Back
Anwin
Something is needed ... • 4m
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.
Replies (3)
More like this
Recommendations from Medial
Shanu Chhetri
CS student | Tech En... • 5m
Apple Delays Smart Home Hub Launch Due to Siri Development Issues Apple’s highly anticipated smart home hub has been delayed, primarily due to setbacks in developing a more advanced version of Siri. According to Bloomberg's Mark Gurman, the upgraded
See More
ProgrammerKR
Founder & CEO of Pro... • 4m
Nintendo Switch 2 Announced with Upgraded Specs Nintendo officially launched the Nintendo Switch 2, featuring a 1080p HDR display, 256GB internal storage, improved battery life, and Joy-Con controllers that can be used as PC mice. The device release
See More
Account Deleted
Hey I am on Medial • 4m
What Went Wrong with Ola Electric? In 2021, Ola Electric positioned itself as the “Tesla of India.” With over 100,000 orders for the S1 Pro within 24 hours, Bhavish Aggarwal’s vision of a sleek, software-driven scooter ecosystem looked like the fut
See More
Swayam Chatterjee
Boring person • 1y
Why India's OG Electric Scooter Company is Failing? Founded in 2013 by Tarun and Swapnil, Ather initially aimed to build a battery company. However, they shifted their focus to creating electric vehicles due to existing EVs’ poor performance and de
See More
Anonymous
Hey I am on Medial • 1y
Don’t judge me but here’s an idea I have : The Management after a person’s death is a very tedious task and there should be a one stop solution for all the things like, death certificates, the funeral, flowers, the car that comes, closing all bank ac
See More
Mrityunjoy Saikia
Passionate About Bus... • 1y
I have thought of an idea. Many companies offer delivery services, such as Zomato and Swiggy. Their concept involves a delivery person picking up orders from restaurants and delivering them to the specified location.I want to make this concept more a
See More
Download the medial app to read full posts, comements and news.