects electric motorcycle adoption to pick up as more manufacturers introduce products, similar to the increase seen in e-scooter penetration over the past three years.
Ather Energy gets Irdai licence, will distribute and service insurance policies
The Insurance Regulatory and Development Authority of India granted the subsidiary a certificate of registration on October 15 to act as a corporate agent (composite), Ather Energy said in a stock exchange filing on Thursday. The registration covers life, general and health insurance.
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OIa Electric rights issue: Last day to buy EV scooter maker’s shares to be eligible for Rs 1,000 crore rights issue
The Bhavish Aggarwal-led company last week fixed the issue price for its rights issue at Rs 27 per equity share, around 23% lower than the stock’s previous closing price of Rs 35.13 apiece on NSE, with the amount payable in two calls.
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.
Electric two-wheeler sales cross 15 lakh in just nine months as adoption rockets
E2W registrations rose 7.7% month-on-month to 1.97 lakh units in September, taking cumulative registrations in January-September to 15.61 lakh units, according to Vahan vehicle registration data, a proxy for sales. In comparison, in 2025, EV two-wheeler makers sold a total of 9.61 lakh units during the same period.
Ola Electric shares tumble 9% after 17% rally in 4 days. Why brokerages remain cautious
Ola Electric shares fell sharply on Friday, snapping a four-day winning streak as investors assessed the EV maker’s proposed rights issue and ongoing funding needs. Despite a recent recovery, the stock remains well below its peak. Brokerages including Citi and Kotak continue to maintain bearish views, citing operational and cash-burn concerns.
Ola Electric shares soar 10%, stock rallies 86% in 6 months. More upside ahead?
Ola Electric shares surged nearly 10%, extending their three-session rally and gaining over 86% in six months from the March low. Brokerages, however, remain cautious amid weak volumes, lower margins and continued cash burn.
Electric two-wheeler maker Ultraviolette to invest Rs 779 crore in new manafacturing facility in TN over next 5 years: CEO Narayan Subramaniam
Electric two-wheeler maker Ultraviolette will establish a new manufacturing facility in Hosur, Tamil Nadu. The company plans to invest Rs 779 crore over the next five years for this expansion. This new BIGGA Factory will have an initial capacity of 250,000 vehicles annually. The facility will support the production of Ultraviolette's Tesseract electric scooter and future models.
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.
Ather & Ola Electric: A tale of two contrasting rides
Ather Energy's stock price has significantly increased since its IPO. Ola Electric's shares are currently trading below their initial public offering price. Ather's average monthly sales have risen, while Ola's have declined sharply. Product development and management strategy differentiate these two electric scooter companies. Hero MotoCorp continues to invest in Ather, showing strong confidence in its future.
Ola Electric opens first dealer-led stores across India
Ola Electric has launched its first dealer-operated stores across India. This strategic shift aims to deepen its product ecosystem nationwide. The company plans to establish over 500 dealerships in coming months. Ola Electric is facing declining sales and market share amid competition. BVR Subbu rejoins as senior advisor to support this network rollout.
Ola Electric shares gain 4% as EV maker rolls out first dealer-led stores
Ola Electric shares rose nearly 4% after the EV maker launched its first dealer-led stores across seven states. The move comes a month after opening its sales and service network to partners. Ola Electric plans to expand to more than 500 dealerships over the next couple of quarters to strengthen its retail presence.
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.
Ola Electric shares rally over 5%, rebound 79% from March low. Here’s what’s driving the stock
Ola Electric shares rallied on Friday after the EV maker launched its new S1Z scooter range with indigenous Bharat Cell LFP technology. The stock has rebounded nearly 79% from its March low, while the new models target India’s mass-market EV segment with prices starting at Rs 79,999.
Ola Electric brings indigenous Bharat Cell LFP tech to mass market with all-new S1Z
Ola Electric introduces the S1Z scooter featuring indigenous LFP battery technology. This new range aims to bring advanced technology to the mass market segment. The S1Z will be available in two variants with different battery capacities. Deliveries for these models are scheduled to commence in late 2026 and early 2027. The company is expanding its retail network through dealer-operated stores.
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.
Frustrated Man seen smashing Ola Electric scooter with hammer, watch viral video
An Ola Electric scooter was damaged by a man with a hammer. This follows reports of quality and customer service issues. A man set fire to an Ola showroom in Karnataka after facing service problems. Another Ola showroom in Indore caught fire last month. Ola Electric has not yet commented on these incidents.
Ola Electric scooter fire being investigated in southern Kerala
This is the second known incident of an Ola S1 range scooter catching fire. Investigations are on into the incident in Nedumangad in Kerala.
Here is how you can get an Ola electric scooter for free
The Bengaluru-based company has been attempting to regain user trust after the recent incidents of fire on its electric scooters.
Ola says deliveries on track amid complaints from dealers' body
According to FADA president Vinkesh Gulati, Ola Electric has claimed 10 million capacity at its Tamil Nadu plant and 4,000 dispatches of its electric scooters, but as of Wednesday, only 500 vehicles have been actually sold to customers.
Ola Electric scooters purchase window only from December 16
Ola Electric has postponed by a month and a half the date for the next purchase window of its electric scooters because of 'unprecedented' demand, the company said in a statement.
Sold four Ola Electric scooters every second at peak, says Bhavish Aggarwal
Ola’s electric scooter was made available on Wednesday for customers who had pre-booked its S1 and S1 Pro models. It faced technical issues last week because of which it postponed the sale process by a week.
Ola restarts electric scooter sale, booking on app only
Ola Electric has restarted the sale of its electric scooters—S1 and S1 Pro—on the Ola app only as the website meant for bookings faced technical difficulties last week. The app is also accepting fresh bookings at Rs 499.
Ola Electric starts booking for scooters at Rs 499
In a tweet, Ola Electric said, "It’s day 1 of the revolution, the day we’ve all been eagerly waiting for! The Ola Electric Scooter can now be reserved at just Rs. 499."
Ola electric scooter booking starts ahead of launch
Consumers can reserve their Ola electric scooter on olaelectric.com by paying a refundable deposit of Rs 499. Those who reserve now will get priority delivery.
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