Ola Electric has made a big splash in the electric vehicle market by launching a commercial e-scooter called 'Gig', priced at Rs 1.19 lakh. However, the company is facing scrutiny from India's consumer protection agency for alleged poor service and quality issues. These developments come amidst a push for more electric vehicles in the country, with a number of other EV companies also making headlines.
Electric Scooter Revolution in India: Rise of Ola Electric and Honda Activa's Transition
The electric vehicle (EV) industry in India is witnessing a rapid surge in popularity, particularly in the scooter segment. Two major players in this market, Ola Electric and Honda Activa, are dominating headlines with their latest developments.
Ola Electric's Ambitious Launch Amid Scrutiny
Ola Electric, a Bengaluru-based EV startup, made an audacious debut in the commercial e-scooter market with the launch of the 'Gig' model priced at Rs 1.19 lakh. However, its entry into the market has been met with mixed reactions.
While the Gig's affordability and advanced features have attracted attention, Ola Electric has faced scrutiny from the Consumer Protection Authority of India (CCPAI). The agency has received complaints alleging poor service, quality issues, and delayed deliveries, leading to a notice being issued to the company.
Honda Activa's Electric Transformation
On the other hand, Honda Motorcycles and Scooters India (HMSI), the parent company of the iconic Honda Activa, has signaled its intent to enter the electric scooter market. The company has showcased several electric scooter concepts at various auto shows, hinting at a potential launch in the near future.
Activa's transition to electric is expected to be a significant move, given its dominant position in the Indian scooter market. The brand's reputation for reliability and fuel efficiency could give it an edge over competitors in the EV space.
Top 5 FAQs Related to Electric Scooters in India
1. What are the benefits of electric scooters?
2. What is the range of electric scooters?
3. How long does it take to charge an electric scooter?
4. Are electric scooters safe?
5. What are the challenges facing the EV industry in India?
A consumer court in Delhi has ruled that Emami Limited, the makers of "Fair & Handsome" men's skin cream, must withdraw their misleading advertisements and pay a substantial fine of Rs 15 lakh. The court found that the product's packaging and advertising falsely promised customers visibly lighter skin within three weeks, leading to a misleading impression. The company has also been directed to pay Rs 50,000 as compensation to the complainant and another Rs 10,000 to cover the cost of litigation.
The Central Warehousing Corporation Limited (CWC) has released a notification for its Recruitment Drive 2024-25. This drive offers a total of 179 vacancies across different posts. Interested candidates can apply for these positions from 14 December 2024 to 12 January 2025 through the official website or with the help of Adda247. The detailed notification will be available soon, and the positions available include Management Trainees, Accountants, and specialized roles for specific regions.
In a move to accelerate its growth and expand its reach beyond metros and tier 1 cities, Max Life Insurance Co. Ltd. has officially changed its corporate name to Axis Max Life Insurance Ltd., after receiving approval from the registrar of companies. Along with the name change, the company has refreshed its brand identity and logo, incorporating Axis's 'A' and burgundy shade. This rebranding aims to combine the expertise and legacy of Max Life with the trust and familiarity of Axis, in order to create exceptional value for stakeholders and capitalize on new opportunities. With an enhanced distribution network and expanded partnerships, Axis Max Life is well-positioned for strategic expansion and value creation.
Giving negative feedback is a crucial skill for any good manager or team member, despite it being uncomfortable. Constructive criticism can serve as a driving force for personal and team development, and even inspire others to achieve more. However, it's important to deliver feedback in a balanced and mindful manner, as it can easily backfire if done incorrectly. By addressing the fear and discomfort around negative feedback and focusing on providing effective criticism, one can become a more effective leader and help their team thrive.
Mazagon Dock Shipbuilders, a leading PSU company in the shipping industry, has announced a corporate action for the first time in its trading history - a stock split. This move is expected to increase the company's outstanding shares and improve trading liquidity for its shareholders. With the government holding a majority stake, the minimum public shareholding requirement is still met and the company's stock has doubled investor wealth in 2024. Sign up for daily news and updates from Mazagon Dock Shipbuilders. Contact information available.
Elon Musk, the CEO of SpaceX and Tesla, has announced that the company's rocket launch site in South Texas will now be known as Starbase, an official city. The announcement was made on social media platform X and was followed by a letter sent to local officials requesting an election to incorporate the area. If approved, Starbase would become the newest city in Texas's Rio Grande Valley. This move comes after Musk relocated his personal residence and the headquarters of two of his companies from California to Texas in 2021. Despite facing criticism, Starbase has been an important location for SpaceX's operations, with over 3,400 employees and contractors working on the development and testing of Starship rockets for future missions to the Moon and Mars.
After completing construction and securing necessary permits, Cordish Co. is gearing up for the grand opening of its new resort in Louisiana. The resort will feature over 1,000 slot machines and plans to open its doors to the public in early 2025. As preparations continue, the company is also in the process of hiring 750 permanent employees. With the arrival of the slot machines onto the gaming floor, the project has reached another milestone towards its opening.
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Tech giant Meta (formerly known as Facebook) donates $1 million dollars to Trump's inaugural fund. This follows recent moves to mend the relationship between the two, including CEO Mark Zuckerberg's invitation to dinner with the president-elect and a gift of Ray-Ban smart glasses to Trump. This donation raises concerns about the influence of big tech companies on politics and the lengths they will go to maintain a good relationship with those in power. However, it is not uncommon for corporations to make donations to inauguration events in order to gain favor with the incoming administration.
After successfully raising Rs 2,400 crore from institutional investors, Vishal Mega Mart's IPO moves into its second day of bidding with a fully subscribed allocation for non-institutional investors. Despite a dynamic market environment, the hypermarket chain's IPO has generated significant interest with a minimum lot size of 190 shares for retail investors. The bidding window will close on Friday, December 13, with a price band of Rs 74-78 per equity share.