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Ola Electric Stores See Raids, Seizures on Flouting India Rules

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Ola Electric Stores See Raids, Seizures on Flouting India Rules

Ola Electric Mobility Ltd.’s rapid expansion into brick-and-mortar showrooms is running into regulatory trouble. The Bengaluru-based electric scooter maker, once a champion of the digital-only sales model, recently scaled up to 4,000 physical locations since 2022. A Bloomberg news investigation has found that out of roughly 3,400 showrooms for which data is available, a little … Read more

Ola Electric Gets Government Notice for Missing Battery Plant Setup Target

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Ola Electric Gets Government Notice for Missing Battery Plant Setup Target

Indian electric two-wheeler maker Ola Electric received a letter from the federal government on Tuesday for missing a key milestone in the setup of its planned battery “gigafactory”. Ola was selected in 2022 for the government’s production-linked incentive (PLI) scheme to establish a 20 gigawatts (GW) local battery manufacturing facility in the southern state of Tamil Nadu. The 181-billion-rupee ($2.07 billion or roughly Rs. 18,019 crore) scheme required companies to set up … Read more