Ola Electric pumps Rs 2,000 Cr into manufacturing arms OET and OCT via CCPS
Board approves Rs 1,500 Cr infusion into Ola Electric Technologies and Rs 500 Cr into Ola Cell Technologies, doubling down on EV and battery vertical integration. Move comes as April market share recovers to 8.18%, though Q3 FY26 revenue of Rs 470 Cr reflects a 55% YoY decline.
Ola Electric's board approved a Rs 2,000 crore infusion via CCPS into wholly-owned subsidiaries OET (Rs 1,500 cr, EV manufacturing) and OCT (Rs 500 cr, cell manufacturing), backing its EV and battery ambitions amid recovering two-wheeler sales and an 8.18% April market share.
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