{"id":5246,"date":"2024-12-02T14:16:14","date_gmt":"2024-12-02T08:46:14","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5246"},"modified":"2024-12-02T14:16:16","modified_gmt":"2024-12-02T08:46:16","slug":"ola-electric-shares-surge-6-as-ceo-announces-expansion-to-4000-stores-on-december-20","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/ola-electric-shares-surge-6-as-ceo-announces-expansion-to-4000-stores-on-december-20\/","title":{"rendered":"Ola Electric Shares Surge 6% as CEO Announces Expansion to 4,000 Stores on December 20"},"content":{"rendered":"\n<p>Ola Electric started December 2 on a strong note after the company&#8217;s CEO, Bhavish Aggarwal, announced an aggressive store expansion. Its store count is likely to increase from 800 to 4,000 by December 20, 2024, in what Aggarwal termed &#8220;the biggest single-day store opening ever.&#8221;<\/p>\n\n\n\n<p>Aggarwal announced this on platform X, while adding all new stores shall also house service capabilities. The announcement saw Ola Electric stock take a sharp recovery and trade 4.5% higher at \u20b991.34 apiece by 1:25 PM to reach a day&#8217;s high of \u20b993.7.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Recent Developments Boosting Ola Electric\u2019s Shares<\/h3>\n\n\n\n<p>Ola Electric\u2019s stock has surged 30% in recent trading sessions following several key announcements:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Commercial Segment Entry<\/strong>: The company unveiled its &#8216;Gig&#8217; scooter range with introductory prices starting at \u20b939,999, targeting gig workers.<\/li>\n\n\n\n<li><strong>S1 Z Launch<\/strong>: A personal-use electric scooter priced at \u20b959,999, catering to urban commuters.<\/li>\n\n\n\n<li><strong>PowerPod Launch<\/strong>: An inverter priced at \u20b99,999, allowing homes to be powered using portable batteries.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">Focus on Expansion and Innovation<\/h3>\n\n\n\n<p>Ola Electric\u2019s aggressive push into both personal and commercial EV segments, combined with the upcoming large-scale store expansion, underscores its ambition to dominate the Indian EV market.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a><br><sup><sub>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/ola-electric-shares-rise-6-as-ceo-says-companys-store-count-will-rise-from-800-to-4000-on-dec-20-12880930.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/ola-electric-shares-rise-6-as-ceo-says-companys-store-count-will-rise-from-800-to-4000-on-dec-20-12880930.html\" rel=\"noreferrer noopener nofollow\">Moneycontrol<\/a><\/sub><\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ola Electric started December 2 on a strong note after the company&#8217;s CEO, Bhavish Aggarwal, announced an aggressive store expansion. Its store count is likely to increase from 800 to 4,000 by December 20, 2024, in what Aggarwal termed &#8220;the biggest single-day store opening ever.&#8221; Aggarwal announced this on platform X, while adding all new [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[752],"class_list":["post-5246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-ola-electric-expansion"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5246"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5246\/revisions"}],"predecessor-version":[{"id":5248,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5246\/revisions\/5248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5247"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}