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The Latest Breaking News from Ola

Former enemies form alliance to overthrow Ethiopia's Abiy Ahmed

The TPLF and Amhara's Fano militias — groups that fought on opposing sides in the Tigray war — and the Oromo Liberation Army said they had been coordinating for more than a year and aimed to install a transitional government.

Euronews

Seven of Ethiopia's armed groups announce anti-government alliance

Seven Ethiopian armed groups have formed an alliance against the federal government, an official of the Tigray People's Liberation Front (TPLF) said on Sunday. This has raised fears of a return to the war that killed some 600,000 people.

Radio France Internationale

India’s cab game has a new green player: A Vietnamese behemoth aiming to win fast

Green SM enters India with a controlled electric vehicle fleet, challenging the aggregator model. This Vietnamese company aims for a premium segment, unlike Uber and Ola's mass-market approach. BluSmart's prior electric fleet operations faced challenges after regulatory issues arose. Green SM's strategy is closely linked to VinFast, its parent automotive…

The Economic Times

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Govt tells cab aggregators to stop advance tipping before rides, calls practice misleading and unfair

Due to concerns over misleading practices, the government has mandated that cab aggregators remove the option for advance tipping. Authorities have deemed this tactic an unfair trade practice, resulting in Rapido being fined ten lakh rupees. As investigations into Uber and Ola persist, it’s established that tipping must remain at…

The Economic Times

Government orders cab aggregators to stop advance tipping before ride booking

The government has ordered cab aggregators to cease advance tipping options. This practice was deemed misleading and unfair by consumer affairs officials. Rapido faced a ten lakh penalty for unfair business practices and dark patterns. Investigations into Uber and Ola's practices are currently underway. Tipping remains a voluntary consumer choice…

The Economic Times

Rapido faces Rs 10 lakh penalty over ‘pay more, get a ride’ prompts, dark patterns in app

The Central Consumer Protection Authority fined Rapido Rs 10 lakh for misleading interface designs. Rapido used dark patterns like 'Confirm Shaming' and 'Interface Interference' to nudge riders. The authority also found the platform guilty of misleading advertisements and unfair contract terms. This action follows a sector-wide examination into advance tipping…

The Economic Times

Ola Electric ordered to refund Rs 1.34 lakh and pay another Rs 1 lakh in compensation and legal costs after failing to deliver Roadster X Plus bike despite receiving full payment

Ola compensation news: A consumer commission ordered Ola Electric to refund a customer Rs 1,34,161. This followed the company's failure to deliver an electric motorcycle for months after full payment. The commission also awarded Rs 90,000 for loss of livelihood and mental agony. Ola had argued delivery dates were indicative…

The Economic Times

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Ola Electric shares surge 7%. What’s triggering the sharp uptick in EV major?

Ola Electric shares rallied on Thursday as value buying emerged after three consecutive sessions of decline. Around 6.87 crore shares worth Rs 270 crore were traded. The buying interest followed the company’s launch of its first batch of dealer-operated stores.

The Economic Times

Chandigarh suspends Uber, Rapido licences for 6 months over policy violations

Chandigarh's State Transport Authority suspended Uber and Rapido licenses for six months. This action resulted from their failure to comply with the Chandigarh Aggregator Policy. Both companies received multiple notices but did not submit required documents. The suspension impacts cab and bike-taxi bookings significantly in the city. App-based rides constitute…

The Economic Times

Travelling Into Mumbai for Ganeshotsav: Trains, Road Closures and Where to Stay

Why Mumbai's Transport Grid Shifts Completely During GaneshotsavGaneshotsav does not just add crowds to Mumbai, it reorganises the city. The ten-day festival, anchored by massive public Ganesh installations called sarvajanik mandals, draws lakhs of visitors from Maharashtra and beyond, and the municipal corporation responds by closing or restricting vehicle movement…

Times Life

Ola Electric shares gain 4% as EV maker rolls out first dealer-led stores

Ola Electric shares rose nearly 4% after the EV maker launched its first dealer-led stores across seven states. The move comes a month after opening its sales and service network to partners. Ola Electric plans to expand to more than 500 dealerships over the next couple of quarters to strengthen…

The Economic Times

Ola Electric shares rally over 5%, rebound 79% from March low. Here’s what’s driving the stock

Ola Electric shares rallied on Friday after the EV maker launched its new S1Z scooter range with indigenous Bharat Cell LFP technology. The stock has rebounded nearly 79% from its March low, while the new models target India’s mass-market EV segment with prices starting at Rs 79,999.

