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Ola Charges Up Battery Game
- Ola Electric is shifting focus towards battery and cell manufacturing with a proposed investment of INR 200 Cr in its battery subsidiary.
- The company is looking to improve margins and contribute to India’s battery supply chain ecosystem.
- The move marks a significant expansion beyond sales figures and a competitive EV market, emphasizing the importance of the full EV stack.
- Ola Electric faced challenges as rivals like Bajaj Auto and TVS Motor surpassed it in electric scooter sales in March.
- The company reported a net loss surge of 50% in Q3 FY25, along with revenue decline and stock price slump.
- Ola Electric’s recent investments in battery manufacturing aim to increase production capacity and meet internal and industry demands.
- Raid incidents and regulatory scrutiny have added to Ola Electric’s challenges, impacting its stores and operations in various states.
- The company’s focus on manufacturing its own cells in India aims to reduce imports and enhance strategic capabilities.
- Ola Electric’s HyperDelivery model and store network expansion are integral to its new market approach and same-day registration service.
- Cost-cutting measures and market response will determine Ola Electric's performance as it faces challenges in the public markets.
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