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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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Ola Electric Shares In Spotlight As Hyundai, Kia Exit Via Rs 690 Crore Block Deals
Hyundai Motor sold its entire stake in Ola Electric, while rival South Korean carmaker Kia trimmed its holding, in a combined share sale worth 6.89 billion rupees ($80 million).
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"Most Scary Experience": Bengaluru Woman Recounts Harassment By Ola Driver During Late-Night Ride
Ms Jain further claimed that the driver lit a cigarette inside the vehicle and ignored her objections.
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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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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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Mumbai Entrepreneur's Heartwarming Encounter With Ola Driver Who Turned Out To Be An Olympian
Moved by the encounter, the entrepreneur shared the story on social media, shedding light on the often-overlooked struggles faced by India's athletes.
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Ola Electric Opens 3,200 Stores Amid Year of Consumer Complaint Woes
Ola Electric has increased the number of showrooms and service centers to 4,000, Ankush Aggarwal, group head of financial services and retail auto business, said at an event Wednesday.
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Ola Driver Casually Watches Videos While Driving, Mumbai Police Reacts
The passenger, who shared the video on X, criticised Ola for the driver's reckless behaviour, accusing him of putting lives at risk.
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"Ran For My Life": Woman Shares "Nightmarish" Experience With Ola Cab In Gurgaon
To compound the terrifying experience, the passenger attempted to use the SOS button on the Ola app, but it did not work.
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Ola Electric Nosedives 8% Day After Bhavish Aggarwal-Kunal Kamra Spat
The shares of Ola Electric Mobility plunged steeply over 8% this morning, down 43% from its post-listing peak, as complaints about its flagship electric two-wheelers kept flooding social media.
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Ola Electric's Shares Fall Over 8% As Angry Customers Flood Social Media
Bhavish Aggarwal-led Ola Electric saw its stock crashing to about Rs 90 a piece in the morning trade on Monday, as aggrieved customers flooded social media platforms again with a myriad of issues with its flagship electric two-wheeler.
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"Worst EV": Frustrated Bengaluru Woman Uses Placard Urging Public To Avoid Ola Electric Scooter
Ms Gowri shared a photo of her scooter with a sign that read, "Dear Kannadigas, Ola is a useless two-wheeler. Please do not buy an Ola Electric scooter."
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"Raised Hand To Slap": Gurugram Woman On Harrowing Experience With Ola Driver
"The driver became increasingly aggressive, speaking in Haryanvi and even making threats," she wrote on LinkedIn.
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"Didn't Even Know How To Ride Bicycle": Inspiring Story Of Ahmedabad Female Cab Driver Wins Hearts
A Facebook user recently shared an inspiring story of a female cab driver in Ahmedabad. In his post, the user, Ojas Desai shared that he was in Ahmedabad when he booked an Ola cab and a female cab driver arrived to pick him up.
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Ola Electric Shares Surge on Debut as Investors Bet on Increasing EV Adoption
Ola Electric's shares surged on Friday as the company's investors bet on increasing adoption of EVs in the country. Ola Electric's $734 million IPO is India's biggest so far in 2024 and with a 39% market share as of July, Ola Electric dominates sales of electric scooters in India, having launched its first model just three years ago.
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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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Ola Electric Shares In Spotlight As Hyundai, Kia Exit Via Rs 690 Crore Block Deals
Hyundai Motor sold its entire stake in Ola Electric, while rival South Korean carmaker Kia trimmed its holding, in a combined share sale worth 6.89 billion rupees ($80 million).
-
"Most Scary Experience": Bengaluru Woman Recounts Harassment By Ola Driver During Late-Night Ride
Ms Jain further claimed that the driver lit a cigarette inside the vehicle and ignored her objections.
-
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.
-
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...
-
Mumbai Entrepreneur's Heartwarming Encounter With Ola Driver Who Turned Out To Be An Olympian
Moved by the encounter, the entrepreneur shared the story on social media, shedding light on the often-overlooked struggles faced by India's athletes.
-
Ola Electric Opens 3,200 Stores Amid Year of Consumer Complaint Woes
Ola Electric has increased the number of showrooms and service centers to 4,000, Ankush Aggarwal, group head of financial services and retail auto business, said at an event Wednesday.
-
Ola Driver Casually Watches Videos While Driving, Mumbai Police Reacts
The passenger, who shared the video on X, criticised Ola for the driver's reckless behaviour, accusing him of putting lives at risk.
-
"Ran For My Life": Woman Shares "Nightmarish" Experience With Ola Cab In Gurgaon
To compound the terrifying experience, the passenger attempted to use the SOS button on the Ola app, but it did not work.
-
Ola Electric Nosedives 8% Day After Bhavish Aggarwal-Kunal Kamra Spat
The shares of Ola Electric Mobility plunged steeply over 8% this morning, down 43% from its post-listing peak, as complaints about its flagship electric two-wheelers kept flooding social media.
-
Ola Electric's Shares Fall Over 8% As Angry Customers Flood Social Media
Bhavish Aggarwal-led Ola Electric saw its stock crashing to about Rs 90 a piece in the morning trade on Monday, as aggrieved customers flooded social media platforms again with a myriad of issues with its flagship electric two-wheeler.
-
"Worst EV": Frustrated Bengaluru Woman Uses Placard Urging Public To Avoid Ola Electric Scooter
Ms Gowri shared a photo of her scooter with a sign that read, "Dear Kannadigas, Ola is a useless two-wheeler. Please do not buy an Ola Electric scooter."
-
"Raised Hand To Slap": Gurugram Woman On Harrowing Experience With Ola Driver
"The driver became increasingly aggressive, speaking in Haryanvi and even making threats," she wrote on LinkedIn.
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"Didn't Even Know How To Ride Bicycle": Inspiring Story Of Ahmedabad Female Cab Driver Wins Hearts
A Facebook user recently shared an inspiring story of a female cab driver in Ahmedabad. In his post, the user, Ojas Desai shared that he was in Ahmedabad when he booked an Ola cab and a female cab driver arrived to pick him up.
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Ola Electric Shares Surge on Debut as Investors Bet on Increasing EV Adoption
Ola Electric's shares surged on Friday as the company's investors bet on increasing adoption of EVs in the country. Ola Electric's $734 million IPO is India's biggest so far in 2024 and with a 39% market share as of July, Ola Electric dominates sales of electric scooters in India, having launched its first model just three years ago.
