Did you know despite the FAME subsidy reduction, Ola Electric saw a surge in its monthly electric scooter registrations, climbing from 16.4K units in October 2022 scaling to 53.3K units by March 2024, and maintaining a steady upward trajectory?
Our verdict : Somehow we are not optimistic on a company which is making losses. We feel that unnecessary euphoria of EV vehicle is being made as amount of energy being spent on making a EV battery and way electricity is being produced will balance the pros and cons of environmental damage. We opine till the time fossil fuel is available, use it.
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