09 July 2024
A host of stock brokerages including Emkay Global and Nuvama Institutional Equities attended the analyst meet hosted by electric vehicle startup Ola Electric, which featured interaction with Founder and CMD Bhavish Aggarwal, as well as visits to its facilities in Tamil Nadu and R&D center in Bangalore. The key takeaway from the meet, analysts said, was that the Ola Electric management sees scale and vertical integration as major its competitive advantages. Ola Electric expects a healthy improvement in profitability levels ahead. It said the production cost is climbing down and continued efforts are being made to reduce it further. Besides, Ola Electric expects self-developed battery cells to enter serial production early next year, analysts said.
A host of stock brokerages including Emkay Global and Nuvama Institutional Equities attended the analyst meet hosted by electric vehicle startup Ola Electric, which featured interaction with Founder and CMD Bhavish Aggarwal, as well as visits to its facilities in Tamil Nadu and R&D center in Bangalore. The key takeaway from the meet, analysts said, was that the Ola Electric management sees scale and vertical integration as major its competitive advantages. Ola Electric expects a healthy improvement in profitability levels ahead. It said the production cost is climbing down and continued efforts are being made to reduce it further. Besides, Ola Electric expects self-developed battery cells to enter serial production early next year, analysts said.
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