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While the company has utilised INR 1,227.6 Cr set aside to expand its cell manufacturing plant, it has now revised the R&D expenditure to INR 1,505 C
It will increase the expenditure for organic growth initiatives by 3.4X to INR 1,200 Cr from the initially proposed INR 350 Cr
Besides, Ola Electric has added a new INR 395 Cr component for repayment or prepayment of debt
EV major Ola Electric
has received the approval from its shareholders to alter the use of INR 5,500 Cr…
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.
While the company has utilised INR 1,227.6 Cr set aside to expand its cell manufacturing plant, it has now revised the R&D expenditure to INR 1,505 C
It will increase the expenditure for organic growth initiatives by 3.4X to INR 1,200 Cr from the initially proposed INR 350 Cr
Besides, Ola Electric has added a new INR 395 Cr component for repayment or prepayment of debt
EV major Ola Electric has received the approval from its shareholders to alter the use of INR 5,500 Cr…
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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