-
June 02, 2023 04:04 PM IST Sales rose 147 percent year on year to hit a record of 104,845 units in May, as the government announced a subsidy reduction effective June 1
-
June 01, 2023 03:24 PM IST While the companies have not shared the impact of the price revisions, industry observers says there will be marginal impact on sales growth over the next two to three months
- May 31, 2023 07:18 PM IST
However, players say the segment should learn to live independent of subsidies. They point out that customers are now increasingly opting for EVs over ICE vehicles.
- May 26, 2023 06:17 AM IST
A daily round-up of the most interesting articles to help jump-start the day.
- May 25, 2023 02:07 PM IST
Kotak Mahindra Capital and Goldman Sachs are currently in advanced talks to be selected as financial advisors, with Kotak closely collaborating with the startup to determine the IPO's structure
- May 05, 2023 10:25 PM IST
Experts at Moneycontrol Policy Next Karnataka Summit's 'Make in Karnataka' panel discussion touched upon a range of topics such as investment in Bengaluru and surrounding areas and upcoming elections
- May 04, 2023 02:19 PM IST
Ola said the electric vehicle industry has witnessed unprecedented success in the last couple of years despite attempts from vested interest groups, like the recent narrative on charger pricing
- May 03, 2023 04:29 PM IST
Analysts believe Minda is keen on expanding into the instrument-cluster market, which has a huge growth potential in the electrification of mobility. Pricol is the market leader in the product category, particularly in the two-wheeler segment.
- May 02, 2023 05:51 PM IST
As many as 14 E2W manufacturers are reportedly under the government’s scanner for allegedly claiming FAME-II subsidies in violation of minimum localisation norms
- May 02, 2023 10:10 AM IST
FAME-II subsidies will be crucial to drive adoption, according to their report
- May 01, 2023 09:25 PM IST
The development comes amid government initiated an investigation into FAME scheme irregularities after whistleblowers raised apprehensions.
- April 03, 2023 01:38 PM IST
With the sustained demand for electric two-wheelers, industry analysts reckon that the market is set to expand further in the coming months.
- March 31, 2023 03:47 PM IST
The EV arm of the Lohia Global has already invested Rs 100 crore to establish a manufacturing plant at Kashipur, Uttarakhand, with an installed capacity of 100,000 vehicles across three- and third-wheeler segments. Lohia Auto has sold more than 50,000 units of EVs comprising 14,000 e-rickshaws and 30-35,000 two-wheelers to date.
- March 22, 2023 07:40 PM IST
The fresh round of fundraising comes amid expectations that Ola Electric would break even soon and achieve profitability.
- March 21, 2023 06:28 PM IST
Our specially curated package of the big stories to help you stay at the top of your game.
- March 21, 2023 04:19 PM IST
The brand’s attempts at handling a crisis appear to be more damning than its history of engineering missteps.
- March 17, 2023 12:27 PM IST
Ola is a contender in the cab and electric two-wheeler markets. But cars are an entirely different ballgame in the world’s most competitive market, which has humbled MNCs with decades of experience
- March 15, 2023 08:35 AM IST
The upgrade will be free of cost and the appointment window will open starting March 22, Ola said.
- March 02, 2023 02:57 PM IST
The total number of electronic two-wheelers sold last month was almost double the number of units sold during February 2022 at 35,709 units, and just a notch above 64,595 units sold in January 2023.
- February 18, 2023 03:14 PM IST
Ola will invest 76.14 billion rupees ($920 million) through its subsidiaries Ola Electric Technologies and Ola Cell Technologies, drawn to the growing demand for EVs in India.
- February 09, 2023 08:15 PM IST
The Ola S1 Air will be available at Rs 84,999 for the entry-level variant (2Kwh), Rs 99,999 for the mid-variant (3 kwh), and Rs 1,09,999 for the top variant (4 Kwh).
- February 09, 2023 04:09 PM IST
The company, which currently has 200 experience centres across the country, is also planning to bring an electric bike to the market.
- January 09, 2023 05:16 PM IST
Macroeconomic conditions may slow two-wheeler demand but EV growth will continue to soar, says Mehta, adding that Ather won't fire three bullets to get one right but spend time to perfect its products one at a time.
- January 03, 2023 12:39 PM IST
The data also showed that Ola Electric retained the market leadership position, having delivered 17,279 units of the S1 and S1 Pro electric scooters during December
- December 22, 2022 06:16 PM IST
Ola Electric will become cash positive next year, according to founder Bhavish Aggarwal, who also stated that ANI Technologies' ride-hailing business, Ola Cabs, will go public in the second half of 2023.
