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THE TRUTH ABOUT: Ola | History Defined

Ola Electric shares surge 7%. What’s triggering the sharp uptick in EV major?

Ola Electric shares rallied on Thursday as value buying emerged after three consecutive sessions of decline. Around 6.87 crore shares worth Rs 270 crore were traded. The buying interest followed the company’s launch of its first batch of dealer-operated stores.

The Economic Times

Chandigarh suspends Uber, Rapido licences for 6 months over policy violations

Chandigarh's State Transport Authority suspended Uber and Rapido licenses for six months. This action resulted from their failure to comply with the Chandigarh Aggregator Policy. Both companies received multiple notices but did not submit required documents. The suspension impacts cab and bike-taxi bookings significantly in the city. App-based rides constitute…

The Economic Times

Travelling Into Mumbai for Ganeshotsav: Trains, Road Closures and Where to Stay

Why Mumbai's Transport Grid Shifts Completely During GaneshotsavGaneshotsav does not just add crowds to Mumbai, it reorganises the city. The ten-day festival, anchored by massive public Ganesh installations called sarvajanik mandals, draws lakhs of visitors from Maharashtra and beyond, and the municipal corporation responds by closing or restricting vehicle movement…

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Ola Electric shares gain 4% as EV maker rolls out first dealer-led stores

Ola Electric shares rose nearly 4% after the EV maker launched its first dealer-led stores across seven states. The move comes a month after opening its sales and service network to partners. Ola Electric plans to expand to more than 500 dealerships over the next couple of quarters to strengthen…

The Economic Times

Ola Electric shares rally over 5%, rebound 79% from March low. Here’s what’s driving the stock

Ola Electric shares rallied on Friday after the EV maker launched its new S1Z scooter range with indigenous Bharat Cell LFP technology. The stock has rebounded nearly 79% from its March low, while the new models target India’s mass-market EV segment with prices starting at Rs 79,999.

The Economic Times

Ola Electric brings indigenous Bharat Cell LFP tech to mass market with all-new S1Z

Ola Electric introduces the S1Z scooter featuring indigenous LFP battery technology. This new range aims to bring advanced technology to the mass market segment. The S1Z will be available in two variants with different battery capacities. Deliveries for these models are scheduled to commence in late 2026 and early 2027.…

The Economic Times

Rapido, Uber, Ola down across several Indian cities

Several ride hailing apps, including Ola, Uber and Rapido, faced significant disruptions across major Indian cities on Thursday. Users reported an inability to book rides or log into their accounts on the platforms. Rapido experienced a brief technical outage which has since been resolved for most users. Other services also…

The Economic Times

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Ola Electric looks beyond scooters, unveils new products in Shakti portfolio

Ola Electric is expanding its battery business into energy storage solutions. The company unveiled a three-tier Shakti portfolio for various applications. This new range spans homes, commercial facilities, and grid-scale energy storage. Ola aims to achieve India's energy independence through this strategic expansion.

The Economic Times

India’s ride-hailing industry weighs zero commission as drivers eye Rs 1.36 lakh more

New research suggests ride-hailing drivers could earn significantly more annually. This shift is driven by open digital networks and zero-commission models. The current commission structure leaves drivers and passengers with fewer benefits. Tax law interpretation for new models creates market uncertainty for operators. Policy changes could accelerate this transition for…

The Economic Times

Ola Electric gets two-year extension on cell-manufacturing PLI milestones

The revised timeline secures Ola Electric a five-year PLI window through 2031 and could unlock up to Rs 7,240 crore in cumulative incentives, the company said in an exchange filing on Wednesday. The incentives will be disbursed quarterly, beginning next quarter.

The Economic Times

Ola Electric shares fall 6% even as Q1 loss narrows. Why brokerages see up to 51% downside

Ola Electric shares fell after the company reported a narrower Q1 FY27 net loss of Rs 336 crore, compared with Rs 428 crore a year ago. However, revenue from operations declined 45% YoY to Rs 455 crore, despite rising 72% QoQ from Rs 265 crore in Q4 FY26.

The Economic Times

Ola Electric Q1 Results: Loss narrows to Rs 336 crore; revenue falls 45% YoY

Ola Electric reported a narrower Q1 loss of Rs 336 crore as deliveries nearly doubled sequentially and revenue rebounded 72% from Q4. Improved market share, lower operating costs and progress in battery manufacturing supported the company's operational turnaround despite year-on-year revenue decline.

The Economic Times

Ola Electric shares jump 31% in 6 months. Should you buy, sell or hold?

Ola Electric shares have rebounded sharply from March lows, supported by improving sentiment, strong sales, and a BESS partnership. Analysts remain cautious, citing execution, competition, and cash-burn risks. Technical indicators suggest resistance near Rs 45–50, with sustained operational improvement seen as essential for further upside.

