StartupTalky

Tag: #news

  • The Chinese PLA Employs “DeepSeek” at its Military Hospitals

    China’s People’s Liberation Army (PLA) has begun utilising the recently launched Chinese AI tool “DeepSeek” for non-combat support tasks, particularly at military hospitals, to help the doctors create treatment plans in addition to other civilian areas. As per a Chinese media house based in Hong Kong, it stated on 23 March that the PLA hospitals, the People’s Armed Police (PAP), and national defence mobilisation institutions are using DeepSeek’s open-source large language models (LLMs). According to the Post, the PLA Central Theatre Command’s main hospital declared earlier this month that it had approved the “embedded deployment” of DeepSeek’s R1-70B LLM, stating that it could offer treatment plan recommendations to assist physicians. Noting that all data was processed and stored on local servers, the hospital also placed a strong emphasis on patient privacy and data security.

    Nationwide Deployment

    Similar deployments have been observed in other PLA hospitals across the country, such as Beijing’s prestigious PLA General Hospital, popularly referred to as “301 Hospital”, where extremely sensitive personal data is allegedly housed and prominent Chinese leaders and military officers receive treatment. The PLA, which is making significant investments in modernisation, previously warned its military forces against relying too much on AI, stating that since AI lacks the capacity for self-awareness, it should only be used as a guide rather than a substitute for human judgement in combat. As AI develops, it must continue to be a tool informed by human judgement, according to a January article in the Chinese military’s official media house, guaranteeing that responsibility, innovation, and strategic flexibility stay at the centre of military decision-making. Additionally, it said that in order to maximise command efficacy, AI must complement human decision-makers rather than take the place of them.

    DeepSeek’s Low Cost Model Attracting Global Eyeballs

    China is enthralled with DeepSeek’s most recent AI product, which has garnered international notice due to its affordable pricing structure. Furthermore, compared to well-known AI models like ChatGPT, DeepSeek’s R1 consumed a fraction of the processing power. Additionally, the US tech industry, which has long defended spending billions of dollars on AI, watched in shock when DeepSeek surpassed ChatGPT as the most popular free software on Apple’s App Appstore. Analysts anticipate that the AI models will soon be used in Chinese military decision-making and combat intelligence surveillance. China is encouraging AI integration in a variety of sectors, such as healthcare, manufacturing, and urban development, in addition to treatment programmes in military hospitals. Additionally, certain Chinese government organisations are increasingly using DeepSeek models, notably for anti-corruption initiatives. On its official media account, the Hainan paramilitary force’s political work department provided an example of how soldiers used DeepSeek to manage their anxiety and develop an exercise schedule. Before moving into more delicate, high-risk locations, the PLA may attempt to resolve operational and technical issues by first deploying LLMs in non-combat settings, Bresnick told the Post.

  • Boeing Fires 180 Workers in Bengaluru

    As part of a global staff reduction initiative, American aircraft manufacturer Boeing sacked over 180 workers at its engineering technology centre in Bengaluru, Karnataka, according to a media agency. India is a significant market for Boeing, where the corporation employs about 7,000 people. Up to 180 employees at the Boeing India Engineering Technology Centre in Bengaluru were let go in the December quarter of 2024. Boeing did not issue a formal statement till now.

    No Negative Effect on Activities

    According to the agency’s assessment, strategic changes were made that affected a small number of personnel without having a negative effect on government operations or customers. According to the report, some jobs were eliminated and some new ones were added. Reductions in India were more measured and clearly focused on upholding safety, quality, and customer service requirements. Complex, cutting-edge aerospace work is done at the Boeing India Engineering & Technology Centre (BIETC) in Bengaluru and Chennai. One of the company’s biggest investments outside of the United States is its engineering and technology campus in Bengaluru, which it owns entirely. According to its website, Boeing sources over $1.25 billion a year from a network of over 300 suppliers in India.

    According to the company’s website, Boeing still sources about $1.25 billion a year from a network of more than 300 suppliers in India, making it a significant market. Complex and cutting-edge aircraft engineering work is handled by BIETC’s Bengaluru and Chennai locations. One of Boeing’s biggest investments outside of the US is its engineering and technology campus in Bengaluru, which it owns entirely.

