Automobile News: OLA Set to Bring “Electric Revolution” With The Launch of 4000 Mega Stores

Automobile News: Stand-up comedian Kunal Kamra and Ola Electric CEO Bhavish Aggarwal recently had a heated debate on the social media platform X (previously Twitter). The incident began when Kamra questioned Ola Electric’s service quality, sparking a heated online exchange between the two. Despite the criticism, Aggarwal claimed that the company intends to expand its retail network from 800 to 4,000 within a month. He underscored Ola’s commitment to bringing the “electric revolution” closer to its customers, with all new outlets due to open on December 20th and offering increased service capacity.

OLA Witnesses Increase in Stocks

The announcement boosted Ola Electric’s stock performance, resulting in a dramatic increase in shares. Ola Electric, which has been listed on the BSE and NSE since August 9, has a market capitalization of Rs 37.84 C. Ola Future Factory, founded in Bengaluru in 2017, builds electric vehicles, motors, battery packs, and vehicle frames. Ola Electric’s aggressive expansion plan marks a critical milestone in the company’s journey, with the goal of solidifying its position as a market leader in electric vehicles.