Ola Electric has made a big splash in the electric vehicle market by launching a commercial e-scooter called 'Gig', priced at Rs 1.19 lakh. However, the company is facing scrutiny from India's consumer protection agency for alleged poor service and quality issues. These developments come amidst a push for more electric vehicles in the country, with a number of other EV companies also making headlines.
Electric Scooter Revolution in India: Rise of Ola Electric and Honda Activa's Transition
The electric vehicle (EV) industry in India is witnessing a rapid surge in popularity, particularly in the scooter segment. Two major players in this market, Ola Electric and Honda Activa, are dominating headlines with their latest developments.
Ola Electric's Ambitious Launch Amid Scrutiny
Ola Electric, a Bengaluru-based EV startup, made an audacious debut in the commercial e-scooter market with the launch of the 'Gig' model priced at Rs 1.19 lakh. However, its entry into the market has been met with mixed reactions.
While the Gig's affordability and advanced features have attracted attention, Ola Electric has faced scrutiny from the Consumer Protection Authority of India (CCPAI). The agency has received complaints alleging poor service, quality issues, and delayed deliveries, leading to a notice being issued to the company.
Honda Activa's Electric Transformation
On the other hand, Honda Motorcycles and Scooters India (HMSI), the parent company of the iconic Honda Activa, has signaled its intent to enter the electric scooter market. The company has showcased several electric scooter concepts at various auto shows, hinting at a potential launch in the near future.
Activa's transition to electric is expected to be a significant move, given its dominant position in the Indian scooter market. The brand's reputation for reliability and fuel efficiency could give it an edge over competitors in the EV space.
Top 5 FAQs Related to Electric Scooters in India
1. What are the benefits of electric scooters?
2. What is the range of electric scooters?
3. How long does it take to charge an electric scooter?
4. Are electric scooters safe?
5. What are the challenges facing the EV industry in India?
DMart, India's leading supermarket chain, saw a surge of 12.33% in its stock following a 17.18% growth in standalone revenue in the third quarter of 2021 compared to the previous year. However, concerns have been raised over increased competition in the industry, with players like Flipkart and Amazon offering home delivery at lower prices. This has led to doubts over DMart's previously unquestioned dominance in terms of price advantage. Despite this, brokerage firms like CLSA continue to suggest an 'Outperform' rating on DMart, citing its strong store addition and same store sales growth.
As Bitcoin marks its 16th anniversary, it continues to rise in popularity among investors. In just 48 hours, 11,000 BTC were removed from exchanges, indicating a strong belief in the asset's long-term potential. This trend is further evidenced by the $1 billion worth of BTC accumulated by investors since the start of the year. The approval of the ProShares Bitcoin Strategy and 11 spot Bitcoin ETFs by the SEC shed light on the increasing interest from institutional investors, with net flows into spot Bitcoin ETFs reaching $4.63 billion in December alone. Bitcoin enthusiast Tom Lee predicts that the asset could reach $250,000 in 2025, fueled by a favorable regulatory landscape and increased interest from other nations' Bitcoin reserves. With a capped supply of 21 million coins and a current price of $96,800, all eyes are on Bitcoin as it approaches this significant psychological and financial milestone.
In this edition of Traders' Diary, the Zee Business research team provides exclusive research and investment ideas on 20 stocks to track for January 3, 2025. Analysts Pooja Tripathi and Kushal Gupta share their top stock picks, including Avati Feeds, PB Fintech, Bajaj Finance, Lupin, Bank of Baroda, JK Cement, Amber Enterprises, and V2 Retail. With targets and stop losses for each stock, this diary is a must-read for investors and traders.
The Chinese logistics sector has seen a significant increase in activity in the last month of 2024, with the market's prosperity index reaching its highest level. This is due to supportive policies and strong market dynamics. It is projected that the total value of the country's logistics market will exceed 360 trillion yuan, cementing China's position as the world's largest logistics market for the ninth consecutive year. Experts believe that the positive growth in the sector will continue, with noticeable improvements in production and business activities.
The Sharjah Electricity and Water Authority (Sewa) has extended its working hours in order to provide better services to the public. The decision came after the recent instruction from His Highness Dr Shaikh Sultan bin Mohammed Al Qasimi, and is part of Sewa's comprehensive plan to enhance its services and develop its sectors. This move will help prevent issues of scarcity in the emirate and bring Sewa's services up to international standards.
The Indian Institute of Technology (IIT) Roorkee will be releasing the GATE 2025 Admit Cards on January 7, 2025. Students who have registered for the GATE 2025 examination can download their hall tickets through the official website. The admit cards were supposed to be released on January 2 but were delayed and will now be available on January 7. Here's how candidates can download their GATE 2025 admit cards.
After a recent surge, the overall cryptocurrency market is starting to cool down, but two coins have managed to stand out with remarkable gains. Urolithin A, a compound used in longevity research and part of the Pump Science platform, has surged over 100% in the last 24 hours. Similarly, the meme coin Akuma Inu has also seen a significant increase in price, reaching new all-time highs and earning a coveted listing on CoinMarketCap. These gains are likely a result of various developments and partnerships for both coins, showcasing their potential for growth in the market.
At the 16th edition of the Bangladesh Brand Forum's Best Brand Awards, mobile financial service provider bKash took the lead as the best brand, followed by Grameenphone and RFL Houseware. Other notable brands in the top 15 included Radhuni Masala, Closeup, and Daraz Bangladesh, which was recognized as the most loved brand in the e-commerce category for the fourth consecutive year. The event also saw Gree being named as the "Most Emerging Brand" for its sustained rise in brand equity index for three consecutive years.
Hyundai India has officially revealed details about its highly anticipated Creta Electric SUV, set to make its debut at the Bharat Mobility Expo in 2025. The new model offers two battery options, fast charging capabilities, and impressive performance, catering to the increasing demand for electric mobility in India. With four different variants and a selection of 10 colors, the Creta Electric is poised to make a big impact in the Indian market.
The Indian stock market saw a huge surge as the BSE Sensex jumped 1,436.30 points to settle at 79,943.71, its biggest single-day gain in over a month. The NSE Nifty also surged by 445.75 points to close at 24,188.65, with financial, auto, and IT shares leading the buying spree. However, Sun Pharma was the only laggard in the Sensex. Meanwhile, India's manufacturing sector witnessed slower growth in December, with the HSBC Purchasing Managers' Index falling to 56.4 from 56.5 in November. Despite this, the country's gross GST collection rose 7.3% from the previous year to Rs 1.77 lakh crore in December, indicating a steady recovery in economic activity.