Ola Electric Mobility Ltd

(OLAELEC)

Ola Electric Addresses Service Issues Amid Growth - 16 Nov, 2024

Ola Electric remains a leader in India's electric two-wheeler market, with CEO Bhavish Aggarwal addressing service and maintenance concerns. Despite a backlog, he claims over 90% of issues have been resolved, and product quality meets industry standards. The company is expanding its service network to support its rapid sales growth.

Ola Electric Faces Regulatory Scrutiny Amid Complaints - 15 Nov, 2024

Ola Electric is under investigation by the CCPA due to unresolved consumer complaints. The company's shares hit an all-time low, reflecting ongoing pressure and negative sentiment in the market.

Ola Electric Faces Investigation Over Customer Complaints - 14 Nov, 2024

Ola Electric is under scrutiny from the CCPA and BIS due to over 10,000 complaints about service deficiencies and misleading claims, impacting investor confidence.

Ola Electric's New Platform and SoftBank's Exit Plans - 13 Nov, 2024

Ola Electric announced its Gen 3 platform debut in January 2025, promising technological advancements. SoftBank confirmed a gradual exit strategy while holding a 17.83% stake.

Ola Electric Faces Challenges Amid Earnings Disappointment - 12 Nov, 2024

Ola Electric Mobility Ltd. faced challenges in the second quarter, reporting disappointing earnings due to service quality issues and heightened competition, despite rising EV penetration in scooters.

Ola Electric Faces Challenges Amid Expansion Plans - 11 Nov, 2024

Ola Electric reported a narrowed net loss in Q2 FY25 but faced challenges with customer service complaints and stock price decline. The company is focusing on expansion and product diversification to regain market position, despite disappointing margins and a 52-week low share price.

Ola Electric Reports Revenue Growth Amid Loss - 10 Nov, 2024

Ola Electric Mobility Ltd reported a 39% revenue increase to ₹1,214 crore, while net loss narrowed to ₹495 crore from ₹524 crore last year, indicating progress despite challenges.

Ola Electric Narrows Loss Amid Revenue Growth - 09 Nov, 2024

Ola Electric Mobility reported a narrowed net loss of Rs 495 crore for Q2 FY25, with revenue increasing to Rs 1,214 crore. The company plans to expand its store network and launch 20 new products over the next two years.

Ola Electric Reports Q2 Loss Amid New Product Launches - 08 Nov, 2024

Ola Electric Mobility reported a narrowed net loss of ₹495 crore for Q2 FY25, with revenue rising 39% to ₹1,214 crore. The company plans to launch 20 new products over the next two years despite facing consumer complaints and a declining market share.

Ola Stock Reaches New Low Amid Decline - 06 Nov, 2024

Ola Electric Mobility's stock fell to an all-time low of Rs74.18, losing 8.5% in a day and 53.2% from its peak. The company will announce Q2 FY25 results on November 8, 2024.

Ola Electric Faces Refund Order Amid Stock Decline - 05 Nov, 2024

Ola Electric Mobility's shares fell over 7% after a lock-in period expired, coinciding with a consumer commission's order for a refund due to service issues.

Ola Electric Reports Sales Rise Amid Challenges - 04 Nov, 2024

Ola Electric reported a 74% increase in vehicle registrations in October 2024, selling 41,605 units. However, the company faces challenges with declining stock and market cap, with earnings announcement scheduled for November 08, 2024.

Ola Electric Shares Hit Record Low Amid Complaints - 03 Nov, 2024

Ola Electric Mobility's shares fell to a 52-week low following service quality concerns and a CCPA notice regarding over 10,000 customer complaints.

Ola Electric Achieves Record Sales in October 2024 - 02 Nov, 2024

Ola Electric Mobility Ltd reported its highest monthly sales in October 2024, with a 68% increase to 41,605 units, capturing a 30% market share. Discounts contributed to this growth amid various challenges.

Ola Electric Sees Significant Growth in October Registrations - 01 Nov, 2024

Ola Electric Mobility Ltd reported a 74% increase in vehicle registrations, totaling 41,605 units in October 2024. The company aims to expand its service network and increase market share in the electric two-wheeler segment, reflecting strong consumer demand, especially in Tier 2 and 3 markets.

Ola Electric Enhances Service Network and Capacity - 31 Oct, 2024

Ola Electric has increased its service capacity by 30%, adding over 50 centers and 500 technicians to address service backlogs. HSBC maintains a buy rating with a target price of Rs 110, despite recent service quality concerns. The company aims to double its service network by December 2024, reinforcing its market leadership with over 30% share in the e-scooter market.

Ola Electric Faces Challenges Amid Service Expansion - 30 Oct, 2024

Ola Electric's shares fell below IPO price due to service issues and regulatory scrutiny. The company is expanding its service network to improve customer satisfaction.

Ola Electric Shares Plummet Below IPO Price Amid Issues - 29 Oct, 2024

Ola Electric Mobility shares have fallen below their IPO price of ₹76, dropping to ₹74.82 amid rising consumer complaints and scrutiny. The company launched a festive sale to boost sales, but analysts predict continued bearish trends due to service issues. Despite selling over 34,000 units, the stock has lost over 50% of its market capitalization since its debut.

Ola Electric Faces Scrutiny Amid Share Price Decline - 28 Oct, 2024

Ola Electric Mobility Ltd faces significant scrutiny from the CCPA over unresolved consumer complaints, leading to a 51% drop in share price from record highs. HSBC also cut its target price due to ongoing service issues and increased competition, while the company's market share has plummeted from 52% to 27% in recent months.

HSBC Maintains Buy Rating on Ola Electric with Lowered Target - 27 Oct, 2024

HSBC maintains a 'Buy' rating on Ola Electric but lowers the target price to Rs 110 from Rs 140. Analysts noted service quality improvements but highlighted ongoing challenges. Despite a drop in stock price, Ola Electric remains a high-risk-reward investment, with potential upside linked to product quality and market share in the competitive electric two-wheeler segment.