The company has introduced a trial of the service in Bangalore, followed by a phased deployment across India by June 2025.
Though two-wheeler sales remained subdued in February but electric models witnessed resilience in March. Bajaj, TVS, and Ola topped the charge.
The MoRTH has also raised concerns about the accuracy of Ola's claims of selling 25,000 scooters in February after only 8,652 scooters were actually registered
Ola Electric stated that the official issuing the notification was not authorized by the Act since he was not designated as a Director or Additional Director.
Ola Electric launched two new ranges of scooters: Gig series and S1 Z series, which are available in the price range of ₹39,999 and ₹64,999 respectively
Reservations for the two EVs have already been made by Ola. Delivery of the scooters would start in April 2025, Bhavish added.
This mistake may jeopardise the model's eligibility for government subsidies under the PM Electric DRIVE Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) plan.
Retail sales data from the Vahan portal for the period of September 1 to 29 show that Ola Electric sold 22,821 units, while Bajaj Auto sold 17,507 units
Ather Energy was an exception to the general decline, experiencing a 7% increase in sales with 10,830 units sold in August.
Here are some of the stocks that may see significant price movement today: Cyient DLM, PNB Housing Finance, GE T&D India, Genus Power, etc.
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