OLA Electric Mobilit

July 8 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• CLARIFIES ON REPORT OF TWO SUPPLIERS MOVING NCLT OVER DUES

• RAISED PERFORMANCE CONCERNS ON SOME PARTS SUPPLIED BY ANEVOLVE MANDO E-MOBILITY AND STERLING E-MOBILITY SOLUTIONS

• INITIATED ARBITRATION PROCEEDINGS AGAINST THE VENDORS AND FILED PETITIONS UNDER ARBITRATION AND CONCILIATION ACT

• ANEVOLVE MANDO AND STERLING E-MOBILITY FILED PETITIONS UNDER INSOLVENCY AND BANKRUPTCY CODE

Source text: [ID:]

Further company coverage: OLAE.NS

(([email protected];;))

** India's June auto wholesales were solid for PVs and CVs despite supply-sides issues and fuel price inflation worries, BofA Securities says

** Auto demand remains strong post-GST rate cut; expects strength to continue through H1FY27 - CLSA

** EV penetration accelerating; expects adoption curve to steepen as upfront ownership economics of EVs increasingly converge with ICE vehicles - CLSA

** Gasoline price hikes in India have tapered off and concerns about weak total auto demand are easing, JP Morgan says

** Adds, Tata Motors PV TAMO.NS maintained second place in domestic sales as growing EV sales contributed

** Domestic volume growth outlook for TAMO stays positive; co likely to outperform industry, HSBC says

** Nifty auto index .NIFTYAUTO last up 0.9%; down 4% YTD

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

July 1 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• REGISTERS 16,144 VEHICLES IN JUNE 2026

Source text: ID:nNSE3C1W7y

Further company coverage: OLAE.NS

(([email protected];;))

Ola Electric Mobility's battery subsidiary has become the first Indian company to receive BIS certification for an indigenously developed 46100 LFP cylindrical cell, the company said on Tuesday. The certification under IS 16046 (Part 2):2018 / IEC 62133-2:2017 covers safety and performance standards. The cell, with an energy density above 170 Wh/kg and a target of over 4,000 cycles, expands Ola's in-house portfolio beyond its existing NMC 4680 Bharat Cells. The certification follows qualification tests including thermal abuse, short circuit, and crush assessments at a NABL-accredited lab. Ola's gigafactory in Tamil Nadu, already producing 4680 cells for vehicles on road, will also manufacture the new LFP cell line on a common 46-series architecture. The company said the development supports its goal of reducing import dependence and building advanced battery technologies within India.

Powered by Tijori

June 23 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• GETS BIS CERTIFICATION FOR 46100 LFP CELL

Source text: ID:nBSEc6vqGF

Further company coverage: OLAE.NS

(([email protected];))

** Shares of Ola Electric Mobility OLAE.NS fall as much as 3.7% to 38.08 rupees, last down 1.1%

** Electric two-wheeler maker to raise funds via QIP issue of shares with floor price set at 37.74 rupees per share, 4.5% discount to closing price on Monday

** Update on NSE website shows issue to be 13 bln rupees ($136.6 mln)

** Proceeds to be used for loan repayment, expenditure incurred for organic growth initiatives, and general corporate purposes

** YTD, OLAE up ~8%

($1 = 95.1450 Indian rupees)

(Reporting by Vijay Malkar)

(([email protected];))

June 1 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• OLA ELECTRIC - AUTHORISING OPENING OF QIP ISSUE

• OLA ELECTRIC - APPROVES FLOOR PRICE OF 37.74 RUPEES PER EQUITY SHARE FOR QIP

Source text: ID:nBSE77pg5M

Further company coverage: OLAE.NS

(([email protected];))

** Shares of Ola Electric OLAE.NS drop nearly 4% to 35.52 rupees

** HSBC ("reduce", cuts PT to 33 rupees from 45 rupees) analysts say OLAE has lost its "first-mover advantage" due to delays and faces margin pressure

** Emkay Global ("sell", PT 25 rupees) says while Q4 margins improved, they are not sustainable as co faces pricing pressure, rising competition and execution challenges

** Avg rating of eight analysts on OLAE at "sell"; median PT is 28 rupees - LSEG-compiled data

** Electric scooter maker reports lower Q4 revenue; profit rises on sharp cost control

** YTD, stock down 2%

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

May 20 (Reuters) - India's Ola Electric OLAE.NS on Wednesday reported a narrower fourth-quarter loss, as the electric scooter maker reined in costs amid intense competition in the country's fast-growing electric two-wheeler market.

