Ola electric Archives -

Ola Electric’s shares fell heavily, hit lower circuit of 4 percent; Company started reboot service

Admin — Thu, 04 Dec 2025 09:20:17 +0000

Ola Electric Share: Thursday seems to be a very bad day for Ola Electric Mobility Ltd. Today’s shares have reached their lowest level ever. During stock market trading, Ola Electric’s shares were seen slipping by 4.39 percent and trading at Rs 36.36, which is the lowest level of the stock since its listing.

half of the sale is left

The company has today started the reboot service to clear its after-sales backlog. Actually, Ola two-wheelers started facing some problems before September last year. Most of the complaints were about scooters catching fire, tires coming out or scooters breaking.

When the number of complaints crossed the 1 lakh mark, the company started taking it seriously because according to reports, its sales in the electric two-wheeler vehicle market reached its lowest level in the last 36 months. In such a situation, the company started Reboot Service to increase sales and improve its position.

Now there is no problem in servicing

The company’s CEO Bhavish Aggarwal has taken a big step to complete the pending repairs for the electric scooter base and improve the availability of spare-parts. In this sequence, it has been decided to deploy a rapid-response team of 250 people, which will include technicians and operational specialists.

The core leadership will work to lead the team. The company aims to completely change the way electric two-wheelers are serviced in India. This team will not only solve the problems arising in the scooter, but will also work to solve any battery related problems. With this, efforts are also being made to reduce the waiting time for servicing.

There was a decline yesterday also

Ola’s shares had fallen by 5 percent on Wednesday and the situation is the same even today. Shares of Ola Electric Mobility have slipped by 26 percent in a month. Yesterday the stock had fallen to the level of 38 and today it has reached its lowest level. This decline is being seen in the stock due to deteriorating sentiments of investors regarding the company’s business.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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Big upheaval in EV market! Ola slipped to 5th position, Hero Vida became the new challenger, see November sales report

Admin — Tue, 02 Dec 2025 10:38:45 +0000

The Indian electric two-wheeler market is growing very fast and Ola Electric was at the top in this market for a long time. The success of Ola S1 scooter and Roadster electric bike had kept the company at number-1 continuously, but the report of November 2025 has surprised everyone. Ola Electric has now fallen straight to 5th position and has been overtaken by Hero Vida. Let us know the big reason behind this.

Increasing complaints on social media become a problem for Ola

The biggest reason for the decline of Ola Electric is being said to be the increasing anger of the customers. Thousands of users are continuously expressing their dissatisfaction with the company’s service and products on social media. Issues like frequent malfunctions, not getting service and not responding properly to customer support have troubled people. Many customers have also said that technical faults occur frequently in their scooters and they have to wait a long time for repairs. These complaints started from the end of 2023 and became a big controversy in 2024. This had a direct impact on the company’s image and is now visible on sales as well.

Huge decline of 71% in sales in November 2025

There was a time when Ola Electric used to sell the maximum number of electric scooters every month, but in the last months of 2025 the situation started changing rapidly. Figures for November 2025 show that the company’s sales have declined by 71%. Ola sold only 8,400 units this month and due to this big decline it directly dropped to 5th position. That means now Hero Vida, which till some time ago people considered a weak option, has left Ola Electric behind.
Let us tell you that only good design or powerful scooter is not useful in the auto industry. Customer experience, service and trust are most important. If users get angry, even the biggest brand can lose its place in the market. If Ola Electric does not improve its service and quality, the situation may become more difficult in the coming months.

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Bajaj overtakes TVS, shows strength in e-scooter segment, see list of top 10 companies

Admin — Wed, 12 Nov 2025 14:47:35 +0000

Festival season in India is always considered a special time for automobile companies. This time, i.e. in October 2025, the sales of two-wheelers left all expectations behind. The special thing is that this time the maximum shine was seen in the electric two-wheeler segment. More than 1.44 lakh electric scooters and motorcycles were sold in the country in a single month, which is a new record for the EV industry. Although this increase was only 2% in annual comparison, the month-on-month growth reached 38%.

Bajaj Auto wins, becomes number 1 brand

Bajaj Auto’s performance has been the biggest surprise this time, Bajaj has left behind giants like TVS and Ather Energy. The company achieved the top position in the market by selling 31,246 units of its Chetak Electric Scooter. These sales were approximately 12 thousand units more than in September 2025, due to which Bajaj got a monthly growth of 59%. According to year-on-year figures, a 10% jump was recorded in the company’s sales. The increasing demand for Chetak has made it clear that customers are now increasingly leaning towards premium and reliable EV scooters.

