In today’s briefing:
- Ola Electric IPO – RHD Updates: Strong Improvement in Financials
- Slower E2Wheeler Sales with Lower Incentives: Ola Makes Lemonade when Market Throws Lemons
Ola Electric IPO – RHD Updates: Strong Improvement in Financials
- Ola Electric is a vertically integrated pure EV player in India with both technology and manufacturing capabilities for EVs and EV components (including battery packs, motors and vehicle frames).
- The company’s much awaited IPO is opening for subscription on Friday, and this insight focuses on new data points from the company’s latest Red Herring document (RHD).
- Our analysis shows that the company’s top line has continued to expand driven by volume while there has been significant reduction in operating losses in FY03/2024.
Slower E2Wheeler Sales with Lower Incentives: Ola Makes Lemonade when Market Throws Lemons
- India’s electric 2-wheeler sales nosedived after March 2024 as the government reduced incentives.
- The price gap between electric 2-wheelers and their ICE counterparts has widened significantly with lower incentives.
- Despite the overall slowdown, Ola Electric (1700674D IN) ‘s steep market share rise highlights its product prowess, competitive pricing capabilities, and strong brand.
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