    India’s Civil Aviation Sector

    The International Air Transport Association (IATA) predicts that by 2030, India will surpass China and the United States as the world’s third-largest air passenger market. Additionally, according to the India Brand Equity Foundation (IBEF), a division of the Department of Commerce, Ministry of Commerce and Industry, the number of aircraft operating in the sector has increased due to the growing demand in the industry. By 2027, it is anticipated that there will be 1,100 aircraft. There were 196.91 million passengers (including domestic and international) in FY25 (till September 2024). In FY25 (as of June 2024), Indian airports reported 81 million domestic passengers, a 5.6% YoY increase, and 18.54 million overseas passengers, a 14.2% YoY increase, compared to the same period the previous year.

    In FY24, Indian airports reported that domestic passenger traffic was 306.79 million, up 13.5% year-over-year, while foreign passenger traffic was 69.64 million, up 22.3% year-over-year. Comparing April-September 2024 to the same period the year before, domestic passenger traffic increased by 7.4% to 160 million, while foreign passenger traffic increased by 11.2% to 36.96 million. ICRA stated on December 19, 2023, that revenue growth for the Indian aviation sector is expected to be 15-20% in FY24 and 10-15% in FY25.

  • Morgan Stanley and Two Other Bankers are Chosen by Meesho as IPO Plans are Fully Underway

    E-commerce giant Meesho is reportedly stepping up its efforts to go public later this year and intends to raise $1 billion through an initial public offering (IPO). According to a media report, the company has already selected Morgan Stanley, Kotak Mahindra Capital, and Citi as advisers for its initial public offering (IPO). Although Meesho wants to fund $1 billion, bankers have offered a $10 billion valuation. According to the media source, if negotiations are successful, even JP Morgan is probably going to be included in the IPO syndicate. Meesho will file its draft filings during the next few weeks, according to a number of media reports.

    Recent Financial Developments of Meesho

    Nearly two months have passed since the online shopping giant raised an additional $250 million to $270 million from investors Tiger Global, Think Investments, and Mars Growth Capital, bringing the total amount of its investment round to roughly $550 million. As per the media reports, the deal would have valued Meesho at roughly $3.9–4 billion, a 20% drop from its previous estimate of $4.9 billion. Meesho’s backer Prosus first disclosed that Meesho is one of the possible companies to be listed on the bourses in 18 months in its investor presentation of H1 FY25 in December of last year. According to reports, the business has also applied to the National Company Law Tribunal (NCLT) in Bengaluru to move its headquarters to its Indian subsidiary, Fashnear Technologies. This will pave the way for its future intentions to go public on the stock exchanges.

    Meesho to Migrate from US to India

    Before moving forward with the IPO proposal, Meesho must first relocate its headquarters from Delaware, in the United States, to India. The procedure is well underway, and Meesho is expected to pay about $300 million in taxes related to the reverse merger. As businesses develop ambitious growth plans that will reward new investors, Meesho will then join a list of expanding Indian startups like PhysicsWallah (PW), Ather, and Lenskart that are vying for a valuation that is much higher than what they were able to secure during their private market fundraises. In order to leave some value for potential new investors, both retail and institutional, some new-age companies, like Ola Electric, MobiKwik, and Firstcry, went public at a valuation lower than what they had originally determined or at a discount when compared to their most recent private market fundraising.

    Even though Meesho entered the e-commerce market late in 2015, it has expanded in size and scope and enhanced its profitability profile in spite of facing off against well-funded competitors like Amazon and Walmart’s Flipkart. Although Flipkart leads the Indian e-commerce business, Meesho has become well-known and significantly increased its market share over time by concentrating on Tier 3 and beyond locations or consumers who are cost-conscious. Revenues for the company rose from INR 3,240 crore in FY22 to INR 5,735 crore in FY23 and then to INR 7,615 crore in FY24. In FY24, the net loss decreased from INR 3,248 crore in FY22 to INR 305 crore.

  • Amazon Deploys a Smart Move, Cuts Seller Fee to Attract More Shoppers

    Amazon has applied a smart move to attract more shoppers on to its platform. The e-commerce giant has been cutting a number of seller fees, which should result in lower product prices, so shopping there might be less expensive. Because the firm is eliminating referral fees and commissions paid to sellers for products in a variety of categories priced under INR 300, shoppers with lower budgets stand to gain the most. For every product sold, sellers on e-commerce sites like Amazon and Flipkart are required to pay a commission to the platforms.