Tough competition between TVS and Ather

TVS Motor Company lagged behind Bajaj by a small margin, which sold 29,515 units of electric scooters in October. Although there was a slight decline in annual sales, the month-on-month growth was 31%. This means that the company’s flagship model TVS iQube is again gaining hold in the market. Ather Energy, which was ranked third, also made a great comeback. The company sold 28,101 units, which is 73% more than last year. The company’s market share increased significantly due to the new Ather 450 Apex and Rizta models.

Ola Electric’s decline and Hero Vida’s entry

Ola Electric, which was once called the king of the electric scooter market, has now come to fourth place. The company sold only 16,036 units in October. Although this shows an increase of 20% compared to September, there was a huge decline of 62% in annual sales. On the other hand, Hero MotoCorp’s electric brand Vida performed better by selling 15,952 units and made it to the top 5.

Impact of new and emerging companies

Companies like Greaves Electric Mobility, Bgauss Auto, Pure EV and River Mobility have also made their mark in the market with their performance. Greaves Electric sold more than 7,600 units thanks to the Ampere series, while new players like Pure EV and River Mobility recorded growth of more than 300% year-on-year.

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Relief to CEO Bhavish Aggarwal in Ola engineer suicide case, court tells Bengaluru police not to harass in the name of investigation.

Admin — Wed, 22 Oct 2025 07:35:19 +0000

Ola Employee Suicide Case: Ola Electric CEO Bhavish Aggarwal has got some relief in the case of suicide of a 38-year-old engineer. Karnataka High Court has ordered Bengaluru Police not to harass Ola Electric Mobility founder Bhavish and others. Let us tell you that Bengaluru Police has registered a case of abetment to suicide against Bhavish as well as senior executive Subrata Kumar Das.

Justice Mohammad Nawaz, in an order passed last week, said that the police should not harass petitioners Bhavish Aggarwal, Ola Electric Company and Subrata Kumar Das in the name of investigation. According to Hindustan Times report, the court said, “The police are investigating the case registered at Subramanyapura Police Station, Bengaluru City. The police will not harass the petitioners under the guise of investigation.” The name of the deceased engineer was K. Aravind, who was working as a homologation engineer in Ola Electric since the year 2022.

Aravind’s elder brother lodged a complaint

Aravind’s elder brother K.Ashwin had lodged a complaint with the police. He has accused Aravind of repeatedly insulting him, pressurizing him and not paying his salary, due to which Aravind chose to commit suicide due to which he was upset. Ola Electric has challenged the FIR lodged on behalf of Ashwin. This matter is currently pending in the Karnataka High Court.

Here, Ola Electric, while giving clarification, said in an official statement that Arvind allegedly never filed a complaint of harassment against anyone during his three-year tenure at Ola Electric. Apart from this, Arvind had no direct connection with the top management of the company in his role.

Arvind tried to commit suicide by drinking poison

According to media reports, Arvind had tried to commit suicide by drinking poison in his apartment in Chikkalasandra on 28 September 2025. After coming to know about this incident, Arvind was immediately taken to Maharaja Agrasen Hospital, where despite all efforts, Arvind could not be saved. Arvind left behind a suicide note, in which he made many serious allegations against the company and its staff.

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Ola’s stock became a rocket: 47% jumped in 30 days, a tremendous rally in just 10 days – what is the reason?

Admin — Mon, 01 Sep 2025 07:51:45 +0000

Ola electric shares raly: On the one hand, due to the high tariff of Trump, there was pressure on the shares of many companies and a tremendous decline was recorded, while Ola Electric shares are constantly jumping. On Monday, the company’s stock rose 7.33% to Rs 58.01 in early trade. That is, in the last five trading sessions, the stocks of Ola Electric have seen a rise of about 20%. This stock has jumped up to 47% in the last 30 days.

This boom in Ola’s shares is being seen at a time when the company has suffered a lot in comparison to last year. In such a situation, the question is constantly arising in the minds of investors whether this speed will remain in the stocks of Ola Electric.

Why did the rally come?

Actually, Ola Electric has been recognized under the production linked incentive (PLI) scheme for its Gen-3 scooter range. With this scheme, the company can benefit from 13% to 18% on its sales and this benefit can continue till 2028. The company says that this step will not only reduce the cost but will also increase profits.

Ola says that its Gen-3 scooter line-up is more than half of the total sales of the company. Now that both Gen-2 and Gen-3 range have got this certification, more stability in business is expected to increase. The company has also said that this initiative will see positive impact on Ebitda level.

Loss of first quarter

However, the company still suffered losses in the June quarter results. During this period, the loss of Ola Electric increased to ₹ 428 crore, while this loss was ₹ 347 crore in the same quarter of last year. Revenue also declined by 50% to Rs 828 crore on an annual basis, which was Rs 1,644 crore in the same period last year.

