Ola Electric announced plans for a four-fold expansion of its company-owned store network to 4,000 by 20 December 2024. With over 3,200 new stores set to open, Ola Electric will operate India's largest EV distribution network, covering all the country's pin codes. It is one of the world's most significant expansions of the EV footprint bolstering access, growth and adoption in the country. All the newly launched stores will be co-located with service facilities, strengthening the company's service network all across the country. Regarding the expansion, Bhavish Aggarwal, Chairman & Managing Director of Ola Electric, said: While India is swiftly moving towards electric mobility, Ola Electric's massive network expansion will be a pivotal moment in the country's journey towards #EndICEAge. With our wide D2C network and the touchpoints under our Network Partner Programme, we will cover the entire country beyond tier-I and tier-2 cities. It will enable our best-in-class product offerings to democratise electric mobility, adding buoyancy to t domestic EV economy.Powered by Capital Market - Live

The benchmarks indices traded with moderate gains in mid-afternoon trade. The Nifty traded above the 24,300 level. Metal shares extended gains for the fourth consecutive trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex, was up 328.93 points or 0.42% to 80,341.46. The Nifty 50 index rose 107.75 points or 0.45% to 24,302.30. In the broader market, the S&P BSE Mid-Cap index rose 0.26% and the S&P BSE Small-Cap index added 0.98%. The market breadth was strong. On the BSE, 2,489 shares rose and 1,369 shares fell. A total of 136 shares were unchanged. Buzzing Index: The Nifty Metal index rose 0.79% to 8,987.50. The index added 3.09% in four consecutive trading sessions. Adani Enterprises (up 10.73%), Hindustan Zinc (up 0.8%), JSW Steel (up 0.49%), Steel Authority of India (up 0.46%), Welspun Corp (up 0.34%), APL Apollo Tubes (up 0.32%), NMDC (up 0.26%), Jindal Stainless (up 0.21%) added. On the other hand, National Aluminium Company (down 1.56%), Ratnamani Metals & Tubes (down 0.93%) and Hindustan Copper (down 0.84%) moved lower. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.58% to 6.935 as compared with the previous close of 6.941. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 84.4025, compared with its close of 84.2950 during the previous trading session. MCX Gold futures for the 5 December 2024 settlement added 0.91% to Rs 75,898. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.56% to 106.42. The United States 10-year bond yield declined 0.84% to 4.269. In the commodities market, Brent crude for November 2024 settlement added 21 cents or 0.29% to $73.02 a barrel. Stocks in Spotlight: Ola Electric Mobility zoomed 19.52% after the company launched its most affordable electric scooters, S1 Z and Gig range, priced from Rs 39,000. Bajaj Steel Industries rose 0.36%. The company said that it has successfully commenced commercial operation at its new plant at Nagpur for pre-engineered/pre-fabricated steel buildings (infrastructure division). Powered by Capital Market - Live

Ola Electric, India's largest electric vehicle (EV) company, has launched its new Gig and S1 Z range of electric scooters. Ola Gig, Ola Gig+, Ola S1 Z, and Ola S1 Z+ are priced at Rs 39,999, Rs 49,999, Rs 59,999, and Rs 64,999, respectively, and are designed for both personal and commercial use. The Gig range offers two models: the standard Gig and the Gig+. Both scooters feature removable batteries, making them suitable for gig workers and those in rural or semi-urban areas with limited charging infrastructure. The S1 Z range includes the S1 Z and S1 Z+, which are designed for personal use. Both models offer a range of features, including removable batteries, fast charging, and advanced connectivity. Ola Electric aims to further democratize electric mobility with these new offerings, expanding its reach to a wider range of customers. The reservations for both the Gig and S1 Z series are open at Rs 499 starting today. The company plans to begin deliveries of the Gig and S1 Z series in April 2025 and May 2025, respectively. Ola Electric is a leading Indian EV manufacturer focused on vertical integration, overseeing the entire production process from battery cells to final vehicles. Its Futurefactory in Tamil Nadu is a key production hub, supported by global R&D efforts and the Battery Innovation Centre in Bengaluru. Ola's direct-to-customer sales model, with a vast network of physical and online stores, ensures wide accessibility and a seamless customer experience. Ola Electric Mobility reported net loss of Rs 495 crore in Q2 FY25 as against net loss of Rs 524 crore in Q2 FY24. Revenue from operations jumped 38.39% to Rs 1,240 crore in Q2 FY25 as compared with Rs 896 crore in Q2 FY24. The company reported negative EBITDA of Rs 353 crore for the quarter ended 30 September 2024, which is lower as compared with negative EBITDA of Rs 412 crore posted in corresponding quarter last year. Powered by Capital Market - Live

