Ola Electric offers discount on Shakti Gen2 home inverter
Ola Electric has announced an introductory offer for its Shakti Gen2 home inverter, available in 3 kW and 6 kW capacities. Customers can reserve the device for Rs 999, and select early…
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Rs 57 crore provision reversal hits Ola Electric shares, brokerages wary
Ola Electric shares fell 5% intraday after its subsidiary Ola Cell Technologies reversed a Rs 57 crore penalty provision without ministry approval, inflating the company's reported loss reduction. Without the reversal, the…
Ola Electric unveils Shakti portfolio to enter energy storage market
Ola Electric has expanded beyond scooters into energy storage, unveiling a three-tier Shakti portfolio. The Economic Times reports the range spans homes, commercial facilities and grid-scale applications, from 4.6 kWh residential systems…
Ola Electric gets two-year PLI extension, Rs 7,240 crore
The Ministry of Heavy Industries has revised Ola Electric's ACC PLI scheme timelines, effectively granting a two-year extension. The revision unlocks up to Rs 7,240 crore in incentives over a five-year window…
Ola Electric auditor flags Rs 57 crore PLI penalty reversal
Ola Electric Mobility Ltd's auditor, BSR & Co (KPMG affiliate), has issued a qualified report on the company's June quarter results, flagging a Rs 57 crore reversal of a penalty provision under…
Ola Electric Q1: Brokerages flag weak volumes, cash burn
Ola Electric’s June quarter results drew a mixed response from brokerages, with most retaining cautious or sell ratings. Goldman Sachs maintained 'Neutral' with a target of Rs 40, while Kotak and Citi…
Ola Electric Gigafactory targets drones, defence, energy storage
Ola Electric has signed a 20-GWh energy storage memorandum of understanding and disclosed fresh partnerships in the defence and drone cell sectors. The company presented its Tamil Nadu Gigafactory as a multi-market…
Ola Electric pivots to dealers, gets 1,000 enquiries
Ola Electric is shifting to a dealer-led retail model after months of declining sales, receiving interest from nearly 1,000 prospective dealers. Chairman Bhavish Aggarwal said the company realised that local dealers can…
Ola Electric to launch Mahashakti battery storage platform on Aug 15
Bhavish Aggarwal-led Ola Electric will launch its battery energy storage platform Mahashakti on August 15, targeting commercial, industrial and utility-scale projects. The company’s Gigafactory will reach 6 GWh capacity by September, supporting…
SBI, Hindalco report stronger Q1 profits as 190-plus firms post results
SBI’s standalone profit rose 10.2% year on year to Rs 21,121.22 crore in Q1FY27, while Hindalco’s standalone profit doubled to Rs 4,784 crore, The Hindu BusinessLine reported on August 7. Godrej Consumer…
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