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The Latest Breaking News from Ola

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…

The Economic Times

Ola Electric ordered to pay Rs 45,000 and fix scooter trunk for free after court finds it ignored warranty repairs for over two months

Ola Electric compensation: An advocate from Ananthapuramu purchased an Ola S1 Pro in October 2022 and reported a trunk lock failure within the warranty period. Despite multiple service visits, emails and a legal notice, Ola Electric never fixed the problem. The District Consumer Commission has now directed the company and…

The Economic Times

Ola Electric gets BIS certification for indigenous LFP battery cell

Ola Electric's subsidiary has secured Bureau of Indian Standards (BIS) certification for its indigenously developed 46100 lithium iron phosphate (LFP) battery cell. This marks a first for an Indian company in this cylindrical format. The new cell, designed for both electric mobility and energy storage, expands their in-house battery portfolio…

The Economic Times

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Rapido's early backers look to sell shares worth Rs 100 crore

Angel investors are offloading Rapido shares worth Rs 100 crore as part of a larger $730 million funding round. Swiggy, an early investor, has fully exited its stake. The deal aims for a $3 billion valuation, though some investors are pushing back on pricing.

The Economic Times

Ola Electric files application to settle Sebi probe over false information allegations

Ola Electric and founder Bhavish Aggarwal have approached Sebi to settle allegations of disseminating false information to inflate stock prices. The company seeks an amicable closure without admitting guilt, following Sebi's notice regarding discrepancies in service network expansion, sales figures, and electric motorcycle rollout timelines.

The Economic Times

Noida airport gets round-the-clock cabs, fares range from Rs 1k to Rs 3k

Noida International Airport passengers found taxis to be a dependable transport option. Several cab aggregators like Uber, Ola, and Rapido offered services with introductory discounts. Premium cab operators also provided chauffeur-driven options. UPSRTC buses are also serving the airport, though with a shuttle requirement. These services ensured smooth connectivity for…

The Economic Times

Noida airport to rely on cabs as flights begin on June 15

Noida International Airport opens on June 15. Passengers will primarily use cabs and private vehicles. App-based taxis like Uber and Ola will be available. Local taxi drivers anticipate increased demand. Electric bus services are expected to launch soon. Airport authorities are coordinating with mobility providers for smooth operations.

The Economic Times

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Ola Electric shares jump 10%, surge 120% in just 12 weeks. Does this rally have more steam left?

Shares of Ola Electric Mobility surged 10% on Tuesday, extending a sharp rebound that has lifted the stock nearly 120% from its March low. Despite the rally, shares remain over 31% below their 52-week high and far from lifetime peak levels. Analysts see the breakout as an early trend reversal…

The Economic Times

Aditya Shah favors domestic growth themes, stays bullish on IT and infrastructure sector

Aditya Shah of Hercules Advisors identifies EPC companies with strong order books as key infrastructure opportunities, favoring players like Ahluwalia Contracts and PSP Projects. He remains constructive on IT despite AI concerns, highlighting TCS and HCL Tech for their dividend yields. Shah also sees value in ITC due to its…

The Economic Times

Vanguard slashes Ola value; War chokes PCB supply

American investor Vanguard has sharply cut the fair value of Ola's parent company. This and more in today's ETtech Top 5.

The Economic Times

Vanguard marks Ola valuation down to $70 million, 99% lower from peak

Funds managed by US investment giant Vanguard have slashed the fair value of ride-hailing platform Ola’s parent, ANI Technologies, to $70 million as of February 28, according to regulatory filings with the US Securities and Exchange Commission (SEC).

The Economic Times

Ola Electric launches QIP, sets floor price at Rs 37.74

Ola Electric has launched a qualified institutional placement (QIP) with a floor price of Rs 37.74 per share to raise funds amidst challenges like slowing sales and shrinking market share. The company aims to navigate these issues by doubling down on localisation and vertical integration, with a focus on EV…

The Economic Times

MBA Graduate Quits ₹25 LPA Job to Drive Ola Cab, Now Earns ₹1.5 Lakh a Month

Success is often associated with prestigious degrees, high-paying corporate jobs, and impressive titles. However, a recent social media post has reignited the debate over whether unconventional career choices can sometimes lead to greater financial independence and personal fulfillment.

