O
54.04
as on 03 Apr 2025 at 15:59
Market Cap
₹23,849 Cr
PE Ratio
0.00
ROCE
-37.50%
Ola Electric: Same-Day Vehicle Registration and Delivery Service Launched
Ola Electric introduces 'HyperDelivery' for same-day vehicle registration and delivery. Customers can complete purchases online or in-store and receive fully registered vehicles within hours. The company has moved registration processes in-house using AI automation. The service is piloting in Bangalore with plans for phased expansion across India this quarter.
Ola Electric Launches Hyperdelivery Service
Ola Electric has introduced a new service called Hyperdelivery, which offers same-day registration and delivery of vehicles to customers. This initiative aims to streamline the purchase process and enhance customer experience by significantly reducing the waiting time between purchase and delivery.
Ola Electric: March 2025 Sales Update and Registration Backlog Clearance
Ola Electric registered 23,430 units in March 2025, lower than February's 25,000 units. The company is clearing its registration backlog from February-March, expecting completion in April 2025. Deliveries of Gen 3 portfolio have begun with strong customer response, leading to increased production.
Ola Electric Reports March Sales of 23,430 Units
Ola Electric, an electric vehicle manufacturer, has announced its total sales figures for March, reaching 23,430 units.
Ola Electric: Fresh Showcause Notice Over February Sales Discrepancy
Ola Electric received a showcause notice from India's transport ministry regarding a mismatch in February sales records. The ministry seeks explanations on unregistered scooters, delivery without number plates, and sales without trade certificates. Ola claimed 25,000 scooters sold in February, but only 8,652 were registered. The company faces raids on stores for lack of trade certificates.
Ola Electric: Third Notice from Transport Ministry Over Sales Discrepancy
Ola Electric received a third notice from the Ministry of Road Transport and Highways regarding a mismatch between claimed sales and actual registrations in February. The company reported 25,000 scooters sold but only 8,652 were registered. Ola has seven days to respond to specific queries about sales, deliveries, and registrations. The company faces regulatory actions across multiple states, with showrooms being sealed in some areas.
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