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Ola Electric Q4 Results: Two-wheeler electric vehicle (EV) manufacturer Ola Electric on Thursday, May 29, informed that its consolidated net loss for the January-March (Q4) quarter of the financial year 2024-25 more than doubled to ₹870 crore amid a sharp decline in topline. The net loss in the corresponding quarter last year stood at ₹416…
This approach fetched the company a valuation of $4 billion in its initial public offering (IPO) last August. Things went downhill soon. Its stock has nearly halved in value, even as the BSE Sensex rose 3% during this period. An underwhelming stock is just one of the many troubles weighing on Aggarwal, Ola Electric and…
Backed by automotive giant Hero MotoCorp and marquee investor Tiger Global, Ather’s listing comes amid choppy market conditions and a cautious investor climate following Ola Electric’s underwhelming market debut. Ola Electric hit the 20% upper circuit on its debut in August but has since slipped, delivering a negative return of over 34% from its listing…
Ola Electric’s woes continue to mount in the face of declining stock value (currently listed at ₹50 on the BSE). India’s leading electric two-wheeler is witnessing record lows in investor confidence as its maiden electric motorcycle – the Roadster – continues to witness delays in deliveries and homologation issues. Back in June 2024, the Bengaluru-based…
BharatPe founder Ashneer Grover had once expressed his intentions to ‘beat’ Ola and Uber along with BluSmart co-founder Anmol Jaggi, the businessman who has now landed in major trouble for siphoning off money meant for his businesses. A handwritten note from Grover, dating back two years ago, has revealed his desire to challenge the businesses…
Auto Stocks: The earnings performance of most Original Equipment manufacturers (OEMS) is likely to remain muted during the January-March 2025 quarter or Q4FY25. The passenger vehicle sales growth remains in the slow lane as does that of two wheelers. The commercial Vehicles and tractor sales too have been a mixed bag. In the back drop…