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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Despite a litany of issues, Ola Electric continues to top the chart when it comes to sales; separately, comedian Kunal Kamra challenges the Modi government’s fact-check proposal.
Editor's note: Because people don’t care. That’s the TLDR answer. Let me explain. Earlier this month, Ola Electric said it sold more than 27,000 scooters in March, making it the best-ever month. It helped the company consolidate its position at the top of the EV two-wheeler leaderboard. CEO Bhavish Aggarwal attributed “the company’s consistent leadership position in the market” to “prioritizing scale, speed, and uncompromising quality standards” in a press statement. There was also a lot of chest-thumping in the statement, but I leave it to your imagination. In the newsroom, our first reaction was “how?” How is a piece of automobile with as many issues as the Ola Electric scooter a top-selling product? We have written in detail about the issues with the scooter here. Ideally, they should not even be on the road in the current iteration. But the truth, as the saying goes, is stranger than fiction. According to the VAHAN portal, Ola Electric sold 21,299 scooters in March (up 20% over February), followed by TVS (16,777, up 32%) and Ather (12,079, up 20%). To put things in perspective, …
The EV maker is back for fresh capital as its businesses fail to generate enough to sustain themselves.
Chinese diplomats to India are saying all the right things for Indian ears, but Beijing’s policy actions are moving in the opposite direction.
The emirate’s financial centre has surpassed the 10,000-company mark, Lucid Motors has a new investor, and digital assets are having a great week.
