Ola Electric share price: The stock of two-wheeler EV manufacturer Ola Electric tumbled as much as 9.7% in intraday deals to slip below the âš50 mark following widening of losses in the March quarter of the financial year 2024-25. According to analysts at Kotak Institutional Equities, Â Ola Electric shares could tumble to as low as…
Down south, the Murugappa Groupâs Tube Investments of India Ltd had entered the electric vehicle (EV) segment back in 2008 with a scooter brand, but exited quickly in the face of poor demand. Eyeing the electric three-wheeler segment, the Chennai-headquartered finance-to-fertilizers conglomerate entered the market again in 2022 through TI Clean Mobility Pvt. Ltd. The…
Royal Enfield, maker of the iconic Bullet motorcycles, needed 15 years to grow its share of Indiaâs two-wheeler market from negligible to 5%. Electric two-wheeler makers in India achieved that in 4 years. These two journeys possibly outline what course Indiaâs two-wheeler market is likely to take the next few years. Eicher Motors Ltd, the…
Hereâs a quick look at stocks likely to be in focus in today’s trade. Infosys Infosys has announced an expansion of its strategic collaboration with Citizens, one of the oldest and largest financial institutions in the United States. This partnership aims to leverage Infosys’ deep expertise in financial services and advanced technologiesâincluding artificial intelligence (AI),…
China, a market that was once core to their global growth plans, has become a wasteland for their petrol-powered lineups as electric vehicles (EVs) grew from 6.2% of sales in 2020 to 45% last year. The foreign brands that dominated the Chinese market in the 2010s have been devastated. Sales by Ford and Nissanâboth top-10…
The pace of change, driven by technology, geopolitical dynamics and evolving societal priorities, will ensure that uncertainty is the only constant. But times of upheaval, as history has shown, also offer extraordinary opportunities. For India Inc and Indian policymakers, embracing uncertainty is the key to survival and success. Here are five major trends reshaping the…
New Delhi: If Bhavish Aggarwal, founder of now-listed Ola Electric, is known to dream big, his newest ambition is audacious by even his standards: to build âIndiaâs first AI (artificial intelligence) chips” in four years. Such a plan would thrust Aggarwal, who is likened to Elon Musk for his public persona, into an industry with…
Thereâs a good case for the answer to be none of the above. Instead, itâs Honda, whose cheap and cheerful Super Cub motorbike deserves to be recognized as the most important road vehicle in history. Since its debut in 1958, cumulative sales have been more than 100 million, well over twice the Corollaâs numbers. The…
Ola Electric IPO: SoftBank-backed Indian e-scooter maker Ola Electric will offer shares in the price band of 72-76 rupees ($0.86-$0.91) in its stock market offering which will open this week and be one of India’s biggest IPOs this year, a newspaper ad showed on Monday. Ola Electric’s roughly $740 million IPO will be the first…
