Ola Electric Mobility Ltd

(OLAELEC)

Ola's Revenue Surges Ahead of Ather in 2023-24 - 16 Sep, 2024

Ola Electric Mobility Ltd reported a significant increase in revenue, selling 297,789 vehicles from April to August 2023, three times more than Ather's 73,497. Ola's strategic acquisition of Etergo BV has bolstered its market position as a scale player.

Ola Electric's Market Share Fluctuates Significantly - 15 Sep, 2024

Ola Electric, recently listed, saw its market share in India's electric two-wheelers rise to 49% in early 2024 but drop to 29% by September, indicating volatility in its market position.

Ola Electric Scooters Battery Capacity and Pricing - 13 Sep, 2024

Ola Electric Mobility's scooters are among popular models with battery capacities ranging from 2.88 kWh to 4 kWh, priced between Rs 90,000 and Rs 1.5 lakh.

Ola Electric Faces Market Share Concerns Amid Subsidy Boost - 12 Sep, 2024

Ola Electric Mobility faces challenges with market share loss and a widening net loss, despite a recent rally following government subsidies. HSBC maintains a buy rating, while Ambit Capital issues a sell rating, highlighting risks in the competitive EV landscape.

Arson Incident at Ola Electric Showroom in Karnataka - 11 Sep, 2024

A 26-year-old man was arrested for setting fire to an Ola Electric showroom in Karnataka due to dissatisfaction with e-scooter servicing. The incident highlights growing public frustration over Ola's service backlog, with damages estimated at Rs 8,50,000. Ola Electric has not yet commented on the situation.

Ola Electric Faces Rising Import Costs from China - 10 Sep, 2024

Ola Electric reported a significant increase in import costs from China, which rose to 37% of total material costs in FY24, up from 19% the previous year.

Ola Electric Shares Experience Volatility Post Lock-in Period - 09 Sep, 2024

Ola Electric Mobility shares faced volatility after the end of the lock-in period, dropping significantly before recovering. Analysts suggest caution amid ongoing losses and market fluctuations.

Ola Electric Faces Valuation Concerns Amid Lock-In Expiry - 08 Sep, 2024

Ola Electric Mobility Ltd's stock is considered overvalued despite a significant price increase. The end of the lock-in period allows 4% of shares to trade, raising market focus.

Ola Electric Faces Sales Decline and Share Pressure - 06 Sep, 2024

Ola Electric Mobility Ltd. shares fell over 3% as the anchor lock-in period ended, releasing 18.17 crore shares. Additionally, electric two-wheeler sales dropped 17% in August, with Ola experiencing a 34% decline and losing market share to competitors.

Ola Electric Mobility Experiences Volatility and Growth Prospects - 05 Sep, 2024

Ola Electric Mobility is navigating a volatile market with festive discounts, a focus on profitable growth, and plans for new products. Analysts project significant upside potential for its shares, despite recent market share declines.

Ola Electric Sales Decline in August 2024 - 04 Sep, 2024

Ola Electric's sales in August 2024 reached 27,506 units, a 46.7% year-on-year increase but down from July's 41,711 units. The company holds a 31% market share, down from 39% in July.

Ola Electric Faces Sales Decline and Market Share Drop - 03 Sep, 2024

Ola Electric reported a significant 34% drop in sales in August, leading to a market share decline to 31%. The company is also exploring new motorcycle segments to expand its business amidst challenges.

Ola Electric Partners with ONDC for Product Accessibility - 31 Aug, 2024

Ola Electric, co-founded by Bhavish Aggarwal, has partnered with the Open Network for Digital Commerce (ONDC). This collaboration will allow customers to access Ola Electric's products, including spare parts and electric vehicles, through the ONDC network, enhancing procurement options via the open-source platform.

Ola Electric Expands Sales via ONDC Network - 30 Aug, 2024

Ola Electric CEO Bhavish Aggarwal announced that anyone can sell Ola products through the ONDC network, enhancing accessibility. Despite a revenue increase in Q1 FY25, the company's losses widened to Rs 347 crore.

Ola Electric Products Set for ONDC Launch - 29 Aug, 2024

Ola Electric Mobility Ltd. will launch its products on the ONDC Network next week, following the recent introduction of its Roadster motorcycle lineup.

Ola Electric Faces Significant Share Price Decline - 27 Aug, 2024

Ola Electric's shares have dropped 20.44% from their peak, resulting in a loss of Rs 14,207 crore for investors in just five days. Despite strong sales growth, the company has yet to achieve profitability. Analysts remain optimistic about its future, particularly with plans for battery cell manufacturing.

Ola Electric Faces Significant Stock Decline Amid Losses - 26 Aug, 2024

Ola Electric Mobility Ltd's shares have fallen sharply, down 22% in five days, amid concerns over high valuations and widening losses despite revenue growth. The company has secured production-linked incentives for its scooters and plans a major battery investment, but analysts suggest further corrections may be necessary.

Ola Electric Gains PLI Approval for Scooters - 25 Aug, 2024

Ola Electric has received approval for four electric scooter models under the PLI scheme, qualifying for incentives of 13-18% of sales value, enhancing its market position.

Ola Electric Faces Profit Booking After Surge - 24 Aug, 2024

Ola Electric Mobility's stock experienced a 5% decline as investors took profits following a remarkable 107% increase since its debut. Co-founder Bhavish Aggarwal also addressed legal issues with MapmyIndia.

Ola Electric Faces Profit Booking After Price Surge - 22 Aug, 2024

Ola Electric shares surged over 80% since listing but faced significant profit booking, resulting in a decline of nearly 5% on August 22. The company reported a widening net loss of Rs 347 crore in Q1 FY25 and received PLI certification for new vehicles, while outlining a roadmap to profitability focused on two-wheelers and in-house battery production.