The company’s bullish stance on ultra-fast food delivery contrasts sharply with rival Zomato, which recently shut down its 15-minute food delivery initiatives, Quick and Everyday, citing a lack of infrastructure and no visible path to profitability.
This is Zomato’s second attempt at offering quick food deliveries, after its pilot project in 2022 – Zomato Instant – failed to take off
Meanwhile, Bolt’s global employer branding manager Grete Kivi wrote on LinkedIn that 'working at Bolt is not for everyone'. She added that Bolt has never been a remote-first company and the return to office mandate is not a sudden change in policy.
The initial rollout of Bolt will take place in key urban centers, including Bengaluru, Hyderabad, Mumbai, Chennai, Delhi, and Pune.
Prime Ventures-backed startup is seeing traction for its operating system solution among electric vehicles, which account for around 80 per cent of the company's business.
In a message to staff on Wednesday, Bolt Chief Executive Officer Maju Kuruvilla wrote that the company was making cuts as part of a broader restructuring.
As part of the collaboration, BOLT chargers will be installed in more than 750 Hero Electric's touch points across India benefitting over 4.5 lakh customers.
Bolt's new CEO Maju Kuruvilla had studied computer engineering from Mangalore University in Karnataka before getting a Masters of Business Administration degree from the University of Washington.
Maju Kuruvilla has studied computer engineering from Mangalore University in Karnataka. He received a Masters of Business Administration degree from the University of Washington.
Calling it a “selfish” move, Bolt founder and CEO Ryan Breslow, 27, said he found that his employees were found to be “overwhelmingly more productive” while working for four days a week, as compared to five days a week.
Amid growing safety concerns over low-cost vehicles, the South African distributor of Tata motor vehicles here has reassured motorists that its popular low-cost 'Bolt' model is safe.
The failure to crack the premium segment once earlier notwithstanding, Tata Motors is set to launch yet another deluxe model in a desperate effort to break the jinx.
The least expensive Bolt will start at USD 37,495 before a USD 7,500 federal tax credit, meaning it would sell for USD 29,995, GM said. The average US price of a new car was USD 34,143 in August, according to Kelley Blue Book.
While the company did not comment on the date of launch of Zica, sources said it is expected to hit the market in the early part of 2016.
Tata Motors is set to come out with an all-new hatchback that would plug the gap between the Nano and the Bolt.
With festive season round the corner, major car manufacturers including Maruti Suzuki India, Hyundai Motor and Tata Motors are offering various schemes, including discounts of up to Rs 37,000 to push up sales.
Tata Motors is investing heavily to roll out a slew of new models in the passenger and commercial vehicle segments, as also in new technologies to address the varying customer needs so as to make the company future-ready, chairman Cyrus Mistry has said.
The Mumbai-based company has launched the two models in partnership with Sri Lanka-based Diesel & Motor Engineering PLC (DIMO).
Shares of Tata Motors gained 1.9 percent intraday Tuesday after the company together with Diesel & Motor Engineering Plc (DIMO) Tata Motors launched its new cars - Zest and Bolt - in the Sri Lankan market.
The company, better known for its cars in the taxi segment, is trying to overcome a "unique social perspective (in India) that a brand which does well in the commercial market, nobody wants to buy for personal usage segment".
Auto companies kicked off the financial year 2014-15 on a strong note by reporting good sales growth in April. Auto shares rallied 2-6 percent intraday on Monday.
Tata has been on resurgence since last year covering a lot of lost ground with their new cars - the Zest and the Bolt. These cars are conceived under Tata's new Horizonext philosophy. Now there's a new vehicle to come out of Horizonext, but this one has a lot to live up to - the GenX Nano.
Sales of passenger vehicles in the domestic market in February stood at 13,767 units, up 21.56 percent from 11,325 units in February 2014.
Mayank Pareek, head of the company‘s passenger vehicle business said the prices were introductory and would be hiked soon
Tata's domestic passenger vehicles business has struggled over the past few years. But that may be changing now.