Focussing On Profitable Growth & Are Close To EBITDA Break Even: Ola Electric | CNBC TV18

‘Incumbents run the risk of burning a lot of cash & cannibalizing their own sales as they build their EV business. We are focusing on profitable growth & are close to EBITDA break even’ says Bhavish Aggarwal, Chairman & MD, Ola Electric. Tells Prashant Nair, Nigel D'Souza & Ekta Batra that co will look to enter the EV 3-wheeler segment “soon enough”

#olaelectric #olaelectricscooter #olaelectricbike #olaeletric #ebitda #sales #businessoutlook #stockmarket #stockmarketnews #stockmarketupdates #cnbctv18exclusive #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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[Daniel-bwvm]

Finally someone who addressed the elephant in the room, “Poor Service Level” and glad to hear Bhavish’s response. I’m sure with his vision we will see some amazing results soon. Patiently and optimistically waiting for Ola to grow and dominate the market

[AbhisheKSamm]

Why would a new age company like OLA mock its competitors? Optimism is okay, But getting carried away by over optimism could very well destroy your business

[n-xc]

Give Ola a chance. When Tesla took out its first car they had to recall a ridiculous amount of cars. Even now when they launch a completely new product for example cyber truck they have a lot of teething problems initially. A very fast growth rate combined with lack of experience has meant that that service has lagged and Ola is learning the hard way. Give it 6 months and the issue would most probably be resolved. Ola has the chance of becoming the largest two wheeler EV company in the world. I think that would be great for india.

[nikunjchauhan]

Bhavesh Agrawal is one best story teller, he knows how to sell idea, ....but when we talk about execution and customer satisfaction it is terribly poor

[justcurious]

Bajaj TVS have got established service centres. Service is very very important. Because what do you do with the electric vehicle which you cannot get serviced? It’s just becoming useless. I told Bhavesh that he should take care of service centres. There are huge queues in the service centres. Somehow he doesn’t care. He’s learning it the hard way, that the customer will not suffer long and they will shift to the competition, who is much better organising, giving services

[mirajsumaria]

Dont come in 3 wheeler....1st solve the problems in your 2 wheeler

[hashiquev]

14:48 he only focused on sales.not service

[Farsath]

Very bad customer service dear Bhavish.

Hope you will address this issue.

[kingsreeraj]

Here many comments are on ola service. My friends who own Ola are also complaining long que at service centers. Ola have good products but they should focus more on customer satisfaction too.

[gscsingh]

Ola electric is leading 😅😅😅😅😅😅.This man Bhavesh Agarwal is a crook that’s all.

[Sp-A]

Three wheelers hi kyun, Ola electric cars bhi lao, people in tier 1 cities are looking for a cheaper 2nd car for daily commute and with one ICE car which people like me already have.

[tubeyou]

These guys came to make money. It was the same as in mobile ERA, how cheap China mobiles came, and in EV ERA, where OLA Electric came to make money.

[Pravin]

In future as per service scooter will be off

[eespn]

Yes, break back of anti india arrogant bajaj son.

[dilipsharma]

Prashant needs to stop his pauses ....sort of ... sort of.. sort off

[SuccessBull-xjqs]

Ola, the future indian technological world leader

[pvn]

Service is a big issue with ola... getting a service slot itself is big issue

[CuriousSamurai-cd]

Mark my words Ola will reach 5000 in 3 years 10, 000 in 7 years


Scooters
Bikes
3 wheeler
Battery 🔋
International market
Cars
Damn a lot to come

[sankalpshanbhag]

Having vision is good but if you are mentally challenged and person with no eye sight then his business is bound to doom. He is not a worthy person. Just keeps launching new products and vehicles keep piling in the service centre.

I pray to god everyday that OLA should shut soon.

Waiting to hear the news that Bhavish goes bankrupt.