Latest news with #OlaElectricMobilityLimited
Business Insider
01-06-2025
- Automotive
- Business Insider
Goldman Sachs Sticks to Its Buy Rating for Bajaj Auto Limited (BAJAJ.AUTO)
Goldman Sachs analyst Chandramouli Muthiah maintained a Buy rating on Bajaj Auto Limited ( – Research Report) on May 29 and set a price target of INR9,600.00. The company's shares closed last Friday at INR8,607.00. Confident Investing Starts Here: Muthiah covers the Consumer Cyclical sector, focusing on stocks such as Ola Electric Mobility Limited, Bajaj Auto Limited, and Hero Motocorp Limited. According to TipRanks, Muthiah has an average return of -2.3% and a 41.67% success rate on recommended stocks. In addition to Goldman Sachs, Bajaj Auto Limited also received a Buy from Investec's Aditya Jhawar in a report issued yesterday. However, on the same day, UBS maintained a Sell rating on Bajaj Auto Limited (NSE:
Economic Times
22-05-2025
- Automotive
- Economic Times
Ola Electric to raise Rs 1,700 crore in debt to navigate tough market conditions
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Bengaluru-based electric vehicle maker Ola Electric Mobility Limited has announced plans to raise Rs 1700 crore through debt instruments, as approved by its board on company aims to secure capital via term loans, working capital facilities, or the issuance of non-convertible debentures (NCDs) and other eligible securities, in one or more tranches, through private placements or other permissible methods under applicable fundraising initiative comes at a time when Ola Electric is navigating a challenging market environment. The company has experienced a decline in market share and stock value, prompting the need for additional capital to bolster its financial position and support strategic growth electric two wheeler maker lost its leadership position in the electric two-wheeler segment in April to TVS Motor . The company reported 19,709 vehicle registrations last month, down 42% year-on-year, resulting in a market share of 21.46%.The fundraise also comes as Aggarwal moves ahead with restructuring his group companies. As reported by ET earlier, the intellectual property rights for the Ola brand—currently housed under ANI Technologies—are being shifted to a new holding entity controlled by his family office. The move has faced opposition from some ANI Electric, which went public in August 2024, has faced increased regulatory scrutiny in recent months over issues such as sales discrepancies, vehicle quality concerns, and the absence of trade certificates at several retail locations. These factors have contributed to its shrinking market share and have underscored the importance of reinforcing its financial the October-December quarter, Ola Electric's net loss widened 50% YoY to Rs 564 crore, while operating revenue fell 19%. The company has yet to disclose its financial results for the fourth quarter of FY25.
Time of India
22-05-2025
- Automotive
- Time of India
Ola Electric to raise Rs 1,700 crore in debt to navigate tough market conditions
Bengaluru-based electric vehicle maker Ola Electric Mobility Limited has announced plans to raise Rs 1700 crore through debt instruments, as approved by its board on Thursday. The company aims to secure capital via term loans, working capital facilities, or the issuance of non-convertible debentures (NCDs) and other eligible securities, in one or more tranches, through private placements or other permissible methods under applicable laws. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Beyond Text Generation: An AI Tool That Helps You Write Better Grammarly Install Now Undo This fundraising initiative comes at a time when Ola Electric is navigating a challenging market environment. The company has experienced a decline in market share and stock value, prompting the need for additional capital to bolster its financial position and support strategic growth initiatives. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The electric two wheeler maker lost its leadership position in the electric two-wheeler segment in April to TVS Motor . The company reported 19,709 vehicle registrations last month, down 42% year-on-year, resulting in a market share of 21.46%. The fundraise also comes as Aggarwal moves ahead with restructuring his group companies. As reported by ET earlier, the intellectual property rights for the Ola brand—currently housed under ANI Technologies—are being shifted to a new holding entity controlled by his family office. The move has faced opposition from some ANI shareholders. Live Events Ola Electric, which went public in August 2024, has faced increased regulatory scrutiny in recent months over issues such as sales discrepancies, vehicle quality concerns, and the absence of trade certificates at several retail locations. These factors have contributed to its shrinking market share and have underscored the importance of reinforcing its financial foundation. In the October-December quarter, Ola Electric's net loss widened 50% YoY to Rs 564 crore, while operating revenue fell 19%. The company has yet to disclose its financial results for the fourth quarter of FY25.
