'Focused on domestic business:' Ola Cabs winds up international business
Ola Cabs, which is a wholly-owned subsidiary of ANI Technologies, said that the decision has been taken as it reassesses its priorities and focuses on domestic operations.
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EV player Ola Electric files IPO papers with SEBI
The IPO of Bhavish Aggarwal-led EV company is a mixture of fresh issue of equity shares up to ₹5,500 crore and an offer for sale of 9.5 crore equity shares.
Ola Electric's consolidated loss widens 4X to ₹784.15 cr in FY22
The electric two-wheeler manufacturer's operating revenue surged from ₹0.86 crore in FY21, to ₹373.42 crore in FY22.
Tamil Nadu sets sights on being EV capital of the world
Of the total MoUs signed, 80% have either confirmed investment or have started work in the state, says industries minister T.R.B. Raaja
Ola begins construction of gigafactory in Tamil Nadu
Spread across 115 acres, the Ola Gigafactory will begin operations by early next year
TVS Motor, Ather, Ola electric scooters get costlier
The government has reduced FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) subsidy on electric two-wheelers from June 1, 2023.
Ola Electric S1 Air deliveries to start in July; price, features, other details here
The development comes months after the two-wheeler maker launched Ola S1 Air in October last year.
Year 2022 marks rise of India’s EV industry, start of ICE age end: Bhavish Aggarwal
Ola and Ola Electric co-founder says India’s EV industry saw 20x growth by 2022-end, with monthly run rate increasing from just 4,000 units a month in June 2021 to 80,000 units towards 2022-end.
Ola Electric crosses 20,000 mark; Okinawa sells 17,531 units in Oct
Bhavish Aggarwal says Ola Electric recorded the highest ever sales in India in Oct. Okinawa Autotech, the second biggest EV maker, sees 111.8% growth on month-on-month.
Ola Electric forays into Nepal; LATAM, ASEAN, EU next on agenda
After announcing a physical presence at over 200 locations by FY2023, Ola Electric has taken the first step to be present in up to five international markets.
