Latest news with #RoadsterX
Hindustan Times
2 days 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
3 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
3 days ago
- Automotive
- Time of India
Ather Energy betters Q4 results where Ola Electric falters
Ola Electric experienced a significant downturn in the March quarter, with revenue declining by 62% to Rs 611 crore and losses doubling to Rs 870 crore, attributed to registration process issues. In contrast, Ather Energy reported a 29% increase in operating revenue to Rs 676.1 crore and narrowed its losses by 17%. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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 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 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 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 Electric had the lead in units sold 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 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 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.
India Today
3 days ago
- Automotive
- India Today
Ola Electric shares nosedive 10% after Q4 net loss. Should you buy, hold or sell?
Shares of Ola Electric Mobility nosedived as much as 10% in early trade on Friday, hitting a low of Rs 48.07 on the Bombay Stock Exchange (BSE), as the company's March quarter earnings triggered a wave of stock was trading around Rs 50.35, down 5.4% around 10:25 am, after the electric two-wheeler maker reported that its Q4 net loss more than doubled year-on-year to Rs 870 crore, from Rs 416 crore in the same period last market's reaction was in line with expectations, with investors spooked by a 62% drop in revenue, which fell to Rs 611 crore for Q4 FY25. Deliveries during the quarter also slumped to 51,375 units, compared to 1.15 lakh units a year earlier, highlighting weakening demand and execution issues flagged by the company itself. Operational metrics painted a grim picture. The company's auto EBITDA margin plunged to -78.6%, from -9.3% in Q4 FY24. On a consolidated basis, the EBITDA margin was -101.4%, impacted by high provisioning costs and low operating leverage. EBITDA losses widened to Rs 695 crore, more than double the Rs 312 crore loss in the same quarter last Ola Electric pointed to green shoots, including a slight uptick in gross margins to 19.2%, driven by better monetisation and the growing share of its newer Gen-3 platform vehicles. These scooters offer 20% more power and range while reducing costs by 11% compared to the older Gen-2 company also continues to place big bets on rural demand and product diversification. Ola recently launched the Roadster X, its first electric motorcycle — a category that is nearly double the size of the scooter market in India. With a range of 501 km and top speed of 125 km/h, the Roadster X is key to Ola's strategy of expanding its reach beyond urban centres. The company now boasts over 4,000 direct-to-customer (D2C) touchpoints, half of which are located in Tier-3 and rural the weak quarter, Ola is optimistic about Q1 FY26, projecting adjusted revenue of Rs 800–850 crore and a sharply reduced auto EBITDA margin of -10%. Management said it expects to break even at under 25,000 monthly unit sales, helped by better cost controls and rising of March-end, the company had a gross cash balance of around Rs 4,000 crore and is exploring non-dilutive debt of Rs 1,700 crore to support its on Ola's outlookThe dismal quarterly performance has triggered a mixed response from Institutional Equities has downgraded the stock to "sell" from "reduce" and slashed its target price to Rs 30, marking a steep 60% cut from the IPO issue price of Rs 76 and 80% below its post-listing high of Rs 157. Kotak cited execution concerns, weakening brand equity, and delayed motorcycle launches as key risks. It also lowered FY26–27 volume estimates by 32% to 34%, reflecting a slower ramp-up in both the broader EV two-wheeler industry and Ola's own product the brokerage did note that cost-cutting, the Gen-3 platform, and a likely reversal in warranty provisions could improve profitability from FY26 the other hand, Goldman Sachs remains bullish with a "buy" rating and a price target of Rs 70, though that too is below the IPO price. The firm is watching closely for progress on battery cell manufacturing, where current yield is at 63%. Ola plans to start using its own cells in its vehicles once the yield surpasses 80%.Meanwhile, market consensus remains cautious. According to Trendlyne, the average target price is Rs 67, indicating an upside of roughly 25% from current levels. Among the eight analysts tracking the stock, four have a 'buy' rating, two say 'hold,' and two recommend 'sell.'Buy, hold, or sell?Ola Electric's Q4 numbers have laid bare the challenges facing India's EV poster child, from falling volumes and margin pressures to delays in execution. While the company's aggressive bets on electric motorcycles and rural expansion could pay off, the near-term outlook is long-term investors willing to stomach the volatility, Ola's deep cash reserves, Gen-3 upgrades, and focus on cost efficiencies offer some hope. But for now, the Street remains divided, and the stock may continue to be a bumpy ride.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Time of India
3 days ago
- Automotive
- Time of India
Ola Electric shares plummet 10% after Q4 losses double to Rs 870 crore; revenue slips 62%
Ola Electric Mobility shares plummeted 9.7% to their intraday low of Rs 48.07 on the BSE in Friday's trade after the electric two-wheeler maker reported a sharp rise in losses for the March quarter, with net loss widening to Rs 870 crore from Rs 416 crore in the same period last year. Revenue from operations declined 62% year-on-year to Rs 611 crore. Vehicle deliveries dropped to 51,375 units in Q4 FY25 from 1.15 lakh units in Q4 FY24. Auto EBITDA margin plunged to -78.6% from -9.3% a year ago, while consolidated EBITDA margin stood at -101.4%, impacted by high provisioning costs and reduced operating leverage. Ola's gross margin improved marginally to 19.2% on the back of better monetisation and the growing share of Gen-3 platform vehicles, which offer 20% more power and range with 11% lower costs than Gen-2 scooters. Ola said there have been market share pressures in recent quarters due to execution challenges and slower-than-expected industry growth. For FY25, Ola Electric recorded total deliveries of 3.59 lakh units, up from 3.29 lakh in FY24. Full-year adjusted revenue came in at Rs 4,665 crore, with a consolidated EBITDA margin of -34.6%. To broaden adoption beyond urban areas, Ola launched the Roadster X -- the first EV motorcycle from a major OEM in India -- with a 501 km range and 125 km/h top speed. With motorcycles accounting for twice the scooter market, the company is betting big on rural demand, aided by a strong direct-to-customer (D2C) network spanning over 4,000 touchpoints, half of which are in Tier-3 or rural India. The company remains optimistic about its path to profitability, backed by operational upgrades, a shift to its Gen-3 platform, and entry into electric motorcycles. Despite the Q4 hit, Ola forecasts improved numbers in Q1 FY26, targeting Rs 800–850 crore in adjusted revenue and a reduced auto EBITDA margin of -10%. The company expects to break even at less than 25,000 unit sales per month, thanks to cost efficiencies and increased scale. The company's total gross cash stood at around Rs 4,000 crore at the end of Q4, and it is exploring non-dilutive debt of Rs 1,700 crore to meet obligations. Ola Electric share price target According to Trendlyne, the average target price for Ola Electric is Rs 67, suggesting an upside of nearly 25% from current levels. Of the seven analysts tracking the stock, the consensus rating is 'Hold'. While shares have declined 6% in the past three months, they are down 39% over the past six months. Ola Electric's current market capitalisation stands at Rs 23,483 crore.
