Ola electric Mobility counted its Yet-to-be launched Electric Motorcycles and e-Scooter Bookings in Its Fabrury Sales Number, Making Its Market Share Look Large as It StrugGles to Win Back Investor Confidenge. The Softbank Group Corp-Backed Firm Told India’s Ministry of Road Transport and Highways in a March 21 Letter That it Added Customer Bookings for … Read more
Ola Electric Mobility counted its yet-to-be launched electric motorcycles and e-scooter bookings in its February sales number, making its market share look larger as it struggles to win back investor confidence. The SoftBank Group Corp-backed firm told India’s Ministry of Road Transport and Highways in a March 21 letter that it added customer bookings for … Read more
India’s top electric scooter maker Ola Electric logged its lowest monthly sales this year in September, government data showed, as the SoftBank-backed firm sees its dominance eroded by smaller competitors and servicing network challenges. Ola Electricwhich made its stock market debut about two months ago, sold 23,965 vehicles in September, recording a month-on-month decline for … Read more
Maharashtra hasdrawn a proposal for a 6% sales tax on Electric vehicles priced Above $ 35,000 (roughly Rs. The world’s third-largest auto market. “We are disincentivising (EVS In the luxury segment) without any reason … India’s Ev Market is Small, Making Up About Two Percent of Total Car Saves of Four Million Last Year, as … Read more
Maharashtra has withdrawn a proposal for a 6% sales tax on electric vehicles priced above $35,000 (roughly Rs. 30 lakh) to encourage adoption at a time when EV sales are still nascent in the country – the world’s third-largest auto market. “We are disincentivising (EVs in the luxury segment) without any reason … we will … Read more
Ola Electric, India’s top e-scooter maker by market share, reported a narrower second-quarter loss on Friday helped by a jump in sales, and said the recent surge in service requests was largely for “minor issues.” The Bengaluru-based company said its consolidated loss narrowed to 4.95 billion rupees ($58.7 million) in the July-September quarter from 5.24 … Read more
Automakers operating in India plan to launch close to a dozen new electric car models this year, many in the premium market, with longer driving ranges and faster charging times, to attract buyers as demand for EVs slows down globally. Electric cars will take centre stage at India’s five-day auto show in New Delhi starting … Read more
Ola Electric Mobility Ltd.’s rapid expansion into brick-and-mortar showrooms is running into regulatory trouble. The Bengaluru-based electric scooter maker, once a champion of the digital-only sales model, recently scaled up to 4,000 physical locations since 2022. A Bloomberg News investigation has found that out of roughly 3,400 showrooms for which data is available, a little … Read more