The Economic Times

Ola Electric brings indigenous Bharat Cell LFP tech to mass market with all-new S1Z

Ola Electric introduces the S1Z scooter featuring indigenous LFP battery technology. This new range aims to bring advanced technology to the mass market segment. The S1Z will be available in two variants with different battery capacities. Deliveries for these models are scheduled to commence in late 2026 and early 2027.…

The Economic Times

Rapido, Uber, Ola down across several Indian cities

Several ride hailing apps, including Ola, Uber and Rapido, faced significant disruptions across major Indian cities on Thursday. Users reported an inability to book rides or log into their accounts on the platforms. Rapido experienced a brief technical outage which has since been resolved for most users. Other services also…

The Economic Times

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The Economic Times

Ola Electric looks beyond scooters, unveils new products in Shakti portfolio

Ola Electric is expanding its battery business into energy storage solutions. The company unveiled a three-tier Shakti portfolio for various applications. This new range spans homes, commercial facilities, and grid-scale energy storage. Ola aims to achieve India's energy independence through this strategic expansion.

The Economic Times

India’s ride-hailing industry weighs zero commission as drivers eye Rs 1.36 lakh more

New research suggests ride-hailing drivers could earn significantly more annually. This shift is driven by open digital networks and zero-commission models. The current commission structure leaves drivers and passengers with fewer benefits. Tax law interpretation for new models creates market uncertainty for operators. Policy changes could accelerate this transition for…

The Economic Times

Ola Electric gets two-year extension on cell-manufacturing PLI milestones

The revised timeline secures Ola Electric a five-year PLI window through 2031 and could unlock up to Rs 7,240 crore in cumulative incentives, the company said in an exchange filing on Wednesday. The incentives will be disbursed quarterly, beginning next quarter.

The Economic Times

Ola Electric shares fall 6% even as Q1 loss narrows. Why brokerages see up to 51% downside

Ola Electric shares fell after the company reported a narrower Q1 FY27 net loss of Rs 336 crore, compared with Rs 428 crore a year ago. However, revenue from operations declined 45% YoY to Rs 455 crore, despite rising 72% QoQ from Rs 265 crore in Q4 FY26.

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news in one place.

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The Economic Times

Ola Electric Q1 Results: Loss narrows to Rs 336 crore; revenue falls 45% YoY

Ola Electric reported a narrower Q1 loss of Rs 336 crore as deliveries nearly doubled sequentially and revenue rebounded 72% from Q4. Improved market share, lower operating costs and progress in battery manufacturing supported the company's operational turnaround despite year-on-year revenue decline.

The Economic Times

Ola Electric shares jump 31% in 6 months. Should you buy, sell or hold?

Ola Electric shares have rebounded sharply from March lows, supported by improving sentiment, strong sales, and a BESS partnership. Analysts remain cautious, citing execution, competition, and cash-burn risks. Technical indicators suggest resistance near Rs 45–50, with sustained operational improvement seen as essential for further upside.

The Economic Times

Ola Electric expands into utility-scale energy storage; signs first MoU with Axis Energy

Ola Electric has signed an MoU with Axis Energy to explore deploying up to 20 GWh of battery energy storage systems by 2032. The partnership marks the first large-scale commercial agreement for Ola's upcoming Mahashakti energy storage platform, which is set to launch on August 15, and aims to support…

The Economic Times

Ola Electric Mobility shares rally over 7%. What's boosting investor sentiment?

Ola Electric shares surged after the company signed an MoU with Axis Energy to deploy up to 20 GWh of battery energy storage systems by 2032. The partnership is the first major tie-up for Ola Mahashakti, its upcoming energy storage platform set to launch on August 15.

MyLifeXP

5 Electric Scooters With 5-Year Battery Warranty in 2026

For many people planning to buy an electric scooter, the biggest concern is not the range or the charging time. It is the battery replacement cost. A battery is the most expensive component in an electric scooter, and replacing it after the warranty expires can cost a significant amount. That…

The Economic Times

Maharashtra Motor Vehicle Aggregator Rules 2026 notified: From surge pricing to private carpooling to Rs 1 crore penalty, what changes for Ola, Uber, Rapido users

Maharashtra has notified new rules for app-based transport services, bringing aggregators under a uniform framework. These regulations mandate licensing and introduce fare controls, impacting services like Ola and Uber. Passenger safety measures and driver welfare provisions are significantly strengthened by these new rules. Vehicle eligibility criteria and mandatory safety features…

The Economic Times

GST on subscription ride-hailing platforms like Rapido and Bharat Taxi may hit driver earnings: Report

A new report warns that extending GST to subscription-based ride-hailing platforms like Rapido could significantly impact drivers and passengers. The study suggests this move might lower driver earnings, discourage participation, and reduce passenger demand. Drivers prefer predictable costs and greater control, while passengers are price-sensitive. The report advocates for a…

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