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Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
South Korean automakers Hyundai Motor and Kia sold about 136 million shares in Ola Electric Mobility on Tuesday. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share. Ola Electric shares fall after 3.3 percent of equity traded in blocks.
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NueGo Teams Up With 'Housefull 5', Blending Comedy and Clean Travel
Bus-users can now get a 10 per cent discount while travelling on Nuego electric buses using 'Housefull5' code while booking tickets.
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Ola Electric's Quarterly Loss Widens to Rs. 870 Crore
Ola Electric Mobility reported a loss of Rs. 870 crore ($101.8 million) in the quarter ended March 31, compared with a loss of Rs. 416 crore a year earlier. Its total expenses fell 31.6 percent to Rs. 13.6 crore.
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BGauss Announces Ajay Devgn As The Brand Ambassador For Its E-Scooter Lineup
BGauss partners with Ajay Devgn to expand EV mobility in India, appoints him as the brand ambassador.
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Xiaomi 15s Pro, Xiaomi Pad 7 Ultra, Xiaomi YU7 Launch Date Announced; XRING 01 Chipset Spotted on Geekbench
Xiaomi 15s Pro will be launched in China later this week. The Xiaomi Pad 7 Ultra and the company's latest electric car, Xiaomi YU7, will be launched alongside the new smartphone. Xiaomi's new self-developed chipset, Xring 01 SoC, will be announced during the event. The Xiaomi 15s Pro is confirmed to be the first phone to ship with this new chipset....
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Greaves Electric Gets SEBI Greenlight To Float IPO
The Securities and Exchange Board of India has greenlighted Greaves Electric Mobility for an IPO. The company submitted its draft Red Herring Prospectus in December 2024.
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Kinetic Engineering Grants Brand License To EV Arm Kinetic Watts And Volts; Marks Strategic Push Into Electric Mobility
The brand licensing agreement between Kinetic Engineering and Kinetic Watts and Volts will be valid for an initial period of three years.
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The BluSmart (And Gensol) Story: Missing Crores, A Luxury Flat, And EV Cabs
In July 2024 EV cab service BluSmart raised Rs 200 crore in funding from new investors like ex-India cricket team captain MS Dhoni. But, less than a year later, it has shut operations amid Sebi investigation into car leasers Gensol.
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Government Ends Import Duty for Items Needed to Make EV Batteries, Phones
India has said that there would be no import duties on some goods used to manufacture electric vehicle batteries and mobile phones. India has been preparing to mitigate the impact of US President Donald Trump's reciprocal tariffs set to take effect from April 2.
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Ola Electric Arm Settles Dues with Vehicle Registration Service Provider
Earlier this month, Rosmerta Digital Services Ltd had sought to initiate insolvency proceedings against Ola Electric Technologies Pvt Ltd. On Tuesday, March 25 Ola said it has amicably settled all dues with its former vehicle registration service provider.
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Ola Electric Shares Drop Over 7% Amid Insolvency Petition; Hit 52-Week Low
Shares of Ola Electric Mobility Ltd tanked after the firm said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly-owned arm Ola Electric Technologies Pvt Ltd.
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OPG Ferrato Electric Scooter Range Gets A Price Cut: Check New Prices
OPG has announced a price drop on its Ferrato lineup. The initiative aims at extending cost benefits obtained from suppliers to customers directly.
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Ola Electric Stores See Raids, Seizures on Flouting India Rules
Ola Electric Mobility Ltd.'s shift to 4,000 brick-and-mortar showrooms since 2022 has faced regulatory challenges. A Bloomberg News investigation found that over 95 percent of the 3,400 showrooms analysed lacked trade certificates under India’s Motor Vehicles Act. In response to customer complaints, authorities across states have raided showrooms...
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Infinix Unveils E-Color Shift 2.0, SolarEnergy-Reserving Technology at MWC 2025
Infinix Note 50 series will be launched in Indonesia today. The lineup will succeed the Infinix Note 40 handsets, which were initially unveiled in March 2024. Meanwhile, the company has introduced E-Color Shift 2.0 and SolarEnergy-Reserving Technology at an event in Mobile World Congress (MWC) 2025. The former is said to use ambient light to exte...
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Ola Electric Said to Cut Over a Thousand Jobs to Stem Losses
Ola Electric Mobility is laying off over a thousand employees and contract workers,, people with knowledge in the matter have told the media. The cuts at the SoftBank Group-backed firm, span multiple departments, including procurement, fulfillment, customer relations and charging infrastructure, the people said, asking not to be identified as the i...