The company posted a net loss of 5 billion rupees ($51.65 million) in the January-March quarter, compared to a loss of 8.7 billion rupees a year earlier.

($1 = 96.8050 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru; Editing by Mrigank Dhaniwala)

(([email protected];))

May 15 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• OLA ELECTRIC - BOARD APPROVES INVESTMENT IN WHOLLY OWNED SUBSIDIARIES OET AND OCT

• OLA ELECTRIC - TO INVEST 5 BILLION RUPEES IN OLA CELL TECHNOLOGIES

• OLA ELECTRIC - TO INVEST 15 BILLION RUPEES IN OLA ELECTRIC TECHNOLOGIES

Source text: ID:nBSE6Zbyvp

Further company coverage: OLAE.NS

(([email protected];))

May 1 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• REPORTS 20% MONTH-ON-MONTH SALES GROWTH IN APRIL

Source text: ID:nNSE9xP1gb

Further company coverage: OLAE.NS

(([email protected];))

** Shares of Ola Electric OLAE.NS rise as much as 8.5% to 42 rupees

** Chinese internet conglomerate Tencent 0700.HK has invested $400 million in OLAE, Economic Times reported, citing filings

** Singapore-based Copper Technology Pte Ltd will take a 9.57% stake in the EV maker, the report added, with sources confirming to ET that it is Tencent-owned

** Tencent, Ola did not immediately respond to Reuters requests for comment

** More than 240 million shares traded so far, almost 1.4x 30-day avg

** Average rating of 8 analysts on OLAE is "sell"; median PT 26 rupees - data compiled by LSEG

** YTD, OLAE up about 11%

(Reporting by Urvi Dugar in Bengaluru)

(([email protected];))

** Shares of India's Ola Electric Mobility OLAE.NS on track for 28.16% weekly gain, eyes best week since August 2024

** Stock up 5.12% at 38.18 rupees on the day

** Electric vehicle maker said on April 7 it has completed its in-house developed lithium iron phosphate (LFP) battery, which could help lower costs and support wider adoption

** Trading vols at 467.2 million shares vs 30 day avg of 124 million shares

** OLAE on avg rated "sell" by 8 analysts; median PT is 24.50 rupees- LSEG data

** YTD stock up 0.22%

(Reporting by Devika Nair in Bengaluru)

(([email protected];))

April 2 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• SIGNIFICANT PRICE REDUCTION FOR FLAGSHIP ELECTRIC MOTORCYCLE

• CUTS ROADSTER 9.1 PRICE BY 60,000 RUPEES

Source text: ID:nBSEc23Dkw

Further company coverage: OLAE.NS

(([email protected];;))

April 1 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• MARCH REGISTRATIONS JUMP OVER 150%

Source text: ID:nBSEbkCqCG

Further company coverage: OLAE.NS

(([email protected];))

March 18 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• OLA ELECTRIC - APPROVES PROPOSED VARIATION IN IPO PROCEEDS UTILIZATION

• OLA ELECTRIC - APPROVED MODIFICATION OF TIME LIMIT FOR UTILISATION OF IPO PROCEEDS

Source text: ID:nBSE6SsbKC

Further company coverage: OLAE.NS

(([email protected];))

By Manoj Kumar

NEW DELHI, March 17 (Reuters) - An Indian parliamentary panel has recommended mandatory registration of gig workers on a national labour database, while calling for clearer legal obligations for digital platforms to contribute to their social security.

The Standing Committee on Labour said in a report on Tuesday that gig workers on digital platforms had become an "integral part of the modern supply chain," particularly in cities delivering food, transport and other on-demand services, but many remained outside formal labour registration and social security systems.

To bridge the gap, the committee has recommended that all platform aggregators, such as Swiggy SWIG.NS, Ola OLAE.NS and Zomato, must register gig workers on the government's e-Shram portal, a national database for unorganised workers.

Engagement of such workers should be linked to this registration, the panel said.

The recommendations come as India's gig economy expands rapidly, with millions working on app-based platforms in sectors such as ride-hailing, logistics and food delivery.

The Indian government announced in November last year the implementation of four labour codes, overhauling decades-old rules governing factories and workers while promising social security benefits for gig and platform workers.

