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Ola Electric has announced that it expects its automotive business margins to turn positive by fiscal year 2026. The company's stock reached a high during trading, reflecting investor confidence. CEO Bhavish Aggarwal emphasized improvements in service, stating that 80% of service requests are now completed on the same day, indicating a significant reduction in service issues and backlog. The company is implementing a three-part strategy aimed at reviving its market position, with further details expected by March 2025. The positive outlook on margins and enhanced service capabilities are seen as critical steps in strengthening Ola Electric's position in the competitive electric vehicle market.
Ola Electric's plan to revive market position? Bhavish Aggarwal's EV firm 3-part strategy - 'By March, we...' https://t.co/4lkIxqD6qe
#Watch 🎥 | Ola Electric CEO, Bhavish Aggarwal says, "Service issues & backlog are history, with 80% of service requests now completed same day", while talking to CNBC-TV18 🚗⚡ #OlaElectric #EVRevolution #ServiceExcellence #CleanEnergy #Ola | @OlaElectric @bhash https://t.co/3IJhvj6kzX
#Watch 🎥 | Ola Electric CEO, Bhavish Aggarwal says "Service issues & backlog are history, with 80% of service requests now completed same day", while talking to CNBC-TV18 🚗⚡ #OlaElectric #EVRevolution #ServiceExcellence #CleanEnergy #Ola | @OlaElectric @bhash https://t.co/OCaldH9mMY
