Search Results for: Bhavish Aggarwa

Investors lose Rs 38,000 crore as Ola Electric's stock continues to slide

Ola Electric to sack 500 employees amid controversies, poor results

Ola Electric, mired in controversies amid a government probe and mounting losses, is set to lay off at least 500 employees as part of an restructuring exercise.

7 hours ago

Investors lose Rs 38,000 crore as Ola Electric's stock dovetails unabated

As the shares of Bhavish Aggarwal-led Ola Electric continue to slide, a massive Rs 38,000 crore worth of investors' money has been eroded in the company's stock in just a couple of months.

3 days ago

Ola Electric users continue to cry amid poor service, software glitches nationwide

Ola Electric users's woes continue unabated as software glitches grip vehicles

As the government ordered a detailed probe into Bhavish Aggarwal-led Ola Electric over its consumer complaint redressal practices, there is no respite for several of its customers, who on Monday detailed their ordeal with its electric two-wheelers.

4 days ago

Ola Electric's stock tanks to its lowest as market analysts warn investors

CCPA orders detailed probe into Ola Electric over consumer complaint resolution process

In mounting trouble for Bhavish Aggarwal-led Ola Electric, the Central Consumer Protection Authority (CCPA) has now ordered a comprehensive probe into the EV company over its consumer complaint redressal practices.

8 days ago

Ola Electric's share hits all-time low of Rs 74 ahead of Q2 results

Bhavish Aggarwal-run Ola Electric Mobility saw its share nosedive further to a fresh low of Rs 74.18 apiece on Tuesday after touching Rs 73.84 during the intra-day trading -- losing almost 8.5 per cent in a day.

17 days ago

Ola Electric's stock may trade below its debut price of Rs 76, no respite seen

Facing a barrage of customer complaints amid poor after-sale service, Bhavish Aggarwal-run Ola Electric saw its stock plummet to a record low on Wednesday -- below Rs 80 apiece in the morning trade -- as market experts said the share may soon trade below its debut price of Rs 76.

Oct 23, 2024

Ola Electric's EV market share drops to 27 pc as problems mount

Centre directs Ola to let consumers choose preferred refund mode amid rising complaints

The Central Consumer Protection Authority (CCPA) directed the ride-hailing platform to develop a mechanism providing choices to consumers regarding refund mode -- either directly to their bank account or via coupon -- during the grievance redressal process.

Oct 13, 2024

Bhavish Aggarwal vs Kunal Kamra: Ola Electric customers left in agony amid online spat

Aggrieved Ola electric customers were once again left in the lurch as Ola CEO Bhavish Aggarwal and comedian Kunal Kamra got busy in a heated all-day spat on Sunday over the poor conditions at the EV company's service centres across the country.

Oct 7, 2024

Ola Electric's EV Market Share Falls to 27% Amid Growing Challenges

Bhavish Aggarwal-run Ola Electric continues to lose its market share in the Indian EV market and in the month of September, it further dropped to 27 per cent amid rising competition as well as its crippling service centres.

Oct 2, 2024

Ola Electric share tanks 4 pc, trades below Rs 100 for 1st time

Shares of Ola Electric Mobility fell more than 4 per cent on Monday and slipped below the Rs 100 mark for the first time since its listing last month.

Oct 1, 2024

Ola Electric's Stock Plummets To All-Time Low Amid Rising Competition

Ola Electric, the electric vehicle arm of ride-hailing giant Ola, saw its stock plummet to an all-time low. The company's shares were trading at Rs 103 apiece on Wednesday morning, marking a drastic 35% drop from its peak value of Rs 157.40.

Sep 25, 2024

Ola Electric's share nosedives further, analysts warn investors to remain cautious

Bhavish Aggarwal-run Ola Electric shares nosedived further on Monday, as market analysts warned retail investors not to go bullish on the stock yet, owing to its speculative valuation amid rising competition.

Sep 23, 2024

Ola Electric fast losing market share, market experts tell investors to remain 'cautious'

Ola Electric's market share in the electric two-wheeler market has slipped from 49 per cent in the June quarter (Q1 FY25) to 33 per cent in August on a month-to-date basis.

Aug 24, 2024

Ola Electric Faces Data Theft Allegations Amid IPO Preparations

Ola Electric, the electric vehicle arm of ride-hailing giant Ola, has been accused of data theft by CE Info Systems Ltd, the parent company of MapMyIndia. The allegations, which have been vehemently denied by Ola Electric, have sparked a legal battle that could have far-reaching implications for both companies.

Jul 30, 2024

Ola Electric ends FY24 with record 115 pc growth

Ola Electric IPO to open in Rs 72-76 price band for subscription on August 2

Homegrown EV firm Ola Electric is set to offer shares in the price band of Rs 72-76 in its initial public offering (IPO) worth Rs 5,500 crore that will open for subscription on August 2 and close on August 6.

Jul 29, 2024

1 2 3 4 5