Ola Electric is hosting its annual 'Sankalp 2025' event today in Krishnagiri, Tamil Nadu. This year’s gathering is the company’s first public event at its lithium-ion cell gigafactory.
Founder and chief executive officer Bhavish Aggarwal has been posting teasers in the run-up to the event.
"So excited to welcome you all tomorrow at Sankalp 2025! 20,000 registrations already ??❤️. This year is extra special, because it's about India Inside," he said in a post on X.
The event is expected to see Ola unveil its “India Inside” vision, focused on advancing core electric vehicle (EV) technologies and homegrown manufacturing capabilities.
Major product announcements are expected at the event, most notably Ola’s entry into the sports scooter segment. Teaser campaigns have hinted at a sportier design, potential AI-powered features through the company's Krutrim technology, and integration of advanced tech such as new software upgrades.
Ola may also divulge details about its expansion into electric motorcycles.
Attendees and viewers can expect the launch of Ola’s MoveOS 6, which promises AI-driven vehicle experiences such as voice assistant capabilities and predictive service features.
This event comes at a crucial time for the company as it navigates some challenges. Ola’s market share in the electric two-wheeler segment had slipped to 17.2% as of July 27 down from 19.9% in June, as per Vahan data. Ather Energy, its listed rival, is now within striking distance, clocking 13,187 units this month for a 16.5% share. The gap of just 526 units between Ola Electric and Ather Energy in July marks a sharp narrowing compared with June, when Ola Electric had sold over 5,000 units more than Ather Energy. Legacy rivals TVS Motor and Bajaj Auto continued to lead the segment.
Ola Electric also reported a net loss of Rs 428 crore on revenue of Rs 828 crore for the first quarter of FY26. Losses widened 23% from Rs 347 crore in the same quarter last year but shrank 51% from Rs 870 crore in the January-March period. Revenue rose 35% sequentially from Rs 611 crore but was down 49.6% year-on-year.
Sister company Krutrim undertook a second round of layoffs, impacting its linguistics team less than six months after hiring them, ET had reported.
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"So excited to welcome you all tomorrow at Sankalp 2025! 20,000 registrations already ??❤️. This year is extra special, because it's about India Inside," he said in a post on X.
The event is expected to see Ola unveil its “India Inside” vision, focused on advancing core electric vehicle (EV) technologies and homegrown manufacturing capabilities.
Major product announcements are expected at the event, most notably Ola’s entry into the sports scooter segment. Teaser campaigns have hinted at a sportier design, potential AI-powered features through the company's Krutrim technology, and integration of advanced tech such as new software upgrades.
Ola may also divulge details about its expansion into electric motorcycles.
Attendees and viewers can expect the launch of Ola’s MoveOS 6, which promises AI-driven vehicle experiences such as voice assistant capabilities and predictive service features.
This event comes at a crucial time for the company as it navigates some challenges. Ola’s market share in the electric two-wheeler segment had slipped to 17.2% as of July 27 down from 19.9% in June, as per Vahan data. Ather Energy, its listed rival, is now within striking distance, clocking 13,187 units this month for a 16.5% share. The gap of just 526 units between Ola Electric and Ather Energy in July marks a sharp narrowing compared with June, when Ola Electric had sold over 5,000 units more than Ather Energy. Legacy rivals TVS Motor and Bajaj Auto continued to lead the segment.
Ola Electric also reported a net loss of Rs 428 crore on revenue of Rs 828 crore for the first quarter of FY26. Losses widened 23% from Rs 347 crore in the same quarter last year but shrank 51% from Rs 870 crore in the January-March period. Revenue rose 35% sequentially from Rs 611 crore but was down 49.6% year-on-year.
Sister company Krutrim undertook a second round of layoffs, impacting its linguistics team less than six months after hiring them, ET had reported.