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Ola Electric Gets Big Shock, Maharashtra Government to Close 90 Percent of Its Showrooms, Bajaj Auto, TVS Motor

Admin — Wed, 16 Jul 2025 18:24:11 +0000

There are difficulties for Ola Electric included in large electric two-wheeler companies. About 90 percent of the company’s showrooms in Maharashtra will be discontinued. The reason for this is that the company does not have permits for these showrooms. There are about 450 stores of Ola Electric in Maharashtra and about 90 percent of these can be closed.

A media Report It has been told that due to lack of trade certificate near most of the company’s showrooms in Maharashtra, the state government has decided to close them. Under the Central Motor Vehicle Act and Rule 33 of the Central Motor Vehicles, the manufactures and distributors of the vehicles have to take a business certificate for registration of vehicles. A large number of showrooms in Maharashtra may have a drastical decline in sales of Ola Electric. Electric two-wheelers have a major stake in sales. Ola Electric’s market share declined to 19.6 percent in the first quarter of the current financial year. It was about 33.4 percent in the same period of the previous financial year.

Competition increased for the company

Last month, Ola Electric sales were 20,190 units. This is a decrease of more than 45 percent on a year-on-year basis. According to data from the Federation of Automobile Dealers Association (FADA), the company’s monthly sales have increased by 9.13 percent. In May, the company sold 18,501 units. Recently, Ola Electric started delivery to customers after a few months delay of their first electric motorcycle X.

In the market of electric two-wheelers, Ola Electric is getting a tough competition from Bajaj Auto and TVS Motor. Sales of electric scooters with Affordable Price of Bajaj Auto and TVS Motor have increased. Ola Electric has been facing challenges such as sales declines, regulatory pressure and tight competition from other electric two-wheeler companies since bringing an Initial Public Offer (IPO) in August last year. Recently, the company had said that it is considering taking a loan of about Rs 1,700 crore to repay the current date. The company’s share price has also declined drastically.

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Investors broken after the first quarter result of Ola Electric, increased but 16% jumped shares, learn the reason

Admin — Mon, 14 Jul 2025 09:36:03 +0000

Ola Electric Quarter 1 Results: The results of the first quarter of the financial year 2026 of Ola Electric, the manufacturer of electric vehicles, came on Monday 14 July 2025. On the one hand, while its deficit increased, on the other hand, due to tremendous selling in its stock, the stocks jumped up to 16 percent. The first quarter ended in June (April-June 20260, the net loss of Ola Electric increased to Rs 428 crore, which was a loss of Rs 347 crore a year ago.

Company increased quarterly deficit

The company’s June quarter revival has also decreased by 50 percent and it was Rs 828 crore, which was Rs 1,644 crore a year ago. Ola Electric has issued its income statement and estimated to remain between 4200 crore to 4700 crore during the financial year 2026. If this happens, the financial year can stay in growth positive in 2026 as compared to 2025.

The company has estimated its volume to be close to 3.25 lakhs to 3.75 lakh units, while the average margin can live between 35 percent to 40 percent. Based on the adjustment, the loss of Ola Electric Ebitda was Rs 237 crore, which was Rs 205 crore last year.

Decreased losses compared to last financial year

However, when comparing the result of the June quarter of Ola Electric with the quarterly results of March this year, its deficit has come down. In the March quarter, the company’s loss was worth Rs 870 crore. The company’s revision was Rs 611 crore in the March quarter, which is Rs 828 crore during the June quarter. Ola Electric said that the auto business also came into positive on the basis of Ebitda during the June quarter.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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Ola Electric Gets Big Jolt, Sales Decline more than 45 percent in June

Admin — Tue, 08 Jul 2025 18:30:03 +0000

Ola Electric, one of the major companies in the electric two-wheeler market, has been having difficulties for the last few months. The company is facing challenges ranging from declining sales to regulatory scrutiny. Last month, Ola Electric has sales of 20,190 units. This is a decline of more than 45 percent on a year-on-year basis.

According to the data from the Federation of Automobile Dealers Association (FADA), Ola electric Monthly sales have increased by 9.13 percent. In May, the company sold 18,501 units. Recently, Ola Electric started delivery to customers after a few months delay of their first electric motorcycle X. Complaints are being received from customers about this electric motorcycle. In a video circulated on social media, a customer of Roadster X+ showed the problem about charging. This customer had told that when he contacted the customer support of the company, he had advised him to go to the nearby Ola service center but there was no solution to this problem there either.

All variants of this electric motorcycle of Ola Electric have a 7 kW motor. Roadster X has been brought to three variants – 2.5 kwh, 3.5 kwh and 4.5 kwh. The range of 2.5 khh variants of this electric motorcycle is about 140 kilometers, 3.5 kwh about 196 km and 4.5 kwh variants of about 252 km. The Roadster X has a 4.3 inch LCD instrument panel which has features like Bluetooth connectivity, turn-turn navigation, reverse mode and cruise control. In this segment, Ola Electric competes with electric two-wheeler companies like Ultraviolette.

