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Ola Electric Mobility today announced that it has received the Certification for Compliance with the eligibility assessment requirements under the Production Linked Incentive (PLI) Scheme for its Roadster X+ 11 kW 4.5 kWh from the Global Automotive Research Centre (GARC) under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme). With this, Roadster X+ 4.5 kWh becomes the first motorcycle in the Roadster portfolio to receive PLI certification, marking a si ...Read More >
Summary The Bureau of Energy Efficiency (BEE) started consultations with electric two-wheeler makers on 2 April, as it looks to rev up its five-year-old 'Go Electric' campaign, eyeing a micro-level awareness on EV benefits, two people aware of the matter said. The West Asia war-triggered energy supply shocks are pushing India to speed up its shift to electric mobility to cut its oil import dependence and cushion the economy from volatility. Towards this, the Bureau of Energy Efficiency (BEE) s ...Read More >
Chennai, April 2 (UNI) Indian government-owned NewSpace India Limited (NSIL) and Hyderabad-based aerospace firm Dhruva Space Private Limited have signed a memorandum of understanding (MoU) to jointly work on the design, manufacture, testing, and supply of solar panels for global satellite manufacturers. Chennai, Apr 2 (UNI) Battery powered two wheeler maker Ola Electric Mobility Ltd today announced price reduction of Rs.60,000 for its electric motorcycle, Roadster X 9.1 kWh, enabled by rapid ec ...Read More >
Chennai, Apr 2 (UNI) Battery powered two wheeler maker Ola Electric Mobility Ltd today announced price reduction of Rs.60,000 for its electric motorcycle, Roadster X 9.1 kWh, enabled by rapid economies of scale at its Gigafactory and deep vertical integration of its indigenously developed 4680 Bharat Cell. As cell production has ramped up, cost efficiencies have improved materially, allowing Ola Electric to pass on these benefits directly to customers, the company said. ...Read More >
New Delhi, Apr 2 (PTI) Ola Electric on Thursday announced a price reduction of Rs 60,000 on its flagship electric motorcycle, Roadster X+ 9.1 kWh powered by its 4680 Bharat Cell. The move has been enabled by rapid economies of scale at its Gigafactory and deep vertical integration of its indigenously developed 4680 Bharat Cell, Ola Electric said in a statement. As cell production has ramped up, cost efficiencies have improved materially, allowing Ola Electric to pass on these benefits directly ...Read More >
Bengaluru: Ola Electric is reshaping both pricing and sales strategy as demand accelerates sharply. Ola Electric has reduced the price of its flagship Roadster X+ 9.1 kWh from Rs 1,89,999 to Rs 1,29,999, a drop of Rs 60,000. The company attributed the reduction to improved cost efficiencies achieved through scaling production of its indigenously developed 4680 Bharat Cell at its Gigafactory. The company is moving away from open sales to a controlled, time-bound purchase model. The first purcha ...Read More >
Mumbai: Shares of Ola Electric Mobility Ltd saw a sharp rise on Wednesday after the company released its March business update. The stock gained over 12 percent, reflecting strong investor interest. Around 1:22 PM on the BSE, the share was trading at Rs 25.69, up by Rs 2.89 or 12.68 percent. During the day, it touched a high of Rs 26.04 and a low of Rs 23.17. The stock had opened at Rs 23.99, compared to its previous close of Rs 22.80. The company's market capitalisation stood at around Rs 10.7 ...Read More >
On the other hand, Bengaluru led home sales with 17991 units, followed by Pune with 16144 units and Thane with 15959 units. "Housing sales continued to moderate in the first quarter of 2026, with Delhi-NCR and Bengaluru emerging as outliers. This reduction is due to low supply across most cities. Close to 22,000 fewer units were supplied in Q1 2026 as compared to the same period last year," Samir Jasuja, founder and CEO, PropEquity, said. While Bengaluru led with 17,991 units sold, followed by ...Read More >
New Delhi, Apr 1 (PTI) Ola Electric on Wednesday announced a strong comeback in business performance with daily orders crossing 1,000 units in the last week of March 2026 and registrations rising to 10,117 units during the month (as per VAHAN), up from 3,973 units in February, translating to over 150 per cent month-on-month growth signaling a sharp resurgence in demand momentum. Market share also witnessed a V-shaped M-o-M recovery, with the company continuing to gain share through the month, O ...Read More >
New Delhi: Electric cars and two-wheelers clocked record monthly sales in March as customers advanced purchases amid aggressive promotions and fears of fuel and vehicle price hikes in FY27. Electric car registrations -- a proxy for retail sales as carmakers report only dispatches to dealers -- rose 49% on-year to 19,711 units in March, while those of electric two-wheelers surged 36% to 177,485 units, Vahan portal data on Tuesday showed. Also Read: India's EV transition must be inclusive, econo ...Read More >
