Electric two-wheeler (e2W) maker Ola Electric has announced an ambitious plan to expand its store network to 4,000 locations by the end of this month. This marks a fourfold increase, with over 3,200 new outlets set to open alongside 800 existing stores, all co-located with service facilities.
With this expansion, Ola Electric aims to deliver its e2Ws to every pincode in the country, boosting access to e2Ws in both urban and rural areas. The expansion also positions the company to have the country's largest e2W distribution network, addressing the growing demand for sustainable mobility.
Markets have reacted positively to the news, with shares rising by 6.6 per cent, ending the day's trade at ₹93.26 on the BSE.
This story is from the December 03, 2024 edition of Business Standard.
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This story is from the December 03, 2024 edition of Business Standard.
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