These benefits have not been implemented so far.

There are no official estimates for the size of India's gig economy, although government think tank NITI Aayog expects the sector to employ 23.5 million people, or about 7% of the non-farm workforce, by 2030.

The committee also proposed that registration remain valid for at least one year, with gig workers continuing to receive basic social security benefits, including insurance and accident cover, even if they stop working with a particular aggregator.

It also urged the government to include clearer provisions for gig and platform workers in labour codes, defining aggregator responsibilities and ensuring contributions to social security schemes.

The report further called for stronger social security coverage for workers in non-traditional employment arrangements as India's digital economy evolves.

(Reporting by Manoj Kumar; Editing by Anil D'Silva)

(([email protected]; +919810286200; Twitter:@manojgulnar;))

March 3 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• OLA ELECTRIC - ROADSTER RANGE NOW STARTS AT 79,999 RUPEES

Source text: ID:nBSE6HHgHw

Further company coverage: OLAE.NS

(([email protected];))

** Goldman Sachs downgrades India's Electric two-wheeler manufacturer Ola Electric OLAE.NS to "neutral" rating

** Brokerage cuts PT for OLAE to 26 rupees from 52 rupees earlier

** Shares of OLAE drop nearly 1% to 25 rupees

** Brokerage says insufficient vehicle servicing capacity, high turnover in senior management, volatile sales network strategy, and muted reception for its roadstar motorcycle have led to a loss in 2W market share

** Expects co's 2W market share to remain range bound in the mid-single digit run rates over FY25-FY27

** OLAE rated "Sell" on avg by 8 analysts covering it; median PT at 26.50 rupees - data compiled by LSEG

** YTD, OLAE lost ~30%

(Reporting by Komal Salecha in Bengaluru)

(([email protected]))

** Ola Electric OLAE.NS falls as much as 2.5% to record low of 26.83 rupees; stock down 12.5% so far this week

** Electric two-wheeler manufacturer plans to reduce physical store count further to about 550 by March-end, as per media report

** Earlier this week, Citi downgraded stock to "sell" from "buy"; cuts PT to 27 rupees from 55 rupees, citing persistent headwinds to volume growth

** Stock rated "hold" on average vs "strong buy" for larger rival Ather Energy ATHR.NS, per data compiled by LSEG

** Stock down 25% YTD

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

** Ola Electric OLAE.NS falls as much as 5.1% to record low of 27.36 rupees

** Electric two-wheeler manufacturer extends fall after brokerages flag weak Q3 operating profit, question growth prospects

** OLAE currently down 2.2%; sheds 8.7% since Monday

** Citi downgrades to "sell" from "buy"; cuts PT to 27 rupees from 55 rupees, citing persistent headwinds to volume growth

** Says co's prospects of posting positive EBITDA hampered by poor perception of its scooters, service quality, which could take time to improve

** Adds key headwinds include improved affordability of combustion engine scooters, increased competition among EV players

** Notes negative free cash flow key area of concern

** Stock rated "hold" on average vs "strong buy" for larger rival Ather Energy ATHR.NS, per data compiled by LSEG

** Stock down 22% YTD

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

** Shares of Ola Electric Mobility OLAE.NS drop as much as 6.7% to their lifetime low of 28.81 rupees, last down 5.5%

** Electric two-wheeler maker posted consol net loss of 4.87 billion rupees ($53.7 million) in Q3 from a loss of 5.64 billion rupees year ago; revenue plummets 55% Y/Y to 4.7 billion rupees

** Brokerage Ambit says EBITDA losses expanded with margin dropping 14% Y/Y in Q3 due to higher employee exit costs

** Ambit cuts PT to 25 rupees from 30 rupees, maintains 'sell' rating

** Emkay downgrades OLAE to "Sell" from "Buy", cuts PT by 60% to 20 rupees from 50 rupees

** Kotak cuts PT to 20 rupees from 25 rupees, maintains "Sell"

** Adds, OLAE continuously fails to acknowledge major concerns related to products, which are contributing to sustained below-expectation volume offtake and a rapidly declining market share

** OLAE fell 58% in 2025

($1 = 90.6540 Indian rupees)

(Reporting by Vijay Malkar)

(([email protected];))

Feb 13 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• Q3 CONSOL NET LOSS 4.87 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 4.7 BILLION RUPEES

