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Ola Electric’s Missing Pieces
- Ola Electric saw a 62% YoY revenue slump to INR 611 Cr in Q4, with regulatory challenges and allegations of sales inflation.
- CEO Bhavish Aggarwal faces pressure as the company's growth plans seem to lack key elements amidst uncertainties in the EV industry.
- The absence of subsidies for electric vehicles adds to challenges, with competitors like Ather Energy gaining strength.
- Institutional investors have been offloading shares, with negative investor sentiment impacting Ola Electric's stock performance.
- Amid struggles, Ola Electric co-founder Aggarwal paid INR 20 Cr to top up collateral for borrowings against shares.
- The company's projections and stock performance have raised concerns among investors, with Hyundai and Kia selling off their stakes.
- Experts urge caution in investing in Ola Electric, suggesting Ather Energy may provide better returns due to product quality and management.
- Despite challenges, Ola Electric aims for aggressive growth, eyeing higher EV sales and improved margins in Q1 FY26.
- The company's focus on cell manufacturing raises concerns about rushed technology launches and product quality.
- As competition intensifies, questions arise on whether Ola Electric can maintain its market position and course-correct its strategy.
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