Bhavish Aggarwal News - Latest Updates & Headlines
Ola Electric sees 51 pc slowdown in electric 2W sales in May, drops to 3rd spot
New Delhi, June 1: Ola Electric saw a 51 per cent (year-on-year) slowdown in electric two-wheeler sales to 18,499 units in May, dropping to the third position behind rivals TVS Motor and Bajaj Auto.
Kotak Securities slashes Ola Electric's target price by 40 pc after dismal Q4 results
New Delhi, May 30: Kotak Securities on Friday slashed price target on Ola Electric by 40 per cent to Rs 30 from Rs 50, citing continued losses and rising competition.
Ola Electric's net loss doubles in Q4, revenue tanks 62 pc
New Delhi, May 29: Ola Electric's financial performance took a sharp beating in the fourth quarter (Q4) of FY25, as the Bhavish Aggarwal-led electric vehicle maker on Thursday reported a steep drop in revenue and a two-fold increase in net losses on year-on-year (YoY) basis.
US investment firm Vanguard cuts Ola's valuation to $1.25 billion as IPO faces uncertainty
New Delhi, May 9: US-based asset management firm Vanguard has sharply reduced the valuation of ride-hailing company Ola to $1.25 billion, according to its latest filing with the US Securities and Exchange Commission (SEC).
ICRA downgrades Ola Electric's debt rating amid sluggish sales and profitability challenges
New Delhi, May 4: Ratings agency ICRA Limited has downgraded the debt rating of Ola Electric Mobility Limited's automotive unit due to slower-than-expected sales and a challenging road to profitability.
Ola Electric delays Roadster X deliveries again, shares down over 43 pc
New Delhi, May 2: Ola Electric has once again delayed the delivery of its Roadster X motorcycle, marking the second such postponement in just two months.
Transport Ministry hauls up Ola Electric over missing trade certificates, EV firm responds
New Delhi, April 25: The Union Ministry of Road Transport and Highways has issued a show-cause notice to Ola Electric Mobility Limited over missing trade certificates.
Centre sends another notice to Ola Electric over mismatch in Feb sales: Report
New Delhi, March 29: The Ministry of Road Transport and Highways has reportedly sent a fresh show-cause notice to Ola Electric Mobility, seeking an explanation about mismatch in its sales numbers recorded in February.
Ola Electric's stock slides as raids expand on its stores over trade violations
New Delhi, March 20: Following reports of regulatory scrutiny and fresh raids on company's stores, Ola Electric's stock price took a hit on Thursday as shares dropped by 4.05 per cent to Rs 51.64 apiece on the Bombay Stock Exchange (BSE).
After Mumbai, Pune RTO cracks down on Ola Electric stores; 36 e-scooters seized
Mumbai, March 20: The Maharashtra government has intensified its scrutiny of Ola Electric stores over alleged trade violations, adding to the challenges faced by Bhavish Aggarwal-led electric vehicle (EV) maker
Ola Electric's vendor moves NCLT over unpaid dues, seeks insolvency action
New Delhi, March 16: A vendor of Ola Electric Mobility Limited -- Rosmerta Digital Services Private Limited -- has filed an insolvency petition against a wholly owned subsidiary of the electric two-wheeler maker over alleged non-payment of dues.
Ola Electric shares drop over 4 pc amid reports of raids, regulatory issues
New Delhi, March 10: Shares of EV company Ola Electric on Monday fell by nearly 4 per cent, following reports of raids, vehicle seizures, and showroom closures linked to the company.
Ola Electric misses cell manufacturing deadline at its Gigafactory
New Delhi, March 5: As it continues to struggle on various fronts amid job cuts, Ola Electric Mobility has now failed to kick off cell manufacturing at its Gigafactory on time.
Ola's Bhavish mimics Musk on work culture, asks employees for weekly updates
New Delhi, March 4: Mimicking billionaire Elon Musk's recent orders for US federal employees to send a weekly report card of their work, Ola Founder and CEO Bhavish Aggarwal has also instructed employees across his companies to submit weekly reports, detailing their achievements.
Ola Electric to slash over 1,000 jobs in 2nd layoff round as losses mount: Report
New Delhi, March 3: Ola Electric Mobility is reportedly laying off more than 1,000 employees and contract workers in its second round of job cuts within months.
Only 1 in 3 Ola Electric scooters sold in February officially registered
New Delhi, Feb 28: Only one out of three Ola Electric scooters sold in February was officially registered, according to latest data from the government's VAHAN portal.
Ola Electric sees dip in VAHAN registrations in Feb
New Delhi, Feb 19: Ola Electric Mobility Limited is expected to see a decline in VAHAN registrations for February and the company's sales remain steady, according to the company’s exchange filing on Wednesday.
Investors lose about Rs 40,000 crore as Ola Electric shares hit all-time low
Mumbai, Feb 18: As shares of Bhavish Aggarwal-led Ola Electric continue to slide, investors have been impacted heavily as approximately Rs 40,000 crore has been wiped out since the company stock's peak valuation.
Bhavish-led Ola Consumer clocks 21 pc decline in revenue in FY24
New Delhi, Feb 13: Bhavish Aggarwal-run Ola Consumer, which runs the cab-hailing service, on Thursday reported 21 per cent decline in its consolidated revenue from operations and other income for the last fiscal (FY24).
Ola Electric's loss widens to Rs 564 crore in Q3, revenue drops 19 pc as stock plunges
Mumbai, Feb 7: Bhavish Aggarwal-run Ola Electric Mobility on Friday reported a massive net loss of Rs 564 crore in the third quarter (Q3 FY25), an increase of 13.94 per cent compared to a net loss of Rs 495 crore in the previous quarter (Q2 FY25).
CCPA intensifies investigation into Ola Electric over consumer complaints, askes for additional information
New Delhi, January 11: The Central Consumer Protection Authority (CCPA) has deepened its investigation into Ola Electric Mobility Limited and asked for additional documents as part of its ongoing investigation into alleged consumer rights violations.
Markets regulator SEBI sends notice to Ola Electric for violating disclosure norms
New Delhi, Jan 8: Electric vehicle (EV) company Ola Electric Mobility Limited has received an administrative warning from the markets regulator, the Securities and Exchange Board of India (SEBI), for violating disclosure norms.