Latest news with #OlaElectricMobilityLtd
Business Standard
15-07-2025
- Business
- Business Standard
Jaiprakash Power Ventures Ltd leads losers in 'A' group
Tejas Networks Ltd, Ola Electric Mobility Ltd, Inox Wind Ltd and Five-Star Business Finance Ltd are among the other losers in the BSE's 'A' group today, 15 July 2025. Tejas Networks Ltd, Ola Electric Mobility Ltd, Inox Wind Ltd and Five-Star Business Finance Ltd are among the other losers in the BSE's 'A' group today, 15 July 2025. Jaiprakash Power Ventures Ltd crashed 7.57% to Rs 25.16 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 399.67 lakh shares were traded on the counter so far as against the average daily volumes of 270.17 lakh shares in the past one month. Tejas Networks Ltd tumbled 6.50% to Rs 653.95. The stock was the second biggest loser in 'A' the BSE, 8.2 lakh shares were traded on the counter so far as against the average daily volumes of 93417 shares in the past one month. Ola Electric Mobility Ltd lost 4.71% to Rs 44.91. The stock was the third biggest loser in 'A' the BSE, 570.71 lakh shares were traded on the counter so far as against the average daily volumes of 89.29 lakh shares in the past one month. Inox Wind Ltd fell 4.71% to Rs 168.05. The stock was the fourth biggest loser in 'A' the BSE, 3.18 lakh shares were traded on the counter so far as against the average daily volumes of 3.81 lakh shares in the past one month. Five-Star Business Finance Ltd plummeted 4.69% to Rs 743.5. The stock was the fifth biggest loser in 'A' the BSE, 32038 shares were traded on the counter so far as against the average daily volumes of 19411 shares in the past one month.
Mint
15-07-2025
- Automotive
- Mint
Ola Electric's profit push has been ignited. Now, volumes have to follow
Ola Electric Mobility Ltd's stock jumped 14% in the past two days after its June quarter (Q1FY26) results showed the clearest signs yet of operating discipline. Ola's auto business was Ebitda positive in June helped by stronger volumes, tighter cost control, and early gains from its vertically integrated setup. Q1FY26 consolidated revenues rose 35.5% sequentially to ₹828 crore, while deliveries climbed 32.7%. Gross margin rose to 25.8% in Q1FY26 from 13.8% in Q4FY25, leading to an improvement in Ebitda margin to negative 29% from negative 114% in the same period. Ola expects profitability to sustain and has guided for above 5% FY26 auto segment Ebitda margin after posting negative 11.6% margin in Q1FY26. FY26 vehicle deliveries are pegged at 3.25 lakh–3.75 lakh units, which could be a tall order. Kotak Institutional Equities is baking in 3.10 lakh units in FY26. Ola projects its gross margin to rise further to 35–40% as PLI-linked savings from its Gen-3 scooters kick in. It should be noted that Ola's Q1FY26 volumes declined 46% year-on-year despite the electric vehicle (EV) industry's two-wheeler volumes growing 7%. Kotak has cut its FY26-FY28volume assumptions to the tune of 12-16%, given lower growth assumptions for the EV two-wheeler industry and sustained below expected volume offtake performance. 'An increase in competitive intensity will continue to weigh on the company's market share," said Kotak in a report on 14 July. Moreover, execution risks persist. Ola's motorcycle rollout is still in early stages, with Roadster X in 200 stores and a national launch due by Navratri. While the initial response is positive, scale and further demand are untested. The company plans to launch a new product every quarter over the next two years. Ola plans to spend ₹300 crore over the remaining nine months of FY26, with ₹400–500 crore in free cash flow required to fund the auto business. It expects the auto segment to turn FCF-positive by FY26's end. For its cell business, Ola will invest around ₹1,000 crore to build a 5 GWh facility, which it expects to break even by FY27. Engineering bets continue as Ola's rare-earth-free motors are set to enter production in Q3FY26, with dual-sourced magnets added to reduce supply chain risk. For now, Ola's numbers suggest a turning point. But for this rally to evolve into a rerating, the company will need to show consistency on volumes, margins, and Securities and Capital Markets (India)analysts maintained their 'hold' rating and reckon the current valuation reflects all improvements.
