MORE OLA STORES, MODELS; BUT THERE'S A BACKLOG
The New Indian Express Kannur|December 08, 2024
LA Electric's co-founder Bhavish Aggarwal has just announced an ambitious plan to open as many as 3,200 stores by the end of December.
GURBIR SINGH
MORE OLA STORES, MODELS; BUT THERE'S A BACKLOG

These will be in addition to the current 800. Aggarwal has said the massive expansion plan is to reach electric two-wheelers (e2Ws) to every pincode in the country.

It's ironical how these announcements are relayed by our media without a caveat or a question. Even the stock market swallowed it and moved up 6.6 percent soon after the announcement, in anticipation of a massive sales boost. Some of the pink papers which carry such 'news' must now do their due diligence and check how many Ola stores actually opened, and how they are performing.

Isn't it cheeky a company facing thousands of complaints from Ola scooter buyers, and unable to provide maintenance services to its existing customers, wants to expand points of sales four-fold? Doesn't the company first need to explain and apologize for its existing non-functional after-sales network?

The National Consumer Helpline, managed by the Department of Consumer Affairs, has registered 10,644 complaints against Ola e-scooters from September 1, 2023, to August 30, 2024. In recent months social media has been agog with pictures and videos of lines of junked Ola e2Ws outside showrooms and service stations. Several videos of frustrated consumers - one setting fire to an Ola store, another destroying his vehicle in front of a showroom - went viral.

هذه القصة مأخوذة من طبعة December 08, 2024 من The New Indian Express Kannur.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 08, 2024 من The New Indian Express Kannur.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE NEW INDIAN EXPRESS KANNUR مشاهدة الكل
The New Indian Express Kannur

Words of Wisdom for Yashasvi

During a net session ahead of the Boxing Day Test in Melbourne, Kohli, Rahul and coach Gambhir give pep talks to Mumbai batter, who has struggled to spend time in the middle

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Man Utd humiliated, Chelsea held

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The making of fast bowler Boland: Cult hero of MCG

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Mandhana climbs another mountain as India beat West Indies

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Nat'l badminton: Unseeded Adarshini enters semifinals

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KNOW LINEAR AND LATERAL THINKING

S a result of geopolitical tensions, scheduled general elections in India during the mid-year and in the USA towards the end of the year as well as valuations that had sky-rocketed, volatility during 2024 was anticipated by many of us.

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IS ALGORITHMIC TRADING FOR YOU?

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Credit card defaults could hurt you badly now

With apex court rejecting 30% cap on card interest rates, issuers will now have more flexibility to set rates

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Banks' profits spike in first 9 mths of 2024

BANKS have raked in as much as ₹2.7 lakh crore in net income in the first nine months of 2024.

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