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Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
South Korean automakers Hyundai Motor and Kia sold about 136 million shares in Ola Electric Mobility on Tuesday. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share. Ola Electric shares fall after 3.3 percent of equity traded in blocks.
-
NueGo Teams Up With 'Housefull 5', Blending Comedy and Clean Travel
Bus-users can now get a 10 per cent discount while travelling on Nuego electric buses using 'Housefull5' code while booking tickets.
-
Ola Electric's Quarterly Loss Widens to Rs. 870 Crore
Ola Electric Mobility reported a loss of Rs. 870 crore ($101.8 million) in the quarter ended March 31, compared with a loss of Rs. 416 crore a year earlier. Its total expenses fell 31.6 percent to Rs. 13.6 crore.
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BGauss Announces Ajay Devgn As The Brand Ambassador For Its E-Scooter Lineup
BGauss partners with Ajay Devgn to expand EV mobility in India, appoints him as the brand ambassador.
-
Xiaomi 15s Pro, Xiaomi Pad 7 Ultra, Xiaomi YU7 Launch Date Announced; XRING 01 Chipset Spotted on Geekbench
Xiaomi 15s Pro will be launched in China later this week. The Xiaomi Pad 7 Ultra and the company's latest electric car, Xiaomi YU7, will be launched alongside the new smartphone. Xiaomi's new self-developed chipset, Xring 01 SoC, will be announced during the event. The Xiaomi 15s Pro is confirmed to be the first phone to ship with this new chipset....
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Greaves Electric Gets SEBI Greenlight To Float IPO
The Securities and Exchange Board of India has greenlighted Greaves Electric Mobility for an IPO. The company submitted its draft Red Herring Prospectus in December 2024.
-
Kinetic Engineering Grants Brand License To EV Arm Kinetic Watts And Volts; Marks Strategic Push Into Electric Mobility
The brand licensing agreement between Kinetic Engineering and Kinetic Watts and Volts will be valid for an initial period of three years.
-
The BluSmart (And Gensol) Story: Missing Crores, A Luxury Flat, And EV Cabs
In July 2024 EV cab service BluSmart raised Rs 200 crore in funding from new investors like ex-India cricket team captain MS Dhoni. But, less than a year later, it has shut operations amid Sebi investigation into car leasers Gensol.
-
Government Ends Import Duty for Items Needed to Make EV Batteries, Phones
India has said that there would be no import duties on some goods used to manufacture electric vehicle batteries and mobile phones. India has been preparing to mitigate the impact of US President Donald Trump's reciprocal tariffs set to take effect from April 2.
-
Ola Electric Arm Settles Dues with Vehicle Registration Service Provider
Earlier this month, Rosmerta Digital Services Ltd had sought to initiate insolvency proceedings against Ola Electric Technologies Pvt Ltd. On Tuesday, March 25 Ola said it has amicably settled all dues with its former vehicle registration service provider.
-
Ola Electric Shares Drop Over 7% Amid Insolvency Petition; Hit 52-Week Low
Shares of Ola Electric Mobility Ltd tanked after the firm said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly-owned arm Ola Electric Technologies Pvt Ltd.
-
OPG Ferrato Electric Scooter Range Gets A Price Cut: Check New Prices
OPG has announced a price drop on its Ferrato lineup. The initiative aims at extending cost benefits obtained from suppliers to customers directly.
-
Ola Electric Stores See Raids, Seizures on Flouting India Rules
Ola Electric Mobility Ltd.'s shift to 4,000 brick-and-mortar showrooms since 2022 has faced regulatory challenges. A Bloomberg News investigation found that over 95 percent of the 3,400 showrooms analysed lacked trade certificates under India’s Motor Vehicles Act. In response to customer complaints, authorities across states have raided showrooms...
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Infinix Unveils E-Color Shift 2.0, SolarEnergy-Reserving Technology at MWC 2025
Infinix Note 50 series will be launched in Indonesia today. The lineup will succeed the Infinix Note 40 handsets, which were initially unveiled in March 2024. Meanwhile, the company has introduced E-Color Shift 2.0 and SolarEnergy-Reserving Technology at an event in Mobile World Congress (MWC) 2025. The former is said to use ambient light to exte...
-
Ola Electric Said to Cut Over a Thousand Jobs to Stem Losses
Ola Electric Mobility is laying off over a thousand employees and contract workers,, people with knowledge in the matter have told the media. The cuts at the SoftBank Group-backed firm, span multiple departments, including procurement, fulfillment, customer relations and charging infrastructure, the people said, asking not to be identified as the i...
