Ola e-scooter rides to be available in 1,000 cities by Dec 15


New Delhi, Nov 20 | Electric vehicle (EV) manufacturer Ola Electric on Saturday announced that customers in over 1,000 cities and towns will be able to test ride and experience the Ola S1 electric scooter.

The test rides will be initially open only for those who have purchased or reserved the Ola S1 and S1 Pro scooters.

“Amazed and proud to see the strong response to our S1 test rides! Thousands of you have tried and loved it!” Bhavish Aggarwal, Founder and CEO, Ola tweeted.

“We are now expanding test rides to 1000+ cities across India by December 15. This is the largest direct-to-consumer outreach in Indian automotive history!” he added.

Ola kicked off test rides in Bengaluru, Delhi, Ahmedabad and Kolkata on November 10 and then opened up in five more cities — Chennai, Hyderabad, Kochi, Mumbai and Pune on November 19.

“Customer response to our test rides has been phenomenally positive and we are really thrilled to see their excitement for the revolutionary Ola S1 scooter,” said Arun Sirdeshmukh, Chief Business Officer at Ola Electric.

The next leg of customer test rides will be commencing from November 27 onwards, in 11 more cities including Surat, Thiruvananthapuram, Kozhikode, Visakhapatnam, Vijayawada, Jaipur Coimbatore, Vadodara, Bhubaneswar, Tiruppur and Nagpur.

Source: IANS

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Share Market Closing Bell: Market ends marginally lower amid volatility

Share Market Closing Bell: Market ends marginally lower amid volatility

Dalal Street witnessed tug of war between bulls and bears as Sensex settled at 54208.53 losing 109 points or 0.20 percent and Nifty ended at 16240.30 with loss of 19 points. Bank nifty closed the session at 34163.70 levels with loss of 138 point after erasing early session gain.

BSE Midcap and BSE Small cap indices turned flat after rising around half a percent each. On the sectorial front, Nifty Pharma and FMCG have contributed a percent each on a closing basis. On the flip side Nifty Realty, Nifty PSE ended with losses of 1.75 percent and 1.73 respectively. In Nifty stocks, TATACONSUM, CIPLA and ADANI PORT were the top gainers while POWERGRID, BPCL and TECHM were the prime laggards.

In the daily chart Nifty has ended with a bearish candle. However 16200 levels are protected throughout the day. Index might face high volatility on weekly expiry day. Riding against the trend may not be beneficial for short term traders. According to volume profile 16100 and 16000 may act as immediate support.

Indicators such as MACD and RSI are still struggling to overcome from oversold zone in the daily time frame. From the time cycle prospect Index would remain highly volatile till 27th May of this month. Bollinger band indicates 16650 would remain strong resistance in coming days. On the other hand, Bank nifty has support at 33400 levels while resistance at 35000 levels.

Om Mehra
Research Associate
Choice Broking

Source: Choice India


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