Ola Electrical: Ola Electrical’s monetary efficiency took a pointy beating within the fourth quarter (This autumn) of FY25, because the Bhavish Aggarwal-led electrical car maker on Thursday reported a steep drop in income and a twofold enhance in web losses on a year-on-year (YoY) foundation. The corporate posted a web lack of Rs 870 crore…
Ola Electrical stated the backlog that arose from the info mismatch has been cleared, however the authorities has sought data on the matter. File | Picture Credit score: Reuters A unit of Ola Electrical has settled its dues with car registration company Rosmerta Group, the electrical scooter maker stated on Tuesday (March 24, 2025). Rosmerta…
Whereas the whole variety of registrations by Ola Electrical on the Vahan portal for February stood at 8,652, the corporate had reported gross sales of greater than 25,000 models throughout February 2025. File | Picture Credit score: Reuters Ola Electrical Mobility Restricted on Friday (March 21, 2025) stated Ministries of Heavy Industries, and Highway Transport…
Mar 20, 2025 05:15 PM IST It is because the corporate claimed to have bought 25,000 automobiles in February, although solely 8,600 have been registered as per the Vahan Portal. Ola Electrical is at present going through elevated regulatory scrutiny with the Ministry of Heavy Industries looking for particulars about discrepancies between the its reported…
Mumbai: The Maharashtra authorities has intensified its scrutiny of Ola Electrical shops over alleged commerce violations, including to the challenges confronted by Bhavish Aggarwal-led electrical car (EV) maker. Officers from 5 regional transport workplaces inspected 26 Ola Electrical shops in Mumbai and Pune to examine for commerce certificates, based on sources. In consequence, authorities additionally…
Consultant picture | Picture Credit score: Reuters Ola Electrical Mobility Ltd on Saturday (March 15, 2025) stated its automobile registration service supplier Rosmerta Digital Companies Ltd has sought the initiation of insolvency proceedings towards its wholly owned arm Ola Electrical Applied sciences Pvt Ltd. In a regulatory submitting, the corporate stated, “A petition has been…
New Delhi: Bhavish Aggarwal-run Ola Shopper, which runs the cab-hailing service, on Thursday reported 21 per cent decline in its consolidated income from operations and different revenue for the final fiscal (FY24). The corporate’s consolidated income from operations and different revenue decreased by 21.06 per cent to Rs 2,368 crore as in comparison with Rs…
New Delhi: Electrical automobile (EV) firm Ola Electrical Mobility Restricted has obtained an administrative warning from the markets regulator, the Securities and Alternate Board of India (SEBI), for violating disclosure norms. The rationale cited is that Ola Electrical introduced its e-scooter enlargement plans first on social media as an alternative of saying it on the…
Picture Supply : X/@_BAJAJ_AUTO_LTD Bajaj Auto CEO takes a dig at Ola Electrical as EV rankings shift Bajaj Auto CEO Rajiv Bajaj took a lightweight jibe at rival Ola Electrical throughout an award perform. Describing the Bajaj Chetak because the best-selling electrical scooter in India, Bajaj stated, “Ola toh Ola hai, Chetak toh shola hai.”…