    Main Focus is on Middle Class

    According to Amit Nanda, director of selling partner services at Amazon India, a significant portion of households’ consumption baskets are made up of goods priced around INR 300. Some price reductions can allow the middle class, which has been worst hit by high inflation, to spend a little more. Speaking to a well-known media outlet, Nanda said that Amazon’s trial with lowering seller fees in September of last year was a great success. The company recently took it to the next level. More companies will be able to join Amazon, increasing sales for the present group of sellers who may decide to share part of the gains with their customers.

    Slashing the Shipping Fees

    In addition to lowering weight handling fees somewhat, Amazon has also reduced shipping costs (which apply to all products) for all sellers, reducing them down from INR 77 to INR 65 (beginning rate). The company anticipates that the modifications, which take effect on April 7, will strengthen the network of sellers on the site. According to analysts, rapid commerce, which has already swept a sizable portion of the food sector from e-commerce and is now spreading to other categories, is a contributing factor in the move. According to market experts, variety and cost are now the only ways Amazon can compete with rapid commerce. It is attempting to maintain and expand its seller base, for whom the fast commerce channel is increasingly crucial, by altering rates and providing more advantages to smaller sellers. Amazon has introduced its own fast commerce service, but it is now only available in some areas of Bengaluru. Additionally, the company has been slow to enter the fast delivery industry, which is dominated by Zepto, Swiggy, Instamart, and Blinkit from Zomato. According to Amazon, this is the biggest seller fee cut ever made in India.

    Rapid Commerce Conflict

    The rapid commerce industry has evolved into a high-cash-burn sector, with companies allocating billions towards expansion and client acquisition. Industry estimates indicate that the aggregate monthly cash burn of rapid commerce entities, including new entrants, ranges between INR 1,300 and 1,500 crore—more than double in recent months.

    Despite nearing operational breakeven in Q2 FY25, Blinkit’s losses escalated in Q3 FY25, with operating losses rising to INR 103 crore from INR 8 crore in the preceding quarter. Swiggy reported a net loss of INR 799 crore, while Instamart had an adjusted EBITDA loss of INR 578 crore in Q3, compared to INR 358 crore in Q2. Zomato’s ability to continue investing in Blinkit stems from its financial stability. In November 2024, Zomato secured INR 8,500 crore in a qualified institutional placement (QIP) to enhance its balance sheet and finance its rapid commerce operations. As of December 31, 2024, Zomato possessed cash reserves amounting to INR 19,235 crore, providing adequate liquidity to support Blinkit’s expansion.

  • IT Minister Says India will have Its Own Web Browser

    Under the Aatmanirbhar Bharat project, the Ministry of Electronics and Information Technology (MeitY) initiated a bold challenge to create an indigenous web browser, marking a revolutionary step towards technical independence. The Centre for Development of Advanced Computing (C-DAC), located in Bangalore, carried out this project with the goal of encouraging innovation and strengthening digital independence. India’s IT industry, which brings in over USD 282 billion annually, is turning its attention to producing hardware and software domestically. Ashwini Vaishnaw, the Union Minister of Electronics and Information Technology, revealed the Indian Web Browser Development Challenge (IWBDC) winners. At a MeitY-hosted event on March 20, 2025, he highlighted his great delight in the attendees’ amazing inventions, exceptional inventiveness, and experience, as well as their tremendous progress in creating a dependable web browser that is suited to Indian demands. The advancements are a step towards empowering India’s digital future and achieving the goal of Atmanirbhar Bharat.

    Government Aims to Transform India into Product Nation

    In his remarks, Ashwini Vaishnaw highlighted the Government of India’s overarching goal of turning India from a service nation into a “product nation” that is self-sufficient in hardware, software, and technology. In keeping with this goal, IWBDC was established to create an indigenous web browser, and companies, students, and researchers eagerly participated in order to help India become more digitally independent. In order to facilitate the broad adoption of domestic digital solutions and to incentivise startups and industry to create competitive, secure, and scalable technologies that support India’s self-reliance, the Minister also emphasised the necessity of quickening the transition from innovation to large-scale productisation. Web browsing, email, eOffice, and online transactions are all made possible by the web browser, which acts as the main gateway to the internet.

