Latest news with #OlaElectric
Hindustan Times
a day ago
- Automotive
- Hindustan Times
Ola Roadster X offered with benefits worth ₹10,000 for the first 5,000 buyers
The Ola Roadster X is an electric motorbike recently launched in India. Check Offers Soon after starting the deliveries of the recently launched Ola Roadster X, the EV manufacturer has announced introductory benefits worth ₹ 10,000 on the electric two-wheeler. These offers however are limited, only available to the first 5,000 riders. Ola is offering three benefits under the offer including a free extended warranty for the battery, a free subscription to MoveOS+ and a free 'Essential Care' service with the two-wheeler. The 'Essential Care' service includes an 18-point inspection in which thorough checks for safety and performance will be made. It also includes comprehensive servicing coverage for brakes, tyres, axle and more as well as the guarantee of genuine parts and professional care. The Roadster X is being manufactured at Ola Electric's FutureFactory and potential customers can experience the electric motorcycle firsthand at their nearest authorised dealerships. Also Read : Ultraviolette Tesseract grabbed your attention? Consider Ola S1 Pro, Ather 450, Vida V2 Pro and River Indie too What are the features of the Ola Roadster X? Every version of the Ola Roadster X comes with a 4.3-inch LCD instrument panel offering features such as Bluetooth connectivity, turn-by-turn navigation, reverse mode, and cruise control. Additionally, all versions are equipped with brake-by-wire technology and a tire pressure monitoring system. What is the hardware of the Ola Roadster X? The Ola Roadster X is designed with a telescopic front fork and dual shock absorbers at the rear. It has an 18-inch front alloy wheel and a 17-inch rear alloy wheel, both featuring tubeless tires. The motorcycle boasts a ground clearance of 180 mm. What are the variants of the Ola Roadster X? The Ola Roadster X is offered in three distinct variants, each linked to different battery pack options. The available battery configurations for the Roadster X are 2.5 kWh, 3.5 kWh, and 4.5 kWh. Regardless of the chosen battery size, all variants utilize the same 7 kW mid-mounted motor. Also Read : Ola Electric working on six new electric two-wheelers, launch in post-Q2 FY26 What does the base variant of the Ola Roadster X offer? The base model of the Ola Roadster X is equipped with a 2.5 kWh battery pack, making it the most affordable option in the lineup, priced at ₹ 74,999 (introductory and ex-showroom). This variant provides a range of 140 kilometres on a full charge and can accelerate from 0 to 40 km/h in 3.4 seconds, reaching a top speed of 105 km/h. What does the mid-spec variant of the Ola Roadster X offer? The mid-range model features a 3.5 kWh battery pack and starts at an introductory ex-showroom price of ₹ 84,999. It offers an increased range of 196 kilometres on a full charge, surpassing the base model. With this upgraded battery, the motorcycle can accelerate from 0 to 40 km/h in just 3.1 seconds and attain a maximum speed of 118 km/h. What does the top-spec variant of the Ola Roadster X offer? The premium variant of the Ola Roadster X has a 4.5 kWh battery pack and is priced at ₹ 94,999 (introductory and ex-showroom). This model stands out with its highest battery capacity, providing a range of 252 kilometres on a single charge. It can also accelerate from 0 to 40 km/h in just 3.1 seconds and reach a maximum speed of 118 km/h, similar to that of the mid-range variant. Check out Upcoming EV Bikes in India. First Published Date: 31 May 2025, 11:00 AM IST
Economic Times
a day ago
- Automotive
- Economic Times
Ola Electric skids as widening losses dent sentiment
Live Events Agencies (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: Shares of electric two-wheeler maker Ola Electric Mobility declined 4.5% on Friday after the company's weak fourth quarter results, and a loss in market share disappointed investors. Kotak Institutional Equities downgraded the stock to 'Sell' and cut its price target to ₹30 from ₹50 earlier, implying a downside of 41% over Friday's closing price of ₹50.85."The past couple of quarters' performance has been marred by a weaker volume print and rising warranty provisions, which weighed on profitability," said the brokerage."With a deteriorating balance sheet, the company needs to scale up its volumes to reduce cash outflow."Ola's losses widened from ₹564 crore in the December quarter to ₹870 crore in March, while revenue from operations fell by 41.5% in this period."Ola Electric's fourth quarter results reflect a sharp deterioration in its key financial metrics, underscoring deep-rooted operational and strategic concerns," said Sagar Shetty, research analyst, StoxBox. "These challenges are further exacerbated by intensifying competition in the EV two-wheeler space, as legacy players aggressively scale up and consolidate market share."In May, TVS and Bajaj Auto have already crossed Ola in terms of electric two-wheeler sales, as per Vahan said the near-term outlook for the stock is clouded because "consumer confidence in the company appears to be undermined by ongoing concerns surrounding the company's sales reporting practices and consumer services issues".Ola Electric got listed in August last year. The IPO was priced at ₹76. The stock hit an all-time high of ₹157.4 soon after the Goldman Sachs remains bullish on the stock, with a 'Buy' rating, while cutting its price target from ₹75 to ₹70, implying 38% upside from here."We view the current valuation levels as attractive, given the pure-play EV exposure and high growth potential ahead," said the Goldman brokerage said catalysts for the stock include electric motorcycle launches, electric three-wheeler launches, improvement in cell production yields and PLI (production-linked incentive) certification on balance has cautioned investors against buying the stock for now and to wait for clear, sustained improvements in the company's financial performance in upcoming quarters.
