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BENGALURU: Ola Electric Mobility reported revenue of Rs 504 crore for the Dec quarter, down 57% year-on-year from Rs 1,172 crore and 33% from Rs 756 crore in the Sept quarter. The company reported a loss of Rs 487 crore, narrower than the Rs 564 crore loss a year earlier but wider than the Rs…
Bengaluru: Ola Electric said it will cut about 5% of its workforce as part of a broader business turnaround and structural transformation focused on automation and service-led execution. The company had around 3,500 employees before the layoffs, according to a person familiar with the matter who spoke on condition of anonymity.The latest decision, affecting about…
Rohit Shetty has added a ₹4.57 crore GMC Hummer EV to his luxury car collection. Known for his high-octane action films, the powerful SUV fits his style perfectly. His lineup already includes a Mustang, Range Rover, AMG G63, and Urus. He’s currently filming a project inspired by Rakesh Maria’s life. Bollywood filmmaker Rohit Shetty is…
BENGALURU: Ola Electric on Monday announced the appointment of Deepak Rastogi as its chief financial officer, effective Tuesday, after incumbent CFO Harish Abichandani stepped down citing personal reasons, according to stock exchange filings. The company’s stock fell 4% on Monday. TNN Source link
BENGALURU: Ola Electric Mobility on Monday said it has appointed Deepak Rastogi as its chief financial officer, effective January 20, after incumbent CFO Harish Abichandani resigned from the role citing personal reasons, according to exchange filings.In a disclosure to stock exchanges, the company said its board approved Rastogi’s appointment at a meeting held on January…
Mahindra and Mahindra recently launched the new Mahindra XUV 3XO electric SUV in the Indian market. Bookings are expected to begin soon, and deliveries are scheduled to commence on February 23, 2026. The 3XO electric is based on the ICE-powered 3XO and carries forward the battery pack and electric motor from the XUV400. In doing…
Image: Instagram/Aaryaa_ji A Porsche Taycan electric sports car has been reduced to ashes following a fire incident in India, with images and videos of the burnt vehicle now doing the rounds on social media. The exact reason behind the fire remains unclear, as no official statement has yet been issued, with the incident attracting widespread…
Source: National Geographic Few natural wonders are as breathtakingly surreal as the electric blue flames dancing across Indonesia’s Kawah Ijen volcano. Unlike the familiar red-orange glow of molten lava, this volcano gives off an electric blue illumination at night that attracts photographers, travellers, and scientists worldwide. This phenomenon is not a result of lava itself…
BENGALURU: Masayoshi Son-led SoftBank Group pared its holding in Ola Electric Mobility to 13.5% from 15.6%, in what appears like a staggered exit from the electric 2-wheeler maker that was once among its marquee India bets. SVF II Ostrich (DE), a SoftBank affiliate and Ola Electric’s second-largest shareholder after founder Bhavish Aggarwal, sold 9.4 crore…
General Motors reported a dip in fourth-quarter US auto sales Monday, reflecting a sharp decline in electric vehicle transactions amid a broader slowing car market.But the US auto giant also achieved an annual sales increase, pointing to growth in pickups and crossovers sales as evidence of resonance with consumers despite offering lower incentives than the…