Ola Electric has announced the launch of its Gig and S1 Z range of scooters, designed to unlock the full potential of electric mobility for the masses. The new range of scooters comprises Ola Gig, Ola Gig+, Ola S1 Z, and Ola S1 Z+ available at an introductory pricing of Rs 39,999 (ex-showroom), Rs 49,999 (ex-showroom), Rs 59,999 (ex-showroom), and Rs 64,999 (ex-showroom), respectively. The reservations for both the Gig and S1 Z series are open at just Rs 499 starting today. The new range of scooters offers durable, reliable, affordable, and flexible solutions, including removable batteries, fulfilling personal and commercial use cases of rural, semi-urban, and urban customers. With the new range of products, coupled with the existing portfolio, Ola Electric aims to further revolutionise access to EVs with a wide range of affordable offerings across categories, catering broad spectrum of customers, thereby democratising electric mobility for all. Deliveries of the Ola Gig and Ola S1 Z series will begin starting April 2025, and May 2025, respectively. Powered by Capital Market - Live

Revenue from operations jumped 39.06% to Rs 1,214 crore in Q2 FY25 as compared with Rs 873 crore in Q2 FY24. The firm reported loss before exceptional items and tax of Rs 495 crore during the quarter as compared with loss before exceptional items and tax of Rs 524 crore posed in corresponding quarter last year. EBITDA losses for the quarter stood at Rs 223 crore, which is higher compared with Rs 321 crore EBITDA loss reported in the last year period. The company posted adjusted gross margin of Rs 74 crore for the quarter ended 30th September 2024. The company posted a gross margin of 20.3% in Q2FY25 which saw an increase of 12 pp (Y-o-Y). As per the company's filings, it delivered 98,619 escooters in the quarter under review as against 1.25 lakh units of EVs delivered in the previous quarter. However, escooter deliveries shot up by more than 73.6% on a year-on-year (YoY) basis. The company said it sold over 50,000 units during the month, capturing a 30% share of the electric two-wheeler market recovering from its fall to a 28% market share in September. With a portfolio of six models priced between Rs 75,000 and Rs 1,50,000, the company is now focusing on expanding into other 2W and 3W categories. Over the next two years, it plans to launch 20 new products, with the target of unveiling at least one new product every quarter. Additionally, the company plans to double down on its network of company-owned stores (and co-located service infrastructure), aiming to reach 2,000 stores by March 2025. As of September 2024, it currently operates 782 company-owned stores. At its annual 'Sankalp' event in August 2024, the company announced the launch of its Roadster motorcycle series, with the first product to be delivered in March 2025. The products are priced to capture the entire spectrum of mass and premium motorcycles ranging from Rs 74,999 to Rs 249,999 across 3 models and 8 variants. The counter entered into the stock market on 9 August 2024, the scrip listed at Rs 75.99, exhibiting a marginal discount to the issue price of Rs 76. Ola Electric Mobility is a leading electric vehicle (EV) manufacturer in India, specializing in the vertical integration of technology and manufacturing for EVs and their components, including battery cells. Shares of Ola Electric Mobility fell 2.47% to Rs 72.74 on Friday, 8 November 2024. Powered by Capital Market - Live

