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 volume
Notably, after months of decline in its registrations, the company’s EV registrations more than doubled to 9,496 units in March 2026 from 3,973 units in February
Taking this into consideration, ICRA said that the company’s management implemented corrective actions and service metrics improved “meaningfully” in 2026 and the…

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