Dec 26, 2024
Ola Electric Mobility, led by Bhavish Aggarwal, is making headlines with its bold expansion of 4,000 stores across India, a fourfold increase aimed at boosting EV adoption beyond Tier-1 and Tier-2 cities. However, this milestone comes amidst challenges, including a showcause notice from the Central Consumer Protection Authority (CCPA) over its handling of consumer complaints. In this video, market experts Kush Ghodasara and Avinash Gorakshakar share their insights on whether Ola Electric is a viable investment option. Avinash Gorakshakar highlights that while the store expansion improves Ola’s market presence, the company’s lack of profitability and the need for heavy marketing and advertising expenditures remain significant concerns. He advises long-term investors with a high-risk appetite to be patient, drawing parallels to Zomato’s journey, where financial improvements were key to market rewards. On the other hand, Kush Ghodasara adopts a bearish outlook, recommending investors sell Ola shares at current levels due to stiff competition from established players like TVS Motors and Bajaj Auto. He believes Ola’s damaged goodwill and intense competition will hinder its near-term performance. Kush Ghodasara suggests alternatives such as TVS Motors and Bajaj Auto during market corrections. Watch this video for a detailed analysis of Ola Electric’s future, expert opinions, and actionable investment strategies in the competitive EV sector.
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