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Business Standard
2 days ago
- Business
- Business Standard
Ola Electric shares dip over 4% after Q4 loss widens and revenue fall
Shares of Ola Electric on Friday ended over 4 per cent lower after the firm reported a consolidated net loss of Rs 870 crore in the fourth quarter ended March 31, 2025. The stock dropped 4.26 per cent to settle at Rs 50.97 on the BSE. During the day, it tanked 9.71 per cent to Rs 48.07. At the NSE, shares of the firm ended at Rs 50.85, down 4.48 per cent. During the day, it tumbled 9.72 per cent to Rs 48.06. Ola Electric on Thursday reported a consolidated net loss of Rs 870 crore in the fourth quarter ended March 2025, while noting that it is targeting profitability in the current fiscal. The company had reported a net loss of Rs 416 crore in the January-March quarter of 2023-24. The revenue from operations declined to Rs 611 crore compared to Rs 1,598 crore in the year-ago period, Ola Electric said in a regulatory filing. For FY25, the company reported a net loss of Rs 2,276 crore against Rs 1,584 crore in 2023-24. Its revenue from operations declined to Rs 4,514 crore against Rs 5,010 crore in FY24. Ola Electric said it is targeting profitability in FY26. "FY26 will be focused on scaling revenue and operating leverage as the company marches towards sustainable profitability," the company said. Ola Electric said that its gross margins improved by 38 per cent in FY25 while the first quarter of FY26 saw an improvement of 10 percentage points in gross margins over Q4 FY25. Scoda Tubes IPO booked 54x on last day Scoda Tubes' initial public offering (IPO), which concluded on Friday, garnered 54 times more demand than shares on offer. The qualified institutional buyers portion saw 70x subscription, high net worth individual portion 113 x and retail portion 19x. The ₹220 crore offering generated bids of over ₹8,800 crore. Scoda Tubes, a manufacturer of stainless-steel tubes and pipes, raised ₹220 crore in fresh capital through the IPO.