NEW DELHI: Bhavish Aggarwal, co-founder of electric two-wheeler (e-2W) company Ola Electric Mobility, on Tuesday sold 2.6 crore shares, representing a 0.6% stake in the company, through a bulk deal. The share sale comes at a time when Ola Electric's shares have been hammered on the exchanges and are trading near their all-time low levels. The shares were offloaded at an average price of Rs 34.99 per share, bringing the total deal size to Rs 92 crore. Shares of Ola Electric crashed 8.5% on Tuesd ...Read More >
Housing sales across India's top eight cities saw a slight increase in the July-September quarter. New housing unit launches also grew compared to the previous year. Demand in premium segments remains strong. However, affordable housing faces challenges due to price rallies. Developers are encouraged to boost supply in this vital segment to improve affordability for end-users. Sales of residential properties across the top eight cities rose slightly to 96,827 units in July-September on strong d ...Read More >
The proposed fundraise marks Ola Electric's first major equity move since its initial public offering (IPO) in August 2024, when it raised ₹5,500 crore. Electric two-wheeler maker Ola Electric has convened a board meeting on October 25 to evaluate a proposal to raise fresh capital through equity or other eligible securities, the company said in a stock exchange filing. The Bengaluru-based EV manufacturer said the board will consider raising funds through private placement, preferential issue, ...Read More >
Arvind left a 28-page note alleging workplace harassment. His brother claimed the company paid ₹17 lakh posthumously, raising concerns of a cover-up. The Bengaluru police has booked Ola Electric's head for vehicle homologations & regulations, Subrat Kumar Dash, and founder Bhavish Aggarwal in connection with the suicide of their colleague K Aravind. A homologation engineer at the company's Koramangala office, 38-year-old Aravind ended his life on September 28 by consuming poison. His friends ...Read More >
Bengaluru (Karnataka) [India], October 21 (ANI): Ola Electric has expressed grief over the death of homologation engineer K Aravind, who allegedly consumed poison on September 28. A company spokesperson said their thoughts are with Aravind's family during this difficult time. Ola Electric, in a statement on Monday, added that Aravind never "raised any complaints" about his employment or harassment, and his role did not involve direct interaction with the company's top management. "We are deep ...Read More >
Bengaluru (Karnataka) [India], October 20 (ANI): Ola Electric has challenged before the Karnataka High Court an FIR registered against its CEO Bhavish Aggarwal, senior officer Subrata Kumar Das, and the company in connection with the suspicious death of an employee, a company spokesperson said on Monday. The court has granted protective orders in favour of Ola Electric and its officials. The FIR was registered on October 6 under Section 108 of the Bharatiya Nyaya Sanhita (BNS), read with Sectio ...Read More >
Bengaluru: Comedian Kunal Kamra expressed solidarity with the family of K Aravind, a 38-year-old Ola Electric engineer who died by suicide in Bengaluru, allegedly due to workplace harassment. "My condolences & solidarity with the family of the young engineer K Aravind... If the family needs legal support I'm sure a lot of good folks would be willing to pursue the case & bring justice to Aravind's family," Kamra wrote on X. Have a look at his post here: Engineer leaves behind 28-page note nami ...Read More >
BENGALURU: A 38-year-old engineer working with Ola Electric in Koramangala allegedly died by suicide on September 28, with a recovered note accusing top company executives of workplace harassment and mental pressure. A criminal case has now been registered against Ola CEO Bhavish Aggarwal, senior engineer Subrat Kumar Das, and others for alleged abetment.The deceased, K. Aravind, had been working with Ola Electric since 2022. His family was reportedly taken aback when a sum of Rs 17.46 lakh was ...Read More >
Bengaluru, Oct 20 (PTI) A case has been registered against the founder of Ola Electric and other senior officials of the company following the suicide of a 38-year-old engineer, who had accused them of "harassment", police said on Monday. The deceased identified as K Aravind, had been working as a Homologation Engineer with Ola Electric in Koramangala since 2022. In a statement, the company spokesman said the firm has challenged the registration of the FIR before the Karnataka High Court, and ...Read More >
New Delhi, October 20: The Bengaluru police have registered a case of abetment to suicide against Ola founder and CEO Bhavish Aggarwal and senior executive Subrath Kumar Das after an employee allegedly took his own life. The deceased, 38-year-old K Aravind, is said to have left behind a 28-page death note in which he accused his seniors of workplace harassment. Police said the case was filed following a complaint by Aravind's brother, Ashwin Kannan. According to officials, the FIR names Bhavish ...Read More >