Whats Hot

Ola Electric sees 23 pc growth in monthly registrations in May

Ola Electric saw a significant jump in vehicle registrations last month. May Sales increased by 23 percent compared to April. This growth outpaced the overall electric two-wheeler market. The company attributes this success to retail changes and better operations. Rising petrol prices are also encouraging more buyers to switch to…

The Economic Times

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The Economic Times

Ola Electric shares jump 9%, skyrocket 93% in 2 months. What's fuelling the rally?

Ola Electric shares surged to a more than four-month high after the EV maker reported a narrower quarterly loss and showed signs of sequential improvement in volumes and market share. Brokerages remain cautious on the long-term recovery outlook, citing rising competition, execution challenges and the need for sustained operational improvements.

The Economic Times

'Curb unfair practices by drivers': Court orders Ola to pay Rs 50,000 to passenger driven 25 km away from destination

A consumer court in Andhra Pradesh held Ola responsible after a driver stranded a woman en route to a judicial exam. The platform was ordered to pay Rs 50,000 compensation for the mental distress caused. The court emphasized Ola's duty of care, rejecting its 'online platform' defense.

The Economic Times

Ola Electric eyes commercial EV launch for gig workers amid quick commerce boom

Sources said the company received approval for the new vehicle in early February and is expected to launch the model in the coming quarters.

The Economic Times

Ola Electric set for sharp Q1 rebound as registrations cross Q4 levels

Ola Electric is witnessing a strong sales recovery, with current-quarter registrations already surpassing the previous quarter's total. The EV maker expects quarterly volumes to nearly double as demand rebounds, supported by a focus on disciplined growth, operational efficiency, and market expansion.

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The Economic Times

Ola Electric eyes FY27 turnaround on surging demand, cost reset and margin gains

Ola Electric is set for a robust FY27. The company expects a significant rebound in sales and revenue. Margins are strengthening, and costs are under tight control. Ola is focusing on scaling operations efficiently. This strategic reset positions Ola Electric for improved cash flow and operating leverage in the coming…

The Economic Times

Ola Electric shares can crash up to 35%, warns Emkay after seeing Q4 results

Shares of Ola Electric fell sharply on Thursday on after a weak Q4 show, with brokerage Emkay Global maintaining a Sell rating and raising its target to Rs 25, implying over 35% downside. Revenue dropped 57% YoY and volumes slumped, while competition from rivals like Ather and TVS mounts, clouding…

The Economic Times

Cab, auto strike in Delhi-NCR: Three-day Chakka jam in Capital, Noida, Gurugram and Ghaziabad begins today; check what's affected for commuters

Cab strike in Delhi NCR: Delhi-NCR faces a three-day cab and auto strike from May 21-23. Drivers demand fare hikes due to soaring fuel costs and alleged exploitation by app-based aggregators. Over 68 transport unions are participating. Commuters may face ride cancellations and surge pricing, though Metro and DTC buses…

The Economic Times

Ola Electric Q4 Results: Net loss contracts 42% YoY to Rs 500 crore, revenue tanks 57%

Ola Electric Q4 Results: Pure-play electric two-wheeler maker Ola Electric Mobility reported a consolidated net loss of Rs 500 crore for the March quarter, marking a contraction of 42.5% from Rs 870 crore reported in the same period last year. This is attributable to the owners of the company.

The Economic Times

Ola Electric infuses Rs 2000 crore in EV and cell manufacturing

Ola Electric Mobility has approved a Rs 2,000 crore investment into its EV and battery manufacturing subsidiaries to boost localisation and vertical integration. This capital infusion aims to strengthen its core EV business and scale up battery operations amid rising competition and profitability concerns.

The Economic Times

Petrol, diesel price hike impact: From milk, onions, Blinkit deliveries to Uber fares & others, here's all that may get costlier

Petrol, diesel price hike impact: Centre’s Rs 3 per litre hike in petrol and diesel prices may not feel massive immediately, but its ripple effect could slowly hit everyday expenses — from vegetables and milk to Blinkit deliveries, cab rides, and even flight tickets. Since fuel powers transport across India,…

The Economic Times

Ola Electric in talks to supply battery cells to global automakers

Ola Electric is in discussions with global and domestic automakers to supply lithium-ion cells and battery packs. The company's Krishnagiri gigafactory is set to expand its capacity significantly. This move aims to position Ola as a key supplier in India's growing electric vehicle and energy storage market. Ola is preparing…

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