OLAELEC

BIS certification for its indigenously built 461000 L

📰 Latest Strategic DevelopmentsSupplier Insolvency Dispute: The stock faced a 9% slide over concerns that two major component suppliers filed insolvency petitions against Ola's subsidiary, claiming ₹40.6 crore in unpaid ***** Clarification: Ola Electric formally clarified that this is a pre-existing commercial and quality dispute regarding faulty parts. Ola initiated its legal actions first and reassures investors that manufacturing timelines and deliveries remain completely ***** Business Momentum: Despite stock volatility, vehicle registrations nearly doubled sequentially to 43,719 units in the April-June quarter of FY27, signaling an active business ***** Autonomy Progress: Ola became the first Indian company to secure BIS certification for its indigenously built 461000 LFP battery cells, a major step toward producing mass-market vehicles powered entirely by its local "Gigafactory" in Krishnagiri, Tamil Nadu.🏍️ Core Product Lineup & PricingOla Electric currently sells a widespread lineup ranging from low-cost city commuters to premium performance ***** S1 X Series: Entry-level scooters with options starting around ₹49,999 up to ₹1,29,999 for the higher battery ***** S1 Pro & Air: Flagship scooters featuring advanced MoveOS smart features and a premium top-speed ***** Roadster Series (X, Standard, Pro): Ola's foray into electric motorcycles with localized 4680 Bharat Cells, delivering extended driving ranges. Prices stretch from ~₹74,999 for foundational variants up to ₹1,99,999 for the high-end Roadster Pro.