Mint
14-07-2025
- Automotive
- Mint
Ola Electric puts cell PLI timeline on backburner amid profitability push
Ola Electric Mobility Ltd has said that it will not meet the timelines set by the government to get incentives under the production-linked incentive scheme as it doesn't believe it needs to build beyond 5GWh capacity for its cell manufacturing plant until financial year 2029. The delay in expanding beyond 5GWh capacity comes as the firm pivots to a more profitability-centric approach than looking at aggressive penetration after reporting a 50% year-on-year drop in revenue to ₹ 828 crore and a surge in losses to ₹ 428 crore in the April-June period. However, the company achieved operational profitability in June for its automobile business, which led to an 18% jump in its stock price. During Ola Electric's quarterly earnings call on Monday, managing director and chief executive officer (CEO) Bhavish Aggarwal said that the company will incur a maximum ₹ 100 crore penalty for not meeting PLI targets and doesn't believe that PLI incentives are needed to have a profitable business case for the cell plant. After 5GWh capacity is operationalized and the cell business becomes stable, the company will look to enter the battery storage business and sell the in-house 4680 cells to other companies. Moreover, the company will also look at relevant export markets for its product. 'We are in touch with the government to relook the timelines,' Aggarwal said in the post-results earnings call. In 2022, Ola signed an MoU with the government to build 20GWh capacity, with ₹ 225 crore investment per gigawatt hour in the first two years itself. Moreover, the company will also look to redeploy ₹ 1,227 crore raised as part of its initial public offering in August 2024, which was initially meant to expand 5GWh capacity to 6.4 GWh by April 2025. However, Aggarwal insisted that the cell remains an important pillar in the long-term strategy of the company. 'We should be seen as a vertically integrated cell company with a large anchor client…The rare earth situation shows how important it is to have this capacity,' he said. This comes four months after Ola Cell Technologies, Reliance New Energy Battery Storage and Rajesh Exports received a government notice for missing the deadlines for operationalizing their battery plants within the agreed time frame. In response, the companies are said to have requested for a relaxation in timeline for the scheme, but there is no clarity from the government yet whether the firms will receive any relaxation. In an interview with Mint, Union heavy industries minister H.D. Kumaraswamy had earlier said battery makers in the country faced challenges in meeting timelines under the production-linked incentive scheme for advanced chemical cells (PLI-ACC) due to unavailability of technology, skilled manpower and upstream components, besides challenges in importing essential equipment and machinery. The company suggests that its focus in the upcoming quarters will be on profitable growth, led by improvement in margins. In the first quarter of this fiscal year, the Ebitda margin of the company's auto business improved to -11.6% from -90.6% in the previous quarter. However, in the same quarter last year, its margins were higher at -6.8%. The company managed to cross its guidance of 65,000 sales in the first quarter as it recorded 68,192 scooter and bike sales during the quarter. For the full financial year, the company expects 3,25,000-3,75,000 vehicle sales and ₹ 4,200-4,700 crore revenue. In FY25, it recorded 344,000 sales and ₹ 4,514 crore revenue. 'In sync with this industry dynamic, we've made a pivot to our strategy over the last two quarters from aggressive penetration to balanced profitable growth,' Ola Electric said in a letter to shareholders. 'Our goal in this phase is to consolidate and institutionalize our operations, improve our margins and get ready for the next phase of growth driven by our expanding product portfolio, improving distribution and engaging the next set of customers entering the industry.' The company is not going to undertake any major growth capital expenditures for its automotive business in the current financial year. The company has also given an estimate of how much cell capacity will be needed to meet captive demand of vehicles going forward. 'For reference, if the battery capacity per vehicle is 4kWh, then 1.4 GWh is 3,00,000 annual vehicles and 5 GWh is 12,00,000 annual vehicles,' the company said in the letter. 'Given that the EV market has evolved slower in recent quarters, we don't foresee the need to expand beyond 5 GWh till FY29.' Aggarwal told investors that for the cell business, the capacity at which it will achieve breakeven point will be 3.5-4 GWh.