Hyderabad: Ola Electric on Wednesday launched 'Ola Shakti', a portable device that can power homes, business establishments, and farm equipment. With this, the Bengaluru-based electric vehicle maker has forayed beyond mobility and entered into the Battery Energy Storage Systems (BESS), a Rs 1 lakh crore sector projected to surpass Rs 3 lakh crore in value by 2030. "We didn't name the company Ola Auto; we named it Ola Electric, and our vision has always been to bring the whole energy storage sup ...Read More >
New Delhi, Oct 16 (PTI) Ola Electric on Thursday said it has forayed into the country's Rs 1 lakh crore battery energy storage systems market, which is projected to grow to over Rs 3 lakh crore by 2030. The company has launched Ola Shakti, its first residential Battery Energy Storage System (BESS) solution. "India doesn't face an energy shortage; it faces an energy storage opportunity. With Ola Shakti, we are turning that opportunity into energy independence," Ola Electric CMD Bhavish Aggarwal ...Read More >
New Delhi, Sep 30 (PTI) Ola Electric Mobility on Tuesday said its unit has received approval from the board as well as shareholders to raise Rs 878 crore by issuing preference shares. Ola Electric Technologies Pvt Ltd obtained approval from its Board and shareholders to raise funds by way of issuance of up to 87,76,40,000 non-cumulative and non-participating 0.001 per cent Series A Optionally Convertible Redeemable Preference Shares of face value Rs 10 each, at a consideration of Rs 877.64 cror ...Read More >
New Delhi: Electric two-wheeler maker Ather Energy has granted fresh employee stock options (ESOPs) totalling 12.7 lakh equity shares under its 2025 plan, according to regulatory filings. The company's nomination and remuneration committee approved 9.7 lakh stock options for eligible employees, while the board of directors cleared an additional 2.9 lakh stock options for key managerial personnel and senior management. In total, 12,74,424 shares have been allotted. Based on Ather's BSE closing ...Read More >
New Delhi: Ola Electric on Tuesday unveiled a special edition of Roadster X+, to mark the milestone of one-millionth vehicle roll-out from its Future Factory in Krishnagiri, Tamil Nadu. The special edition has been launched in a midnight blue finish with sporty red accents on the dual-tone seat, rims, and battery pack. The celebratory model also incorporates badges made from recycled copper waste and electroplated bar ends, highlighting the brand's sustainability focus. Ola Electric's growth h ...Read More >
BENGALURU: What was once billed as India's challenger to global giants in artificial intelligence and semiconductors has quietly dwindled into a shadow of those ambitions. Krutrim, the AI venture founded by Ola's Bhavish Aggarwal, is now largely sustained by his personal wealth and loans tied to his Ola Electric stake, with most of its marquee projects abandoned. "The money that was raised from Z47 (formerly Matrix Partners India) is long gone," said a senior executive familiar with the company' ...Read More >
New Delhi: Ola Electric has filed a claim of around Rs 400 crore incentive under the government's production-linked incentive (PLI) scheme, reinforcing its compliance with rigorous localisation and regulatory requirements, according to sources. As per industry sources, Ola has filed the claim with eligible sales of about Rs 3,000 crore for FY25, translating into an expected incentive of nearly Rs 400 crore. The incentive, calculated at a rate of 13 to 14 per cent, is expected to significantly s ...Read More >
Mumbai: A majority of new-age companies that set the primary market buzzing with their initial public offerings and listing day gains have failed as long-term wealth creators for IPO and post-IPO investors, according to a study tracking 25 such firms listed between May 2020 and June 2025 across fintech, logistics, consumer internet, quick commerce, and SaaS (Software as a Service). Only 36 per cent of IPO investors and 32 per cent of post-IPO investors generated positive alpha despite strong li ...Read More >
According to sources close to the company, features like AI chatbot and voice assistant powered by Ola Krutrim, predictive service, among others could make its way to the MoveOS 6.Ola Electric on Tuesday released a teaser announcing the latest MoveOS 6 software for its electric two-wheelers. The company recently announced its annual 'Sankalp 2025' event and is expected to share more details on MoveOS 6 on the day of the event. In the video teaser, the EV maker hinted at artificial intelligence ...Read More >
New Delhi, Jul 15 (PTI) Ola Electric could gain market share in the near term with relatively less disruption expected due to rare earth magnets shortage, according to a report by Goldman Sachs. The company has successfully developed heavy rare earths (HRE) free motors which are scheduled for production deployment in Q3 FY26. Ola Electric expects relatively low disruption from rare earth shortages and could gain market share in the near term as a result, Goldman Sachs stated. The company mana ...Read More >
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