OlaElectric

Ola Electric Faces Regulatory Crackdown: Raids and Seizures Hit Stores Across India

27 days ago

In a significant escalation of scrutiny over corporate compliance, Ola Electric, a leading electric vehicle manufacturer in India, has found itself at the center of a fierce regulatory storm. Recent reports indicate that numerous Ola Electric stores across several Indian states have been subjected to unexpected raids by local authorities, leading to the seizure of products and significant documents.

Ola Electric Faces Major Downsizing Amidst Financial Struggles

1 month ago

In a significant move to mitigate mounting financial losses, Ola Electric has reportedly laid off over a thousand employees. The restructuring comes as the electric vehicle manufacturer grapples with economic challenges and seeks ways to streamline operations while remaining competitive in a rapidly evolving market.

Ola Electric Expands Retail Footprint with 3,200 Store Openings Amid Ongoing Consumer Complaints

3 months ago

In a significant move to boost its market presence, Ola Electric has announced the opening of an impressive 3,200 stores across India. This expansion comes at a time when the company faces substantial scrutiny and criticism from consumers regarding various issues related to its electric vehicles (EVs). Despite the consumer complaints that have plagued the company throughout the year, Ola Electric is making a bold statement on its growth strategy and commitment to the EV market.

Ola Electric's Shares Dwindle Below IPO Price Amid Financial Struggles

5 months ago

In a troubling turn of events for Ola Electric Mobility Pvt Ltd, the company's shares have slipped below their initial public offering (IPO) price, reflecting significant financial challenges that the firm is currently facing. This decline has raised concerns among investors about the future viability of the electric vehicle (EV) manufacturer.