Ola Electric Car Updates

Tuesday, 12 November 2024 04:06 PM Ola Electrics founder, Bhavish Aggarwal, announced that the company has addressed its service backlog and now resolves over 80% of service requests within a day. This improvement is part of Ola Electrics efforts to enhance its service quality and expand its service network. I think this is a significant step towards regaining customer trust.

Tuesday, 12 November 2024 02:15 PM Ola Electric confirmed the launch of an electric three-wheeler in the first or second quarter of the upcoming financial year. This move is part of the companys strategy to expand its product lineup and dominate the EV market in India. With three-wheelers going electric rapidly, this could be a game-changer for Ola.

Sunday, 10 November 2024 08:08 PM Despite facing financial challenges, Ola Electric is pushing forward with new product launches, including the Roadster X electric motorcycle and the Gen 3 platform for its scooters. The Gen 3 platform is expected to reduce costs by about 20% compared to the Gen 2 platform. This aggressive product strategy could help Ola stay competitive.

Friday, 08 November 2024 03:44 PM Ola Electric launched the ‘BOSS of All Savings’ campaign as part of its Biggest Ola Season Sale (BOSS). The campaign offers discounts of up to Rs. 15,000 on the S1 portfolio and highlights the potential annual savings of up to Rs. 30,000 for customers switching to Ola S1 scooters. This campaign aims to boost EV adoption during the festive season.

Friday, 08 November 2024 06:33 AM Ola Electric reported a decline in its Q2 margins due to higher discounts and warranty costs. However, the company remains optimistic about its future, with a launch pipeline of around 20 products over the next two years. This includes the upcoming Roadster X motorcycle and an electric three-wheeler. I believe this diverse product lineup will help Ola Electric regain its market momentum.

Friday, 08 November 2024 06:13 PM Ola Electric plans to double its service network to 1,000 centers by December 2024 and aims to grow this network to 10,000 by the end of 2025. The company also intends to train 1 lakh third-party mechanics to make them EV-ready, enhancing its service capabilities significantly. This expansion is crucial for maintaining customer satisfaction.

Friday, 08 November 2024 09:55 AM Ola Electrics market share in the EV 2W segment remains strong, with a 30% market share and a year-over-year growth of 74% in October 2024. The company sold over 50,000 units and registered 41,605 units, solidifying its leadership in the segment. I think this growth is a testament to the increasing acceptance of EVs in India.

Thursday, 01 August 2024 12:32 PM Ola Electric announced the launch of its Roadster motorcycle series, which includes the Roadster X, Roadster, and Roadster Pro models. These motorcycles offer segment-first technology and performance features, with prices starting from Rs. 74,999. This launch is part of Ola Electrics strategy to expand its product range beyond scooters.

Monday, 01 July 2024 12:23 PM Ola Electric received a domestic value addition certificate under the auto PLI scheme, which is expected to boost the companys manufacturing capabilities and reduce dependency on imports. This certification is a significant milestone for Ola Electrics growth in the Indian EV market.