• ONE-TIME CHARGE OF 50.6 MILLION RUPEES IN Q3 ON NEW LABOUR CODES

Source text: ID:nBSE2lQsbP

Further company coverage: OLAE.NS

(([email protected];;))

Jan 30 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• APPROXIMATELY 5% OF WORKFORCE WILL BE IMPACTED

• COMPANY IS DOUBLING DOWN ON SPEED AND DISCIPLINE THROUGH INCREASED AUTOMATION ACROSS ITS FRONTEND OPERATIONS

Further company coverage: OLAE.NS

(([email protected];))

** Shares of Ola Electric Mobility OLAE.NS fall 3.7% to 34.7 rupees, lowest in nearly a month

** Electric vehicle maker's CFO Harish Abichandani resigns due to personal reasons

** Co names Deepak Rastogi as new CFO

** Stock down for the 10th consecutive session; it fell 57.7% in 2025

** Stock rated "hold" on avg; median PT 46 rupees - data compiled by LSEG

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Jan 19 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• OLA ELECTRIC - NAMES DEEPAK RASTOGI AS CHIEF FINANCIAL OFFICER

• OLA ELECTRIC - HARISH ABICHANDANI RESIGNS AS CFO EFFECTIVE JAN 19

Source text: [ID:]

Further company coverage: OLAE.NS

(([email protected];;))

Jan 1 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• MARKET SHARE INCREASES TO 9.3% IN DECEMBER

• 9,020 UNITS REGISTERED IN DECEMBER

Source text: ID:nNSE2v761y

Further company coverage: OLAE.NS

(([email protected];))

Dec 30 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

• GETS GOVERNMENT CERTIFICATION FOR 4680 BHARAT CELL POWERED ROADSTER X+ MOTORCYCLE

Source text: ID:nBSE4H760S

Further company coverage: OLAE.NS

(([email protected];;))

Nov 6 (Reuters) - India's Ola Electric OLAE.NS reported a narrower second-quarter loss on Thursday, helped by a sharp drop in its expenses.

The electric two-wheeler maker's consolidated net loss stood at 4.18 billion rupees ($47.56 million), compared to 4.95 billion rupees a year earlier.

($1 = 87.8950 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema)

(([email protected]; 8800437922;))

Adds Ola's response on non-payment of salary in paragraph 9

By Chandini Monnappa and Kashish Tandon

BENGALURU, Oct 20 (Reuters) - Ola Electric OLAE.NS founder Bhavish Aggarwal and a senior executive have been named in a police complaint after an employee accused them of harassment in a 28-page note before dying by suicide, according to a copy of the police report seen by Reuters.

The complaint, filed by the employee's brother in Bengaluru, names Aggarwal and the company's head of homologation, Subrath Kumar Das, alleging the employee was under intense pressure.

The deceased K. Aravind's brother, Ashwin Kannan, told Reuters that a day after his brother's cremation on September 29, the company deposited about 1.7 million rupees ($19,341) to Aravind's account.

On enquiring about the payment, three people from Ola Electric's human resources team visited him and said the deposit related to Aravind's pending salary for the financial year 2024-25, he said.

"When they had not paid for months, how did they suddenly send the amount the very next day of hearing about my brother's death and cremation?" Kannan asked.

Ola Electric, which has challenged the First Information Report (FIR) in the state's top court, said the employee never raised any complaint or grievance regarding his employment or any harassment during his tenure.

However, Kannan told Reuters his brother had been employed with Ola Electric since 2022 and had recently complained that the company had not cleared his dues.

He said Aravind feared seeking payment after hearing that employees who raised similar concerns were losing their jobs.

On non-payment of salary, the company said all salary dues to Aravind "were cleared in the normal course of payroll processing". "There were no pending or outstanding salary payments at the time of the incident," it said.

"In order to provide immediate support to the family, the company promptly facilitated the full and final settlement to his bank account," Ola Electric's spokesperson said.

Ola Electric, backed by SoftBank Group 9984.T, Temasek Holdings, Tiger Global Management and India’s State Bank of India has been grappling with slowing sales, regulatory scrutiny and intensifying competition from established two-wheeler makers.

The stock has fallen about 30% since listing in August 2024.

($1 = 87.8950 Indian rupees)

(Reporting by Kashish Tandon, Chandini Monnappa and Haripriya Suresh in Bengaluru; Editing by Eileen Soreng)

(([email protected]; 8800437922;))