Recently, Ola Electric stores in Maharashtra were investigated by the state government due to alleged disturbances about trade certificates. 146 stores were inspected in the company’s state. Of these, about 121 stores were reportedly being run without a trade certificate. 75 of these stores were closed by the state government. According to Rule 33 of the Central Motor Vehicle Act and Central Motor Vehicles, vehicles manufactures and distributors have to take a business certificate for registration of vehicles.

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TVS Motor Launches New variant of Iqube Electric Scooter, Know Price, Range, Ola Electric, Bajaj Auto

Admin — Wed, 02 Jul 2025 13:46:45 +0000

TVS Motor, one of the large automobile companies, has launched a 3.1 kwh variant of the electric scooter Iqube. It has a 3.1 kwh battery. With this, there have been six models in the company’s IQUBE series. In the last few years, the market of electric two-wheelers has increased rapidly. Electric two-wheeler companies are introducing new models as competition increases in this segment.

TVS Motor has told that Iqube The new variant of is better for driving in cities. Its IDC range is more than 120 km. It has also been made available with dual-tone color combination. It has options for Pearl White, Titanium Gray, Starlight Blue with Beige and Copper Bronze with Beige Colors. Dual-tone colors give this electric scooter a different look. The price of the new variant of IQUBE is worth Rs 1.03 lakh (ex-showroom).

The design of the new electric scooter is almost similar to the old variants of Iqube. It has a new function of hill hold. More than six lakh units have been sold since the launch of Iqube of TVS Motor. It has a major stake in increasing volume in the market of electric scooters. In April this year, TVS Motor secured a leading position in sales in the market of electric two-wheelers. In April, the sale of TVS Motor was about 19,736 units. Other big companies in this market include Ola Electric and Bajaj Auto. In the last few quarters, the sales of TVS Motor have increased rapidly in this segment.

The company also plans to increase sales abroad of electric scooters. Indonesia’s Factory of TVS Motor can be used for export in Southeast Asia markets. It sells Iqube electric scooters in foreign markets. In the country it sells Iqube and X electric scooters. The target of TVS Motor is to use its Indonesia factory to increase market share in ASEAN countries. The IQUBE electric scooters are already being sold in these countries. Asian countries include Cambodia, Laos, Brunei, Myanmar, Philippines, Singapore, Thailand, Indonesia and Vietnam.

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Ultraviolette gets more than 60,000 bookings for Electric Scooter Tesseract, Bajaj Auto, TVS Motor, Ola Electric

Admin — Sun, 22 Jun 2025 16:45:51 +0000

The electric scooter Tesseract launched a few months before the electric two-wheeler maker ultraviolette automotive is getting good response from the customers. The company has got more than 60,000 bookings for Tessroad. The delivery of this electric will be launched in the first quarter of next year.

Ultraviolette also launched Electric Motorcycle Shockwave with Tesseract. Tessroad had a special price of Rs 1.20 lakh (ex-showroom) for the initial 50,000 customers. After this, the initial price of this electric scooter has increased to about 1.45 lakh rupees (ex-showroom). The design of Tsseract is inspired by a combat helicopter. It has an apron with sharp lines and twin headlamp setup with DRL. The lines on its sides end on the tail lamp. It has been made available in four colors – desert sand, sonic pink, solar White and Stealth Black.

This electric scooter has features such as 7-inch TFT touchscreen, built-in navigation and ride analytics. It has a 34 -liter storage space. It has Radar Technology, Calgian Evidase System, Lane Change Assistance and Integrated Dashakam to increase safety. The range in the single charge of Tessroad is about 260 kilometers. It has a 6 kwh battery. Its electric motor gives power of 20 hp. This electric scooter can reach a speed of 0 to 80 kmph in just 2.9 seconds. Its maximum speed is about 125 kmph.

Recently Ultraviolette reported its electric motorcycle F77 Mach 2 Recon will be launched in Britain. Ultraviolette has partnered with Motomondo for this. For the company in Britain as well as Belgium, Netherlands and Luxembourg, it will take responsibility of importers and distributors. This electric motorcycle has a 10.3 kwh battery and a 30 kW electric motor. Its range claims to be around 323 km. It has features such as five inch TFT digital clusters, hill holds, four ride modes and dynamic stability control. The sales of electric two-wheelers have increased rapidly over the years. Many automobile companies have launched their vehicles in this segment. Bajaj Auto, TVS Motor and Ola Electric have a large stake in this market.

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