The Economic Times

Ola Electric expands into utility-scale energy storage; signs first MoU with Axis Energy

Ola Electric has signed an MoU with Axis Energy to explore deploying up to 20 GWh of battery energy storage systems by 2032. The partnership marks the first large-scale commercial agreement for Ola's upcoming Mahashakti energy storage platform, which is set to launch on August 15, and aims to support…

The Economic Times

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The Economic Times

Ola Electric Mobility shares rally over 7%. What's boosting investor sentiment?

Ola Electric shares surged after the company signed an MoU with Axis Energy to deploy up to 20 GWh of battery energy storage systems by 2032. The partnership is the first major tie-up for Ola Mahashakti, its upcoming energy storage platform set to launch on August 15.

MyLifeXP

5 Electric Scooters With 5-Year Battery Warranty in 2026

For many people planning to buy an electric scooter, the biggest concern is not the range or the charging time. It is the battery replacement cost. A battery is the most expensive component in an electric scooter, and replacing it after the warranty expires can cost a significant amount. That…

The Economic Times

Maharashtra Motor Vehicle Aggregator Rules 2026 notified: From surge pricing to private carpooling to Rs 1 crore penalty, what changes for Ola, Uber, Rapido users

Maharashtra has notified new rules for app-based transport services, bringing aggregators under a uniform framework. These regulations mandate licensing and introduce fare controls, impacting services like Ola and Uber. Passenger safety measures and driver welfare provisions are significantly strengthened by these new rules. Vehicle eligibility criteria and mandatory safety features…

The Economic Times

GST on subscription ride-hailing platforms like Rapido and Bharat Taxi may hit driver earnings: Report

A new report warns that extending GST to subscription-based ride-hailing platforms like Rapido could significantly impact drivers and passengers. The study suggests this move might lower driver earnings, discourage participation, and reduce passenger demand. Drivers prefer predictable costs and greater control, while passengers are price-sensitive. The report advocates for a…

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The Economic Times

Ola Electric ordered to pay Rs 45,000 and fix scooter trunk for free after court finds it ignored warranty repairs for over two months

Ola Electric compensation: An advocate from Ananthapuramu purchased an Ola S1 Pro in October 2022 and reported a trunk lock failure within the warranty period. Despite multiple service visits, emails and a legal notice, Ola Electric never fixed the problem. The District Consumer Commission has now directed the company and…

The Economic Times

Ola Electric gets BIS certification for indigenous LFP battery cell

Ola Electric's subsidiary has secured Bureau of Indian Standards (BIS) certification for its indigenously developed 46100 lithium iron phosphate (LFP) battery cell. This marks a first for an Indian company in this cylindrical format. The new cell, designed for both electric mobility and energy storage, expands their in-house battery portfolio…

The Economic Times

Rapido's early backers look to sell shares worth Rs 100 crore

Angel investors are offloading Rapido shares worth Rs 100 crore as part of a larger $730 million funding round. Swiggy, an early investor, has fully exited its stake. The deal aims for a $3 billion valuation, though some investors are pushing back on pricing.

The Economic Times

Ola Electric files application to settle Sebi probe over false information allegations

Ola Electric and founder Bhavish Aggarwal have approached Sebi to settle allegations of disseminating false information to inflate stock prices. The company seeks an amicable closure without admitting guilt, following Sebi's notice regarding discrepancies in service network expansion, sales figures, and electric motorcycle rollout timelines.

The Economic Times

Noida airport gets round-the-clock cabs, fares range from Rs 1k to Rs 3k

Noida International Airport passengers found taxis to be a dependable transport option. Several cab aggregators like Uber, Ola, and Rapido offered services with introductory discounts. Premium cab operators also provided chauffeur-driven options. UPSRTC buses are also serving the airport, though with a shuttle requirement. These services ensured smooth connectivity for…

The Economic Times

Noida airport to rely on cabs as flights begin on June 15

Noida International Airport opens on June 15. Passengers will primarily use cabs and private vehicles. App-based taxis like Uber and Ola will be available. Local taxi drivers anticipate increased demand. Electric bus services are expected to launch soon. Airport authorities are coordinating with mobility providers for smooth operations.

The Economic Times

Ola Electric shares jump 10%, surge 120% in just 12 weeks. Does this rally have more steam left?

Shares of Ola Electric Mobility surged 10% on Tuesday, extending a sharp rebound that has lifted the stock nearly 120% from its March low. Despite the rally, shares remain over 31% below their 52-week high and far from lifetime peak levels. Analysts see the breakout as an early trend reversal…

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