Economic Times
2 days ago
- Automotive
- Economic Times
Ather Energy betters Q4 results where Ola Electric falters
Agencies Ather 450S and the Ola S1 X+ The once industry leader, Ola Electric, reported a dismal March quarter, with a sizeable fall in its revenue and losses expanding twofold. In comparison, the recently listed Ather Energy posted a decent improvement in financials for the quarter. For the quarter ended March, the Bhavish Aggarwal-led electric scooter maker reported a 62% decline in sales to Rs 611 crore, a precursor to the decline in market share two months later. The EV maker saw its loss double to Rs 870 crore, from Rs 416 crore in the year-ago period. Ola Electric's financials were impacted by a one-time issue with the registration process, founder Bhavish Aggarwal on an earnings call. In February, Vahan data showed only 8,652 registrations for Ola Electric, while the company claimed sales of 25,000 units in its filings. The discrepancy was attributed to a temporary backlog caused by ongoing contract renegotiations with registration service providers Rosmerta and Shimnit India. The issues have been resolved in the current quarter, the CEO said. Ather, the only other listed pure-play electric two-wheeler manufacturer, reported a 29% increase in operating revenue to Rs 676.1 crore, up from Rs 523.4 crore in the same period last year. Its losses narrowed 17% year-on-year (YoY) to Rs 234.4 crore on the back of rising volumes and improved margins. Ola Electric had the lead in units sold during Q4 at 51,375 scooters, but Ather managed a close 47,411 units. While the former has started deliveries on its Roadster X motorcycles, Ather is working on developing its own line, funded by a part of its IPO proceeds. "The performance of the Roadster X will be the key... While Ola Electric reports strong interest and positive feedback from early customers... we believe the electric motorcycle performance will be critical for the company, as it will be addressing two-thirds of the two-wheeler market through rural penetration; we will wait and watch the performance in the coming quarters," brokerage Kotak Institutional Equities said. Ola Electric managed to reduce expenses by 31.6% to Rs 1,306 crore, largely due to a nearly Rs 1,000 crore cut in material costs. Ather, on the other hand, saw expenses rise 12.6% to Rs 922.2 crore from Rs 818.7 crore a year ago, mainly due to higher material costs, even as employee benefit expenses declined 29% to Rs 109.1 Ola S1 maker has guided for a better June quarter, though. 'If you look at our Q1 outlook, we are sharing a revenue forecast of about Rs 800-850 crore, about 65,000 deliveries and a gross margin of about 28–30%, which is much higher than Q4,' said Aggarwal in a post-earnings company will be careful with allocating capital and managing risk, Aggarwal had said. Also Read: Ola Electric to focus on capital discipline, risk management: CEO Bhavish Aggarwal after dismal Q4 earnings Ather is targeting profitability, going forward. 'I think (there are) very strong levers for operating leverage in the coming quarters, which will hopefully get us to profitability soon. For us, profitability could happen at a lower scale than some of the other peers, given our more capital-light and more capital-efficient approach on business overall,' cofounder Tarun Mehta had said.
Time of India
2 days ago
- Automotive
- Time of India
Ola Electric shares freefall; Nykaa Q4 profit doubles
Ola Electric shares freefall; Nykaa Q4 profit doubles Also in the letter: Ola Electric shares plummet 10% after Q4 losses double to Rs 870 crore; revenue slips 62% Financials: Operating revenue: Fell 61.8% year-on-year to Rs 611 crore, down from Rs 1,598 crore in the same quarter last year. Fell 61.8% year-on-year to Rs 611 crore, down from Rs 1,598 crore in the same quarter last year. Net loss: More than doubled to Rs 870 crore, compared to Rs 416 crore in Q4 of the previous fiscal. CEO speak: Market snap: It now trades well below its initial public offering (IPO) price of Rs 76, having lost over 40% of its value since its listing. The slide follows growing concerns over inflated sales claims, quality issues, and missing trade certificates across various retail outlets. Adding to the pressure, ET reported that Ola Electric has slipped to the third place in India's electric-two wheeler market in May, overtaken by legacy companies TVS Motor and Bajaj Auto. Rival watch: In Q4, Ather's revenue rose 29% to Rs 676.1 crore. Its losses narrowed 17% to Rs 234.4 crore amid rising volumes and improved margins. Nykaa Q4 profit doubles to Rs 19 crore; revenue up 24% Financials: Operating revenue (Q4): Rs 2,061.7 crore, up 27% from Rs 1,668 crore a year earlier. Rs 2,061.7 crore, up 27% from Rs 1,668 crore a year earlier. Net profit (Q4): Rs 19 crore, versus Rs 9 crore last year. Rs 19 crore, versus Rs 9 crore last year. Expenses (Q4): Rs 2,031 crore Rs 2,031 crore Revenue (FY25): Rs 7,950 crore, up 24% from FY24. Rs 7,950 crore, up 24% from FY24. Net profit (FY25): Rs 32 crore, up 105% Tell me more: Other highlights: GMV for Nykaa's core beauty vertical touched Rs 11,775 crore, growing 