Ola Electric Mobility shares rise 5% as company expands to 4000 stores in India

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Ola Electric Mobility's share price rose 5% as the company announced an expansion of its store network to 4,000 locations. This marks a four-fold increase from its previous count, adding over 3,200 new stores. The expansion includes locations in smaller towns and tehsils, broadening access to electric vehicles across India. This move aims to increase EV penetration beyond major cities. Additionally, Ola Electric has opened priority registrations for its MoveOS 5 beta, featuring new navigation tools. The company is also offering discounts of up to ₹25,000 on its S1 portfolio.


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Ola Electric Mobility shares rise 5% as company expands to 4000 stores in India | News Minimalist