    Benefits of Browsing on Indigenous Browser

    There are numerous benefits to using an Indian-made browser. First of all, it guarantees improved data security by keeping user data inside the nation’s boundaries, which promotes more control over private data. Second, it adheres to the strictest data security guidelines and protects privacy by complying with India’s Data Protection Act. Furthermore, any data produced by Indian nationals would stay in India, strengthening the nation’s digital sovereignty. Additionally, the browser will work with all of the major operating systems, such as Windows, iOS, and Android, guaranteeing widespread accessibility and device use. Speaking to the attendees, the Minister stated that the construction of India’s own web browser is a major first step in building an entire Indian digital stack. With Team PING, a startup, placing first runner-up and Team Ajna, another company, placing second runner-up, Zoho Corporation emerged victorious.

  • Vayu, from Tata Communications, Transforms the Cloud Fabric in Intelligence Enterprise

    In an effort to help businesses manage their IT infrastructure, Tata Communications announced the launch of Tata Communications Vayu, a new cloud platform. The platform’s goals are to lower expenses, streamline Cloud usage, and meet the increasing need for AI-powered solutions. Infrastructure, software platforms, artificial intelligence tools, security, and connectivity are just a few of the services that are integrated into a unified system by the cloud fabric. The company claims that this integration lowers operating costs and helps companies avoid the hassle of managing several vendors. With no extra fees for data transfers, the platform promises to save up to 30% on costs when compared to conventional cloud alternatives. According to A.S. Lakshminarayanan, Managing Director and CEO of Tata Communications, enterprise Cloud and AI solutions that strike a balance between cost, performance, and sustainability are more important than ever as the digital era speeds up. Tata Communications Vayu is more than just a product; it will pave the path for companies to innovate, integrate, and simplify their operations.

    Other Features of Vayu

    Features like on-demand access to high-performance computing resources—which are crucial for the development of AI—are included in the platform.  Additionally, it offers resources for training, optimising, and implementing AI models. The software also provides automation solutions to decrease manual intervention and optimise workflows. The Tata Communications’ Vayu represents a revolutionary change, according to Bhaskar Gorti, Executive Vice President of Cloud and Cybersecurity Services at Tata Communications. “Our most recent product marks the start of a new era in cloud innovation, one in which technology no longer acts as a barrier but rather as an enabler of seemingly endless possibilities. Today’s enterprises want more than just basic cloud services,” he said. The platform is made to help companies in a variety of industries, such as retail, financial services, and government.  It guarantees that data may be easily accessed across various contexts, including cloud servers, edge devices, and on-premises systems, all the while preserving security and adhering to laws like the Digital Personal Data Protection (DPDP) Rules 2025. Tata Communications also emphasised plans to implement cutting-edge cooling technology and energy-efficient data centres as ways to lessen their influence on the environment.

    What makes Vayu Unique?

    With serverless computing, auto-scaling, and managed databases, Tata Communications Vayu’s PaaS services streamline the implementation of applications. Model training and deployment are made easier by its AI/ML platform, and workflows are automated by integrated DevOps tools, microservices, and API management, allowing businesses to develop quickly without worrying about infrastructure administration. It provides a completely integrated cloud environment that includes security, storage, computation, AI, and cloud connectivity.  In order to balance public, private, and on-premises installations, Tata Communications has worked with businesses to create custom cloud plans. The services include retail, financial, and government services. The business makes sure that cloud infrastructure satisfies long-term growth goals and industry-specific criteria.

  • Zomato Receives Regulatory Approval to Change its Name to Eternal Ltd.

    Zomato, a food delivery service founded by Deepinder Goyal, reported that the Ministry of Corporate Affairs (MCA) had approved the company’s name change to Eternal Limited, which would take effect on March 20, 2025.  In a regulatory filing, Zomato stated that the company’s name would be changed to “Eternal Limited” as of March 20, 2025, and that the company’s articles of association and memorandum would also be modified to reflect the name change.  This comes after an update earlier this month in which the Gurugram-based company’s shareholders requested their approval to rename its parent company Eternal Ltd.