30% YoY. Sales from House of Nykaa nearly doubled over the past two years. Nykaa Fashion rebounded, with GMV up 18% YoY and revenue rising 19%. It launched a record number of global brands on its platforms, including Yves Saint Laurent and Armani Beauty. CEO's take: Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Full Stack by Samidha Sharma: Founders are going direct — but startup rivalry is nothing new What happened: Zepto cofounder Aadit Palicha went public this week with serious allegations, accusing the CFO of a rival consumer internet firm of trying to sabotage Zepto's funding round. In a detailed LinkedIn post, Palicha claimed the rival executive triggered investor calls, shared doctored Excel sheets, and fuelled a bot-driven social media backlash to undermine the company. Why it matters: The big picture: Rivalries between startups during fundraises are not new. What's changed is how they're playing out — not in whispers, but on public platforms. Tactics such as investor smear campaigns and selective data leaks have long been employed. The difference now? Samidha's take: Zerodha Capital's FY25 net profit rises 78%, focus on scaling up credit play More details: Financials: Zerodha Capital has a net worth of Rs 175 crore, with an average ticket size of Rs 6 lakh. The company has raised approximately Rs 250 crore from banks and other non-banking financial companies (NBFCs), with a debt-to-equity ratio of 1.4. Also Read: India may float paper on crypto assets norms in June Framing rules: Mandate so far: In FY23, the government imposed a 30% tax on gains from virtual digital assets. It later required crypto exchanges to register with the Financial Intelligence Unit. The RBI has repeatedly urged caution over the potential misuse of cryptocurrencies. Ola Electric shares plummeted on the bourses on Friday after reporting widened losses in the March quarter. This and more in today's ETtech Top 5.■ Full Stack by Samidha Sharma■ Zerodha Capital's FY25 report■ India's crypto planBhavish Aggarwal, CEO, Ola ElectricShares of Ola Electric tumbled 9.7% to an intraday low of Rs 48.07 on the BSE on Friday, after the company reported its weak Q4 results for FY25 — its worst quarterly performance since it began delivering electric scooters in the earnings call, Ola Electric founder Bhavish Aggarwal called the March quarter a period of 'important learning and introspection.' He said the company is now more cautious in how it allocates capital for new products, with a renewed focus on strengthening internal processes, particularly in customer service, regulatory compliance, and risk the stock recovered slightly by market close, ending Friday at Rs 50.97, it was still down 4.26% for the Ola, its listed rival Ather Energy saw an improvement over its financials this Nayar, CEO, NykaaFSN Ecommerce Ventures, the parent company of beauty etailer Nykaa, posted a sharp rise in profit for the March quarter, driven by stronger sales and improving company's gross merchandise value (GMV) rose 27% year-on-year (YoY) in the March quarter. Profitability continued to improve, with earnings before interest, taxes, depreciation and amortisation (Ebitda) margin expanding to 6.5%.'On a net revenue basis, the beauty business has grown at 25% YoY. This reflects a strong performance across all of the beauty verticals, which include ecommerce, physical retail, our house of brands, as well as E-B2B business, which provides further distribution to retailers,' CEO Falguni Nayar said in a post-earnings call on Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship post shows how narrative control is becoming part of the modern founder's playbook, especially in high-stakes sectors like quick are naming names in real time, shaping the narrative before the stories are even battle for capital among high-growth startups is as personal as it is financial. Palicha's move wasn't just a callout — it was a strategic attempt to control the narrative before it turned on him. However, Indian founders would do better to focus on building durable businesses, rather than engaging in personal communication Capital, the non-banking finance arm of stockbroking firm Zerodha, reported a net profit of Rs 12.5 crore and revenue of Rs 36 crore for the financial year ended March more than doubled from Rs 17 crore in FY2024, while net profit rose 78% from Rs 7.2 crore. The company primarily offers credit products such as loans against securities, with stocks, exchange-traded funds (ETFs) and mutual funds accepted as collateral.'We have a bouquet of around 1,300 securities, and we offer loans to investors who have those securities,' said Abhilash SR, head, Zerodha government may release a discussion paper in June outlining policy framework options for crypto assets, amid growing mainstream acceptance of virtual paper will draw on the synthesis document prepared by the International Monetary Fund (IMF) and the Financial Stability Board (FSB), sources told us, adding that it is currently under assets have gained popularity in part due to US President Donald Trump's strong support for digital position on cryptocurrencies remains ambiguous.
