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Anwin
Something is needed ... • 2m
Ola Roadster X delivery delayed again, now expected in May 2025. Originally planned for mid-March, then April, the timeline has shifted due to multiple setbacks. Reasons for the delay: Safety certification failed due to battery overheating in the 9.1 kWh variant. SEBI launched a probe after Ola counted 1,395 undelivered pre-orders as sales. Transport authorities questioned compliance with delivery and sales norms. Redesigns after launch to fix thermal issues slowed production. Supply chain disruptions and shutdown of 75 dealerships in Maharashtra added to the delays. Impact on stakeholders: Over 5,000 customer pre-orders are delayed; many are canceling. Ola’s stock dropped 5% after leadership exits. FY24 revenue fell by 21%, though EBITDA stayed positive. Competitors like TVS Motor are gaining market share as Ola faces setbacks.
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