Hyderabad, March 24 (IANS) To encourage the adoption of electric vehicles (EVs) as an eco-friendly alternative to fossil fuel–run vehicles, the Telangana government on Tuesday announced an initiative under which government employees will get up to 20 per cent discount on EVs. Transport Minister Ponnam Prabhakar announced the initiative, said to be a first-of-its-kind in the country.The minister secured discounts of up to 20 per cent on electric two-and four-wheelers for state government employ…
Latest Ola Electric News & Updates
Mumbai, March 2 (IANS) Shares of Ola Electric came under heavy selling pressure on Monday, falling as much as 16 per cent, as investors remained concerned about the company’s growth outlook and falling market share in the electric two-wheeler segment.The stock of the Bhavish Aggarwal-led company dropped 15.9 per cent on the BSE to hit a record low of Rs 21.21 per share.By 3:10 PM, the shares were trading 4.4 per cent lower at Rs 24.11 apiece, even as the broader BSE Sensex was down around 2 pe…
Mumbai, Feb 13 (IANS) Electric two-wheeler company Ola Electric on Friday reported 55.02 per cent decline in its revenue from operations (year-on-year) to Rs 470 crore in Q3 FY26, compared to Rs 1,045 crore in the same period last fiscal.The company’s total revenue also saw a significant decline in the December quarter, falling 56.99 per cent year-on-year to Rs 504 crore, compared to Rs 1,172 crore in the same period last year.Ola Electric continues to suffer losses. In the December quarter of F…
New Delhi, Jan 30 (IANS) Bhavish Aggarwal-run electric two-wheeler company Ola Electric on Friday announced to lay off approximately 5 per cent of the workforce owing to the “ongoing structural transformation”.In a statement, the company said it is “doubling down on speed and discipline through increased automation across its frontend operations”.“As part of this ongoing structural transformation, approximately 5 per cent of the workforce will be impacted,” Ola Electric said.It furth…
New Delhi, Dec 29 (IANS) India’s electric two-wheeler market saw a major shift in 2025, with last year’s leader Ola Electric losing a large part of its market share, while traditional auto companies strengthened their position.Ola Electric’s market share dropped sharply to 16.1 per cent in 2025 from 36.7 per cent in 2024.Despite overall demand for electric two-wheelers improving, the company sold 1,96,767 vehicles during the year, according to data from the government-run Vahan portal.The …