Ola Electric Expects ‘Temporary Impact’ On Sales In February

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SUMMARY

The EV maker said that its sales for the month on VAHAN will be “temporarily impacted” due to it renegotiating terms of agreements with agencies Rosmerta Digital Services Pvt Ltd and Shimnit India Pvt Ltd

Rosmerta Digital Services offers digital services and distribution for vehicle registration to OEMs, Shimnit manufactures high-security registration plates for vehicles plying the Indian roads

The disclosure led to an increased pressure on the company’s already flailing share prices, taking them to a new low of INR 58.50 during…



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Ola Electric Expects ‘Temporary Impact’ On Sales In February


SUMMARY

The EV maker said that its sales for the month on VAHAN will be “temporarily impacted” due to it renegotiating terms of agreements with agencies Rosmerta Digital Services Pvt Ltd and Shimnit India Pvt Ltd

Rosmerta Digital Services offers digital services and distribution for vehicle registration to OEMs, Shimnit manufactures high-security registration plates for vehicles plying the Indian roads

The disclosure led to an increased pressure on the company’s already flailing share prices, taking them to a new low of INR 58.50 during…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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