Net Loss of Ola Electric Mobility reported to Rs 495.00 crore in the quarter ended September 2024 as against net loss of Rs 524.00 crore during the previous quarter ended September 2023. Sales rose 39.06% to Rs 1214.00 crore in the quarter ended September 2024 as against Rs 873.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1214.00873.00 39 OPM %-31.22-49.83 - PBDT-363.00-432.00 16 PBT-495.00-524.00 6 NP-495.00-524.00 6 Powered by Capital Market - Live

Ola Electric Mobility will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live

Ola Electric announced the launch of the groundbreaking Ola Digital Twin platform to transform manufacturing processes and product development lifecycle. Developed on the NVIDIA Omniverse, the Ola Digital Twin platform seamlessly integrates Krutrim AI and NVIDIA technologies along with other advanced simulation tools and IoT platforms to create comprehensive digital twin environments that fast-track the planning of Ola Electric's manufacturing facilities and optimise equipment layouts, product development lifecycles, and the building of computer vision-based quality-inspection systems. The platform also leverages physically accurate simulations and generative AI for tasks ranging from kinematics simulations to generating synthetic image data for training autonomous mobile robots (AMRs) and robotic arms. By integrating NVIDIA Omniverse ' a platform of application programming interfaces (APIs), software development kits and services that enable developers to harness Universal Scene Description (OpenUSD) for physical AI ' as well as NVIDIA Isaac Sim ' a reference simulation platform built on Omniverse for designing and testing robots ' Ola Electric has achieved over 20% faster time to market from design to commissioning, for manufacturing operations at its Futurefactory. Ola Electric has also leveraged Ola Digital Twin in its autonomous robotic weld lines at the Futurefactory, to simulate the welding processes and quality inspection systems. This enables virtual deployment and testing of changes before implementing them in the physical world. Developers at Ola use Ola Digital Twin's generative AI capabilities and NVIDIA Omniverse APIs to generate synthetic assets, including lighting, environmental scenes, objects and defects, which help accelerate perception AI model training from months to weeks, while accounting for scenarios otherwise impossible to safely replicate in the real world. The platform also features thermal simulation capabilities for building next-generation OLA Krutrim data centers and liquid-cooling infrastructure. n addition to this, Ola Consumer is using NVIDIA Isaac Sim to train its robot pick-and-place applications for complex stock-keeping units in its automated dark stores. The robots are trained in virtual simulations to handle complex operations in a dynamic, automated environment autonomously.  Powered by Capital Market - Live

Ola Electric has kickstarted the festive season on a strong note and cemented its market leadership further in the EV 2W segment. According to the Vahan portal, the company has recorded over 15,672 registrations this month (as on October 14) with an impressive market share of 34 percent on the back of its wide S1 portfolio of scooters and the rapidly expanding service network. The company aims to continue the momentum for the rest of the festive season leading up to Diwali, spearheading India's transition towards electric mobility in the 2W segment. With a clear vision to deepen EV penetration in tier-2 and tier-3 cities and enhance the after-sales and ownership experience, Ola Electric announced a series of initiatives in the past few weeks. The company kickstarted #HyperService campaign with a focus on delivering a technology-led, best-in-class after-sales experience. As part of the campaign, the company will double its company-owned service network to 1,000 centres by December 2024. Additionally, as part of its Network Partner Program, the company will onboard 10,000 partners across sales and service by the end of 2025. The company also announced its EV Service Training Program with the aim of training 1 lakh third-party mechanics to make every mechanic EV-ready across India. Ola Electric offers an expansive S1 portfolio with six offerings across attractive price points catering to customers with different range requirements. While the premium offerings S1 Pro and S1 Air are priced at Rs 1,34,999 and Rs 1,07,499, respectively, the mass market offerings include S1 X portfolio (2 kWh, 3 kWh, and 4 kWh) priced at Rs 74,999, Rs 87,999, and Rs 101,999, respectively. At its annual 'Sankalp' event in August 2024, the company announced the launch of its Roadster motorcycle series, comprising Roadster X (2.5 kWh, 3.5 kWh, 4.5 kWh), Roadster (3.5 kWh, 4.5 kWh, 6 kWh), and Roadster Pro (8 kWh, 16 kWh). The motorcycles offer many segment-first technology and performance features, with their prices starting from Rs 74,999, Rs 1,04,999, and Rs 1,99,999, respectively.Powered by Capital Market - Live

