Ola Electric Mobility Ltd - 544225 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Postal ballot notice for: 1. To ratify and approve amendments in OEM Employees'' Equity Linked Incentive Plan 2019 and 2. Ratification of the extension of the benefits of OEM Employees'' Equity Linked Incentive Plan 2019 to the employees of subsidiary companies and group companies of the Company. 
Ola Electric's Market Share Falls As Competition Heats Up, Says Jefferies
The electric two-wheeler maker's market share fell to 33% by August from 49% at the end of June 2024, the brokerage said.
Ola Electric shares slip 7% as profit-taking hits stock
Ola Electric Mobility's stock declined by 7% to Rs 128.2 due to profit booking. The company saw a 32% rise in revenue but also a larger net loss in Q1 FY25. Roadmap to profitability laid out, electric car off table: Bhavish Aggarwal
Newly-listed Ola Electric has laid out a roadmap to profitability banking on higher volume, vertical integration of supply chain and in-house produced cells, while it has shelved plans to make electric car, according to company founder and CMD Bhavish Aggarwal. The company, which forayed into the electric motorcycle segment last week, will build products that Indians need, which are by a vast majority two-wheelers and three-wheelers, he said in an interaction with PTI editors at the agency's headquarters here. In the first quarter of this fiscal, Ola Electric's automotive segment EBITDA was almost break-even but for a one-time reversal of about Rs 30 crore it had to pay for a change in standard operating procedure in the government for PLI rules, he said, adding the cell segment is at a different stage of evolution. Ola Electric's net loss widened in the first quarter to Rs 347 crore, from Rs 267 crore in the corresponding period a year ago. In FY24, the company's net loss was at Rs Ola Electric shares surge 90% post-debut to hit $7 billion value
The stock has surged nearly 90 per cent in less than two weeks, bringing its market capitalization to over $7 billion.web.webp?rect=0%2C0%2C2002%2C1051&w=1200&auto=format%2Ccompress&ogImage=true)
Ola Electric First To Receive PLI Certification For Four Models
Under the scheme, Ola Electric is eligible for incentives for up to five consecutive financial years commencing from fiscal 2024. Ola Electric Mobility Ltd - 544225 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press release dated August 20, 2024 titled ''Ola''s S1 X 3 kWh and 4 kWh scooters gets PLI Certification'' Ola Electric Mobility Ltd - 544225 - Intimation Pursuant To Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') Regarding The Receipt Of Certification For Compliance With The Eligibility Assessment Requirements As Per The Production Linked Incentive (PLI) Scheme For The Automobile And Auto Component Industry
Intimation under Regulation 30 of SEBI LODR regrading the receipt of certification for compliance with the eligibility assessment requirements as per the Production Linked Incentive (PLI) Scheme for the automobile and auto component industry
Ola Electric Shares Cool Off After Doubling In 8 Sessions
The share price of the Bhavish Aggarwal-led company hit an intraday high of Rs 157 a piece.