    Deepinder Goyal, the founder and CEO of Zomato, wrote to shareholders last month to inform them that the company’s board had authorised the move, and he requested their support.  The corporate website of the brand will change from zomato.com to eternal.com if and when it is approved.  “We will also change our stock ticker,” he stated.  Additionally, he explained that the choice to publicly rename the business was consistent with Blinkit emerging as a key force in its future.

    From Foodiebay to Zomato to Eternal

    This is the second time the corporation has changed its name.  Established in 2008 under the identity of Foodiebay, it changed its name to Zomato in 2010.  With Blinkit (rapid commerce), Hyperpure (B2B food supply), and District (dining and events) as important pillars of its varied business strategy, the move demonstrates the company’s growth beyond food delivery.  According to a media report, Zomato will change its stock ticker from ZOMATO to ETERNAL as part of this transition, as well as move its corporate website from zomato.com to eternal.com.  On March 5, Goyal outlined the top priorities for each of the four companies under Eternal in an interview with a major media outlet.

    Approval Aligns with Zomato’s Special Resolution

    The permission comes after Zomato’s shareholders approved a special resolution via postal ballot on March 10, 2025.  The business made it clear that the name change only pertains to the corporate entity and has no bearing on the identification of its app or brand.  The modification is a component of a larger plan to adapt to the changing business interests of the organisation. The management started using the brand name ‘Eternal’ internally after acquiring Blinkit, Goyal said, to distinguish the company from the Blinkit app/brand.  On February 6, 2025, Zomato’s board of directors first authorised the decision, pending shareholder and regulatory approval.

  • SAP Introduces Jule, AI Agent that Facilitates Autonomous Data Input

    By automating the input of client data into the cloud, SAP’s newest AI-powered agent, Jule, is poised to revolutionise company operations.  Jule enables AI agents to cooperate like human teams for the best outcomes, and it is designed to function smoothly across departments like finance and human resources.  SAP will finish developing Korean language support for Jule by the end of March 2025, and the company will formally debut the service for Korean customers in April.  This year, SAP wants to use Jule to increase operational efficiency by 30–40%.  These updates were provided by SAP CEO Christian Klein at the March 20 “Business Unleashed” news conference held at Seoul’s The Shilla Hotel.  According to Klein, SAP has more than 20 years of experience in the field and a lot of high-quality data.  With 800 million users throughout the globe, SAP has a clear understanding of the types of AI that our clients desire.

    Other Features of Jule and SAP’s Expansion of Operations

    Klein also emphasised how AI may cut down on work hours by automating tasks that developers had to manually complete in the past. He went on to say that data-driven high-performance AI can drastically cut down on labour hours by replacing manual operations that developers once had to complete. Effective resource allocation and lower staff turnover rates are made possible by the use of Jule in a variety of domains, including supply chain management, finance, and human resources. By April, SAP also intends to grow its domestic data centre activities. In 2021, the business constructed its first data centre in Korea, and it is currently investing further to fortify its cloud infrastructure. Klein underlined that the company will keep spending money on its data centres. The objective is to continuously grow the infrastructure in order to increase the range of choices available to clients that want to use cloud services.

    About SAP

    SAP, the world leader in business software, was founded in Germany in 1972 and provides supply chain management (SCM), customer relationship management (CRM), and enterprise resource planning (ERP) solutions.  With more than 26,000 clients globally, the company collaborates with leading cloud providers like Google, Microsoft, and Amazon Web Services (AWS).  SAP already collaborates with LG Electronics and other significant companies in South Korea.  SAP and Databricks signed a $650 million contract last month to create a cloud data analytics service.  “We intend to aggressively pursue companies that have not yet made the move to the cloud,” Klein said.  SAP is actively working to strengthen its position in the Korean and international markets with the launch of Jule, ongoing investments in data centres, and new cloud products.

  • Hero MotoCorp Invests INR 525 Crore in Euler Motors, Acquires 32.5% Stake

    Hero MotoCorp, India’s largest two-wheeler maker, is making a major move into the electric vehicle (EV) space. The company has announced an investment of INR 525 crore (over $60 million) in Euler Motors, an electric three-wheeler startup. With this investment, Hero will acquire a 32.5% stake in Euler Motors. This marks Hero’s entry into the fast-growing electric three-wheeler market.

