11 EV makers get EMPS nod

The Ministry of Heavy Industries has approved 11 electric vehicle (EV) manufacturers, including Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, and Mahindra, to receive incentives under the......

Auto component makers to gain from new 4-wheeler electric vehicle policy

The new four-wheeler (4W) electric vehicle (EV) policy may spur the entry of global majors. Photograph: Adnan Abidi/Reuters The manufacturing policy cuts Customs duty to 15 per cent, given a......

Vanguard slashes Ola's valuation by another 29% to $1.88 billion

The US-based investment management firm Vanguard has adjusted the valuation of the mobility company Ola to $1.88 billion. Photograph: Shailesh Andrade/Reuters This represents the third markdown......

Ola Electric's Rs 5,500 cr IPO to bolster its EV market, say experts

Ola Electric’s initial public offering (IPO), of Rs 5,500 crore, is essentially aimed at ensuring the company maintain its top position in the electric two-wheeler segment, with incumbent......