[teslageek]

Originally Posted by buzzy_boy

It is easier to copy Uber & create a company out of it, but it is much more difficult to do what BYD did.

Ola is not even in the same realm as BYD. Ola is not even a fraction of the company Yadea is. Yadea by the way is the largest manufacturer of EV 2 wheelers in the world from, you guessed it right, China.

[volkman10]

Ola Electric shares drop 7.09% to record low after insolvency petition.

The allotment for OLA Electric IPO was finalized on Wednesday, August 7, 2024. The shares got listed on BSE, NSE on August 9, 2024. OLA Electric IPO price band is set at ₹76 per share.

[volkman10]

Transport Department received complaint against Ola Electric in Mumbai.








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[volkman10]

Ola electric in deep trouble again as discrepancy in sales data noticed.

The Ministry of Heavy Industries has sought clarification from Ola Electric regarding the mismatch between the company’s reported sales and actual vehicle registration. The Maharashtra RTO authorities conducted inspections at several Ola showrooms.
The company claimed to have sold 25,000 vehicles in the previous month, however, as per the Vahan Portal only 8,600 vehicles were registered.

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[iamswift]

If one can boldly pin point a single person for this catastrophe, its none other than the CEO.
Some talk cloud high but deliver too; while there is this other type who are all talk and no stuff. We know what category B belongs to. He is a major contributor, if not sole contributor, for this disaster. There were enough warnings right from the start for a keen leader to attend to and fix it, but alas, that is not the case here.
This affects not just Ola, but in a way, the emerging 2W EV market. I only hope the dent is temporary.

[volkman10]

Maharashtra Govt. tells RTOs to shut Ola electric stores without trade certificates.

A total of 104 Ola Electric stores in Maharashtra have been found to be operating without a trade certificate since the inspections began last month.

Maharashtra's RTOs have so far inspected 131 Ola Electric stores in the state, according to the show cause notice. Of them, 104 were found to be operating without a trade certificate and 43 of them have been shut so far. A total of 214 scooters have been seized since the inspections started last month.

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