Ola Electric

According to sources, Ola Electric, the manufacturer of electric two-wheelers, is set to refund around Rs 130 crore to its customers.

[{"selector":"#anim-0fc4f057-f3c1-40fe-8783-ca93fcdb261e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8798a281-01e9-4db6-bd51-de50ca1fa98a","keyframes":{"transform":["translate3d(0px, 149.38270%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-66e1e435-3497-42d5-a9ad-d8cb6105b401","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-04625fa8-4282-4160-a6c5-90a91cdd7ea2","keyframes":{"transform":["translate3d(0px, -128.80808%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-094d42c0-3b0d-4785-938f-40ac06811aa4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":400,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The Automotive Research Association of India (ARAI) will not be taking any further action against Ola Electric, as the company announced in its letter to ARAI dated April 30, 2023.

[{"selector":"#anim-a0ae8928-f20a-4871-863c-176016d4c330 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":400,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-6191a46e-8866-46c0-bcf0-1a312fd634d0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0da82e71-daca-4e5d-b990-1505369732d6","keyframes":{"transform":["translate3d(0px, -117.89899%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9cada908-4b5a-493d-ad4a-0dc7e369d4ad","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ebfd8e16-15df-474f-b570-0e481c608f6b","keyframes":{"transform":["translate3d(0px, 129.26954%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c8b5fcf3-a52f-4f80-9878-37ad9486df51","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cf46d924-7929-4f09-be51-db6f1c164fee","keyframes":{"transform":["translate3d(0px, 462.46608%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Ola will reimburse approximately Rs 130 crore for off-board chargers purchased with Ola S1Pro scooters between FY 2019-20 and March 30, 2023, according to a government official.

[{"selector":"#anim-6cf56e53-d322-4075-a524-3805a26c4a00 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":400,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f9a021da-4a9c-474b-bba8-87767bd1448a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-613da586-f264-4386-8a0f-c4cde9f4b305","keyframes":{"transform":["translate3d(0px, -117.89899%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-982bfe3f-04ca-4197-9344-c4bd1c1786ba","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b240e302-cca8-44a6-a8db-95e9433ef267","keyframes":{"transform":["translate3d(0px, 146.18964%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8a096e97-7e80-4dbd-8149-e1b0d56ee499","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3db47eee-b57a-42d4-a884-4864400cf52a","keyframes":{"transform":["translate3d(0px, 462.46608%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

In a recent conversation with CNBC-TV18, Company’s Founder and CEO Bhavish Agarwal stated that the company will comply with the government’s requests and regulations regarding the suspension of subsidies and ongoing probe.

[{"selector":"#anim-77d23e95-534d-458d-9928-05c2f8ceaf0d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.7357910213824894%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":400,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-384e2635-8186-4819-a672-84a7158a738e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-39c4693a-71b8-46cc-9135-e06a02b63d59","keyframes":{"transform":["translate3d(0px, 136.61112%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e2f46e0c-577f-4051-8b5d-5211f9a81ea0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5f6b8701-8d51-4f89-9268-3c4ef113f9a7","keyframes":{"transform":["translate3d(0px, 367.19084%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-105cdb52-c474-4e73-858c-f6589b2996c5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d2b7a315-a1c3-42af-8a3e-e1223c3b8881","keyframes":{"transform":["translate3d(0px, -114.26263%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Ola Electric

will Reimburse all Customers who purchased Chargers Individually

According to sources, Ola Electric, the manufacturer of electric two-wheelers, is set to refund around Rs 130 crore to its customers.

The Automotive Research Association of India (ARAI) will not be taking any further action against Ola Electric, as the company announced in its letter to ARAI dated April 30, 2023.

Company’s Explanation to ARAI

Ola will reimburse approximately Rs 130 crore for off-board chargers purchased with Ola S1Pro scooters between FY 2019-20 and March 30, 2023, according to a government official.

Company’s Explanation to ARAI

In a recent conversation with CNBC-TV18, Company’s Founder and CEO Bhavish Agarwal stated that the company will comply with the government’s requests and regulations regarding the suspension of subsidies and ongoing probe.

Bhavish Aggarwal Said

OLA

ELECTRIC