Ola Electric

Ola Electric Becomes The 1st Two Wheeler To Receive Incentive Of Rs 73.7 Cr Under PIL Scheme

Ola Electric - an Indian mobility manufacturing company started in 2017 by Bhavish Aggarwal, has become the first electric two-wheeler manufacturer in India to receive an incentive of Rs 73. 7 cr under the government's Production Linked Incentive (PLI) Scheme for Automotive and Auto Components (PLI-Auto Scheme). Boosting Domestic EV Manufacturing...

Ola Electric Said To Cut Over A Thousand Jobs To Stem Losses

Ola Electric Mobility Ltd. is set to lay off more than 1,000 employees and automate several operations as part of a restructuring effort aimed at reducing costs. This decision comes as the company faces growing losses and a decline in market share, signaling a major shift for one of India’s...