According to Ola Electric, out of the 10,644 customer complaints it has received thus far, 99.91% have been handled and resolved successfully. In a regulatory filing on September 21, 2024, the manufacturer of electric two-wheelers notified the Central Consumer Protection Authority (CCPA) of the latest developments on long-pending
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India witnessed a drastic change within a very short period recently. You can now order groceries from the internet, food that reaches your doorstep, and also reach the farthest corner of your city without pressing a gas pedal. OLA Cabs now Ola Consumer, co-founded by Bhavish Aggarwal has helped a
Leading player in the electric two-wheeler market, Ola Electric, managed by Bhavish Aggarwal, has engaged EY India to manage its "service transformation" in the face of growing customer complaints, falling sales, and worsening after-sales service issues. The decision was made in response to growing demand on the business
Following the Central Consumer Protection Authority's (CCPA) show-cause notice to the business on 7 September 2024, shares of newly listed Ola Electric Mobility dropped 6.17 percent in intraday trading to INR 85.21 on 8 September 2024. In an exchange filing, Ola said that the CCPA has
While Ola Electric, a manufacturer of battery-powered scooters, is struggling to deal with an increasing number of service complaints from consumers, the company has decided to form a new support team. As a result of the approximately 80,000 complaints that the Bengaluru-based company has been receiving each month, the
To participate in the Production Linked Incentive (PLI) programme for vehicles and auto parts, Ola Electric's S1 X escooter models (3 kWh and 4 kWh) have earned the domestic value addition certification (DVA). According to a media report, the business has announced that their escooters have achieved the
Ola Electric, headed by Bhavish Aggarwal, is speculated to conduct its highly anticipated initial public offering (IPO) as soon as the first two weeks of August. An Indian electric two-wheeler supported by Japanese investor Softbank is reportedly aiming to raise $740 million through a mix of a new offering and
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In recent years, India has witnessed a remarkable surge in startups achieving the prestigious "unicorn" status. These privately held startup companies, valued at over $1 billion, signify the vibrant growth of India's startup ecosystem. While the United States and China lead globally in the number of
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In a groundbreaking move, OLA Electric, the renowned electric vehicle (EV) manufacturer, is gearing up for its much-anticipated Initial Public Offering (IPO). This milestone event is poised to make history, representing the first IPO by an automaker in India in over two decades. The last instance dates back to 2003
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The world is evolving at a fast pace, right from climate change to pollution and everything in between — things are moving fast towards a more sustainable and economical future that is built upon the grounds of frugal innovation and so is India's push towards sustainable use of resources
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Ola is a Bengaluru-based ride-sharing company that only a few people are ignorant of. Ever since Ola cabs became operational in all the major cities throughout India, it has become our go-to option. Along with the US-based Uber, Ola is one of the most dominating ride-sharing companies that offers the
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The famous ride-hailing platform Ola has decided to shut down its used cars division, Ola Cars and its quick commerce business, Ola Dash. At a time when the quick commerce segment in India is expected to reach $5.5 billion by 2025, growing 15 times its current size, why did