Tag: Ola Electric

Legacy players gain ground in EV two-wheelers as Ola Electric slips
Posted in Startups

Legacy players gain ground in EV two-wheelers as Ola Electric slips

India’s electric two-wheeler (e2W) market, strongly contested by both incumbents and startups, saw a surge in sales in FY26 with most players expanding their market…

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Ola Electric Managing Director Bhavish Aggarwal. Ola Electric's EV sales in February 2026 fell to the lowest since listing in August 2024. (PTI)
Posted in Business

Ola Electric harps on #EndICEAge to revive EV sales amid crude-oil shock| Business News

Ola Electric Mobility Ltd. has once again called for #EndICEAge amid an oil shock brought on by the Iran war. That, even as its EV…

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Ola Electric MD Bhavish Aggarwal. (Reuters)
Posted in Business

Revenue drops 55% as sales slump over 60%| Business News

Revenue of Ola Electric Mobility Ltd. more than halved in October-December 2025 as its electric two-wheeler sales declined over 60% during the most lucrative quarter…

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Ola Electric has been grappling with declining sales and eroding market share, so much so that the company has cut its revenue forecast for FY26. (Reuters)
Posted in Business

Ola Electric brings in new CFO as Harish Abichandani exits abruptly| Business News

Ola Electric Mobility Ltd. has appointed Deepak Rastogi as its new chief financial officer, replacing Harish Abichandani who has resigned abruptly. The change is effective…

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Image for FromscaletoscienceIndia'sstartupelitegoesdeeptech_Jan2026_Graphic_ETTECH
Posted in Startups

Veteran consumer internet founders roll up sleeves to launch deeptech, AI startups

India is increasingly witnessing entrepreneurs and senior startup leaders who have built large businesses in the consumer internet space now taking on more complex, longer-gestation…

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An Ola Electric scooter. (Bloomberg)
Posted in Business

Ola Electric says secured ₹366.78 crore PLI incentives for FY25| Business News

Ola Electric on Thursday said it has received a sanction order from the Ministry of Heavy Industries for the release of incentives amounting to ₹366.78…

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Ola Electric's service problem first cropped up in September last year and have continued ever since. (Tushar Deep Singh/HT)
Posted in Business

Ola Electric initiates a service reboot amid a sales problem| Business News

Ola Electric Mobility Ltd. has initiated a service reboot to address after-sales woes of a shrinking customer base. Ola Electric’s service problem first cropped up…

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Ola Group Chairman Bhavish Aggarwal. (PTI)
Posted in Business

Ola Group is said to pause non-core foods business amid downturn at Ola Electric| Business News

Ola Group has paused operations of Ola Foods amid a financial quagmire at Ola Electric Mobility Ltd., so much so that the food-delivery option has…

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Bhavish Aggarwal, chairman and managing director, Ola Electric. Ola Electric has to sell 18,500 units/month in FY26 to stay operationally profitable. (PTI)
Posted in Business

A 70% slide in Ola Electric sales casts doubt on revised annual target as well| Business News

EV sales of Ola Electric Mobility Ltd. fell to the lowest in at least 36 months in November 2025, even as the erstwhile market leader…

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EV maker Ather Energy overtakes Ola Electric in Q2 revenue as losses narrow
Posted in Startups

EV maker Ather Energy overtakes Ola Electric in Q2 revenue as losses narrow

Electric two-wheeler maker Ather Energy overtook rival Ola Electric in quarterly revenue in the September quarter of FY26, as it continued to expand sales and…

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