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Stock Report
Ola Electric announces #HyperDelivery; rolls out same day registration and delivery of vehicles
Posted On : 2025-04-04 00:16:20( TIMEZONE : IST )
Ola Electric, India's largest pure-play EV company, today announced #HyperDelivery, offering same-day registration and delivery of vehicles. Pilot of #HyperDelivery has started in Bangalore, and would gradually be scaled up across India during this quarter in a phased manner. Customers can now complete their purchase online or at an Ola Electric Store and ride home on their fully registered vehicles in just hours.
This industry-first purchase and delivery transformation has been made possible due to the company's strategic decision to leverage AI for automation and moving its vehicle registration process in-house. By integrating these critical steps into its operations, the company has enabled a much smoother and efficient journey from purchase to delivery, thereby enhancing customer experience.
Spokesperson, Ola Electric, said, "We have significantly cut the processing time of registering the vehicles through AI led automation and by moving the registration process completely in-house. We are excited to announce #HyperDelivery which has completely transformed the vehicle purchase & delivery experience in the automotive segment. With this we are ensuring a much smoother purchase experience for our customers, eliminating tedious purchase processes and longer delivery timelines."
Ola Electric has implemented AI to automate the majority of the steps in a registration process, thereby enabling it to eliminate the middlemen associated with the typical registration process. This has enabled the company to introduce the initiative of #HyperDelivery. From purchasing to riding your favourite Ola vehicle home in just hours. Through this, Ola Electric has brought quick-commerce like experience in automobiles.
Shares of OLA Electric Mobility Limited was last trading in BSE at Rs. 54.08 as compared to the previous close of Rs. 52.71. The total number of shares traded during the day was 4047641 in over 10542 trades.
The stock hit an intraday high of Rs. 54.25 and intraday low of 51.82. The net turnover during the day was Rs. 215073746.00.