Business Standard
14-07-2025
- Business
- Business Standard
Volumes soar at Neuland Laboratories Ltd counter
Neuland Laboratories Ltd clocked volume of 8.19 lakh shares by 14:14 IST on NSE, a 13.83 times surge over two-week average daily volume of 59191 shares Ola Electric Mobility Ltd, Anand Rathi Wealth Ltd, Castrol India Ltd, Piramal Enterprises Ltd are among the other stocks to see a surge in volumes on NSE today, 14 July 2025. Neuland Laboratories Ltd clocked volume of 8.19 lakh shares by 14:14 IST on NSE, a 13.83 times surge over two-week average daily volume of 59191 shares. The stock gained 13.57% to Rs.13,970.00. Volumes stood at 74664 shares in the last session. Ola Electric Mobility Ltd witnessed volume of 4281.51 lakh shares by 14:14 IST on NSE, a 11.24 times surge over two-week average daily volume of 381.06 lakh shares. The stock increased 13.69% to Rs.45.25. Volumes stood at 286.32 lakh shares in the last session. Anand Rathi Wealth Ltd saw volume of 21.36 lakh shares by 14:14 IST on NSE, a 8.02 fold spurt over two-week average daily volume of 2.66 lakh shares. The stock increased 8.27% to Rs.2,394.70. Volumes stood at 17.1 lakh shares in the last session. Castrol India Ltd notched up volume of 225.99 lakh shares by 14:14 IST on NSE, a 7.74 fold spurt over two-week average daily volume of 29.18 lakh shares. The stock rose 1.91% to Rs.224.10. Volumes stood at 13.1 lakh shares in the last session. Piramal Enterprises Ltd witnessed volume of 40.33 lakh shares by 14:14 IST on NSE, a 6.27 times surge over two-week average daily volume of 6.44 lakh shares. The stock increased 5.10% to Rs.1,279.60. Volumes stood at 25.09 lakh shares in the last session.
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Business Standard
08-07-2025
- Automotive
- Business Standard
Ola Electric rolls out software update to boost performance in EV market
Ola Electric Mobility Ltd. rolled out the latest version of its proprietary operating system on Tuesday, as India's largest electric two-wheeler manufacturer seeks to gain an edge in the country's rapidly expanding EV market. The Bengaluru-based company said MoveOS 5 will improve the performance of its S1 scooters and new Roadster X motorcycles, delivering faster acceleration, better reliability, and an extended driving range. The software update represents part of Ola's strategy to leverage in-house technology to distinguish its products from a growing field of competitors, including Ather, Bajaj Auto, and TVS. The MoveOS 5 upgrade will be rolled out to all S1 and Roadster X vehicles via an OTA upgrade starting this week. 'This upgrade isn't just about new features, it fundamentally enhances the performance, reliability, and range of our vehicles,' said an Ola Electric spokesperson. 'With smarter energy management, real-time system monitoring, and more user control over ride settings, we're enabling our riders to get more out of every ride.' Ola Electric's latest MoveOS 5 upgrade delivers sharper performance on its Gen 3 platform, due to an optimized in-house Motor Control Unit that enhances range and responsiveness. The update also brings advanced battery management across all vehicle generations, improving battery health and energy recuperation through smarter regenerative braking—aimed at boosting efficiency and reliability. For instance, enhanced convenience features are aimed at customization and safety. A new DIY Mode lets riders tailor performance settings—top speed, power, throttle sensitivity, and regenerative braking—for a personalized experience. Road-Trip Mode streamlines group rides with real-time tracking, route planning, and SOS alerts. Here, admins can manage access and make live updates via Ola Maps. For tight maneuvers, Easy Park enables low-speed forward and reverse motion—capped at 4 km/h—using throttle control, improving ease and safety in confined spaces. The upgrade includes safety and security tools, including Live Location Sharing, which lets riders share their real-time location with up to five contacts via a secure link. Users can set a duration or stop sharing anytime through the vehicle HMI or app. SOS Alerts allow riders to pre-select emergency contacts and automatically send their live location in safety situations. The Find My Vehicle feature helps locate scooters in crowded or low-visibility areas by activating lights and sound through the app. The notification centre delivers alerts from select apps to the vehicle's HMI (human-machine interface), with options to show full messages, counts, or silence notifications. Ola's rival Ather Energy will host the third edition of its flagship Community Day event in late August 2025. The EV maker plans to unveil its new EL scooter platform, concept vehicles, next-gen fast chargers, and AtherStack 7.0 software. The EL platform, designed for versatility and cost-efficiency, will support a broader product lineup, while the upgraded charging solution aims to reduce charging times and boost convenience.
