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Hero MotoCorp to Raise Ather Stake to 32.8%

By Uniquetimesorg August 28, 2026 0

India’s Hero MotoCorp will increase its stake in electric scooter maker Ather Energy to 32.8% by purchasing additional shares worth up to ₹17.58 billion ($184 million). The shares will be acquired from an existing Ather stakeholder, whose identity was not disclosed. Hero MotoCorp, which is already Ather’s largest shareholder, held a 29.88% stake as of […]Continue Reading

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Delhi Announces $1,000 Incentive to Scrap Old Cars and Switch to EVs

By Uniquetimesorg June 29, 2026 0

The Delhi government has unveiled a new electric vehicle (EV) policy aimed at tackling the capital’s severe air pollution by encouraging residents to replace older vehicles with electric ones. Under the policy, owners who scrap cars purchased before April 1, 2020 and switch to a battery-powered EV will receive a cash incentive of more than […]Continue Reading

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Ola Electric to Invest $208 Million in EV and Battery Expansion

By Uniquetimesorg May 15, 2026 0

India’s Ola Electric has announced plans to invest $208.5 million into its electric vehicle and battery cell businesses as it pushes to cut costs and move closer to profitability. The company aims to strengthen local manufacturing, increase automation, and expand in-house battery cell production while facing growing competition in the EV market. The SoftBank-backed company Continue Reading

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Ola Electric Cuts 5% Workforce as EV Sales Remain Weak

By Uniquetimesorg January 31, 2026 0

Ola Electric has laid off around 5% of its workforce, impacting roughly 620 employees, as part of what it described as a “structural transformation” aimed at improving efficiency through automation. The electric vehicle maker, led by Bhavish Aggarwal, had about 12,396 employees last year. The company said it is focusing on building a leaner organisation […]Continue Reading

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Ola Electric Transitions to Public Limited Company in Anticipation of IPO

By uniquetimes November 20, 2023 0

Ola Electric, the electric vehicle manufacturing division of Ola, has undergone a transition from a private company to a publicly listed entity as part of its preparations for an upcoming initial public offering (IPO). The company, established in 2017, has also modified its name to Ola Electric Mobility Limited, as indicated in regulatory filings. With […]Continue Reading