ICRA Downgrades Ola Electric’s Rating Amid Rising Competition, Declining Sales
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Credit rating agency ICRA has downgraded the rating of Ola Electric’s subsidiary Ola Electric Technologies Pvt Ltd rating due to underperformance in the company’s sales volume and revenue anticipations.
The rating agency said it considered a consolidated view of Ola Electric and its subsidiary for the rating downgrade. It said that the “material underperformance” in the company’s sales volumes and revenues relative to earlier expectations have extended the timeline for profitability and im
The rating agency said it considered a consolidated view of Ola Electric and its subsidiary for the rating downgrade. It said that the “material underperformance” in the company’s sales volumes and revenues relative to earlier expectations have extended the timeline for profitability and im
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