The key equity indices traded with minor gains in early trade. The Nifty traded above the 24,800 level. Media, bank and financial services shares advanced while metal, IT and auto stocks declined. At 09:28 IST, the barometer index, the S&P BSE Sensex rose 112.26 points or 0.14% to 81,162.26. The Nifty 50 index added 19.80 points or 0.08% to 24,815.55. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.22% and the S&P BSE Small-Cap index shed 0.03%. The market breadth was positive. On the BSE, 1,718 shares rose and 1,309 shares fell. A total of 116 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 8,293.41 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 13,245.12 crore in the Indian equity market on 7 October 2024, provisional data showed. Stocks in Spotlight: Ola Electric Mobility added 1.50%. The company has been served a notice by Central Consumer Protection Authority for alleged violation of consumer rights, misleading advertisement and unfair trade practices. Tata Motors declined 2.87% after the company reported JLR retail sales stood at 103,000 units in Q2 FY25, a decline of 3% YoY. Production was recorded at 86,000 units in Q2 FY25, down 7% from the previous year, primarily due to disruptions in aluminium supply reported in first quarter. Wholesales also decreased totaling 87,303 units, 10% YoY drop. Despite these challenges, production and wholesale volumes are expected to recover strongly in the Q2 FY25. Sobha slipped 2.76%. The company sold a new area of 0.93 million square feet (Sq.ft), generating a sales value of Rs 1,179 crore, with average price realisation of Rs 12,674 per Sq.ft during the second quarter of FY25. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.37% to 6.941 as compared with previous close 6.967. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.9450, compared with its close of 83.0000 during the previous trading session. MCX Gold futures for 4 December 2024 settlement fell 0.20% to Rs 75,892. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.13% to 102.40. The United States 10-year bond yield declined 0.63% to 4.006. In the commodities market, Brent crude for December 2024 settlement lost $1.28 or 1.58% to $79.65 a barrel. Global Markets: Most Asian shares tumbled on Tuesday. However, Chinese stocks surged as trading resumed after a week-long break, buoyed by recent stimulus measures from Beijing. Officials are scheduled to provide further details on these measures later today. In contrast, other Asian indices followed Wall Street's downward trend. U.S. stocks fell sharply on Monday as investors anticipated a smaller rate cut from the Federal Reserve due to a stronger-than-expected U.S. jobs report. The major U.S. indexes suffered significant losses on Monday. The Dow Jones Industrial Average fell 0.94%, the S&P 500 dropped 0.96%, and the NASDAQ Composite lost 1.18%. Fears of an escalating Middle East conflict also dampened risk appetite. Meanwhile, the impending landfall of Hurricane Milton, following on the heels of Hurricane Helene, added further anxiety. US tech stocks witnessed a sharp decline. Google's parent company, Alphabet Inc., faced pressure after being ordered to restructure its Android app store. Additionally, negative analyst comments on Amazon and Apple triggered selling in these tech giants. The release of the minutes from the September Federal Reserve meeting, scheduled for Wednesday, will be closely monitored. These minutes will offer insights into the Fed's future rate cut strategy. Thursday's consumer price index data is another key event. Investors will be looking for signs of persistent inflation, which could influence the Fed's monetary policy decisions.Powered by Capital Market - Live