Ola Electric Mobility Limited has informed the Exchange about General Updates regarding social media communication by the promoter and CMD of the Company
OLAELEC · price
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Ola Electric has disclosed that its promoter and CMD, Bhavish Aggarwal, shared updates on social media about the company's battery technology and manufacturing progress. The key announcement is that the company's new LFP (Lithium Iron Phosphate) cell in the 46100 format is now ready and will start entering products from the next quarter. The company also stated that its Gigafactory ramp is progressing well, with thousands of vehicles powered by its 4680 NMC cells already on roads and clocking millions of kilometres in real-world conditions. The LFP cell is expected to bring further reduction in vehicle costs, accelerate EV adoption, and form the foundation for battery storage products, marking the next major phase of Gigafactory scale-up.
This is a positive operational update for shareholders — the LFP cell readiness could lower production costs and improve margins, while the Gigafactory scale-up signals improving capacity. However, since this was originally a social media post being formally disclosed, the stock may react more to actual quarterly results showing the impact rather than the announcement alone.