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Reading: Ola Electric Stock Rises 1.31% as Retail Network Grows to 4,000 Stores
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Ola Electric Shares: Rose 1.31%, after expanding its retail network to 4,000 stores
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek > Economy > Ola Electric Stock Rises 1.31% as Retail Network Grows to 4,000 Stores
Economy

Ola Electric Stock Rises 1.31% as Retail Network Grows to 4,000 Stores

December 26, 2024 2 Min Read
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Ola Electric, one of the leading electric vehicle manufacturers in India, recently made headlines with the expansion of its retail network to 4,000 stores across the country. This significant move marks a four-fold increase from its previous network and includes over 3,200 new stores co-located with service centers. The expansion aims to make electric vehicles more accessible by reaching beyond major cities and into smaller towns and tehsils across India.

In addition to expanding its retail network, Ola Electric also opened priority registrations for the beta version of its Move OS 5 operating system. This new operating system includes features like Group Navigation, Live Location Sharing, and Road Trip Mode powered by Ola Maps. The company also announced offers worth up to ₹25,000 on its S1 portfolio of electric scooters.

Bhavish Aggarwal, Chairman & Managing Director of Ola Electric, emphasized that this expansion fulfills the company’s promise under the #SavingsWalaScooter campaign. He highlighted Ola Electric’s commitment to driving large-scale EV adoption and accelerating India’s transition away from internal combustion engines.

Overall, Ola Electric’s recent developments reflect the company’s dedication to making electric vehicles more accessible and convenient for consumers across India. As the electric vehicle industry continues to grow, Ola Electric is positioning itself as a key player in the market, with a focus on innovation, expansion, and sustainability.

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