Ola Electric News

Ola Electric Faces Sharp Revenue Drop: A 49.6% Decline in Q1 Sparks Industry Concerns

Ola Electric reports a dramatic 49.6% decline in Q1 revenue, falling to Rs 828 crore from Rs 1,644 crore year-over-year, despite a 36% sequential increase. The company's financial ...

Ola Electric Shares Soar 20% Amid Revenue Drop and Losses: A Sign of Investor Confidence?

Ola Electric shares surged nearly 20% despite reporting a halved revenue and continued losses, signaling strong investor confidence in its operational turnaround and future prospec...

Ola Electric Announces Major Layoffs Amid Rising Financial Losses

Ola Electric is undergoing significant restructuring, leading to over 1,000 job cuts as it faces widening losses and market challenges. The company aims to automate processes and i...

Leadership Shakeup at Ola Electric: CTO Suvonil Chatterjee Steps Down

Ola Electric faces another leadership challenge as Chief Technology and Product Officer Suvonil Chatterjee resigns, adding to a series of high-profile exits. The company struggles ...

Ola Electric Expands with 3,200 New Stores Amidst Consumer Service Challenges

Ola Electric Mobility Ltd. embarks on a significant expansion by opening 3,200 new stores in a single day, aiming to address customer service issues and expand its footprint across...