'Anybody with a shop can now sell an Ola scooter': CEO Bhavish Aggarwal

admin admin | 08-30 16:30

Ola scooters now available on ONDC.

Ola Electric CEO Bhavish Aggarwal today said that anybody with a shop can now sell an Ola Electric product.
Aggarwal's statement came hours after the EV maker announced its debut on ONDC network.

"All @OlaElectric products will be available on ONDC from next week onwards," Aggarwal had announced earlier today. He added, "ONDC is the future of commerce."

Ola has now '800 odd' company owned stores. "Now instead of adding a few more stores or “exclusive dealerships”, anyone in India will be able to sell Ola scooters," the Ola CEO said.

Ola recently went public. The company has reported a jump in its Q1 revenue on a year-on-year basis, however, the loss for the quarter has widened to INR 347 crore, from a loss of INR 267 crore for the corresponding quarter of the previous year.

The Bengaluru-based company has recently launched three electric bikes as well and is planning to launch two more. The new Ola Roadster, Roadster X, and Roadster Pro have been priced very competitively, starting from INR 74,999.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged

Ola Electric provided an invoice dated October 6, showing a INR 5,000 discount given to customers, a...

Hyundai Motor IPO’s off to a slow start

Around 35% of the total shares in the offering are reserved for retail investors, while QIBs and NII...

Under fire, Ola Electric taps EY India to get back on track

Close to a dozen executives from EY came on-board at Ola Electric a few weeks ago on deputation for ...

Tata Motors secures 5-star BNCAP safety ratings for Nexon, Curvv, and EV models in latest crash tests

Tata Curvv.EV BNCAP testTata Motors did it again! Tata Motors has once again secured 5 star rating i...

India needs to step up manufacturing to meet Viksit Bharat goal: Volvo Grp India MD

Volvo Group India Managing Director and President, Kamal Bali. The manufacturing sector is a weak li...

Dollar pullback to help Indian rupee, weak risk appetite to weigh

Investors are now nearly certain that the U.S. Federal Reserve will deliver a 25-basis-point rate cu...