    Hero MotoCorp’s Investment in Euler Motors

    Hero MotoCorp will invest in phases, with the transaction expected to be completed by April 2025. The deal includes a mix of new investment into Euler Motors and share purchases from existing investors. This is Hero MotoCorp’s second major move in the EV space, following a 40% stake in Ather Energy earlier this year.

    This investment allows Hero MotoCorp to expand beyond two-wheelers and enter the commercial EV space. Pawan Munjal, Executive Chairman of Hero MotoCorp, stated that the move aligns with the company’s vision for sustainable mobility and exploring new business opportunities.

    Euler Motors and Its Market Position

    Founded in 2018, Euler Motors focuses on electric three-wheelers for cargo transport. The company’s flagship model, HiLoad EV, is one of the most powerful in its segment. It offers a range of 170 km on a single charge. Euler Motors operates in over 30 cities across India and recently expanded into the electric four-wheeler space.

    The company has seen rapid growth. For the fiscal year ending in March 2024, Euler Motors’ operating revenue increased 3X to INR 189 crore in FY24 from INR 62 crore in the previous fiscal year. This growth reflects the rising demand for electric commercial vehicles.

    Euler Motors faces competition from established players such as Mahindra Last Mile Mobility, YC Electric Vehicles, and Saera Electric Auto. However, with Hero MotoCorp’s backing, it could strengthen its market presence and scale operations further.

    Why This Move Matters for Hero MotoCorp

    The Indian electric three-wheeler market is expanding fast. Industry reports suggest that EVs could soon account for 35% of total sales in this category. Rising fuel costs and government incentives are driving adoption among businesses and fleet operators.

    By investing in Euler Motors, Hero MotoCorp secures a strategic foothold in this growing market. The move helps the company diversify beyond two-wheelers and tap into a high-potential segment.

    As India pushes for cleaner mobility solutions, Hero MotoCorp is positioning itself as a leader in the country’s EV transformation. This investment signals the company’s commitment to new-age mobility solutions and strengthens its presence in the evolving EV ecosystem.

    Hero MotoCorp – Founders, Business Model, Revenue Model and More
    Hero MotoCorp is one of the leading two-wheeler manufacturers in India founded by Brijmohan Lall Munjal. Look at its business model and more.
    StartupTalkyShalini Rath

  • Ola Electric Explains Temporary Registration Backlog Cause for the February Sales Disparities

    In response to recent media coverage of their February 2025 sales numbers, Ola Electric denied any regulatory concerns and provided explanation on what it refers to as a temporary registration bottleneck. The company stated in a statement issued on March 21 that it is working to alleviate the backlog that resulted in disparities in vehicle registration data and that sales are still high. Ola claims that this backlog is being cleared up and that it was not brought on by any internal operational problems. The company’s daily registration numbers have now surpassed 50% of its typical daily revenues over the last three months. According to the most recent information, 40% of the backlog from February has already been cleared, and Ola Electric anticipates that the problem will be fixed completely by the end of March 2025.

    Ola Claims Current Situation has been Misrepresented

    Additionally, Ola Electric claimed that some “vested interests” and media outlets had distorted the situation as a regulatory matter.  In a press release, the company defined the backlash as a “coordinated effort to create confusion and trigger unnecessary scrutiny.”  This escalated after the company terminated contracts with two nationwide vendors that were in charge of its registration process as part of Ola Electric’s strategy to streamline operations and drive profitability.  The business reaffirmed its dedication to effectively clearing the backlog and upholding openness with clients and authorities.

    Tough Time for Ola Electric

    According to a media agency, Ola Electric Mobility Ltd., under the leadership of Bhavish Aggarwal, is laying off over 1,000 staff and contract workers in an attempt to reduce the company’s growing losses. As the electric two-wheeler (2W) manufacturer goes through a significant reorganisation, the employment cutbacks impact several departments, including procurement, fulfilment, customer relations, and charging infrastructure. In less than five months, this is the company’s second round of layoffs. About 500 workers were let go by Ola Electric in November 2024, and the most recent round of layoffs represents more than 25% of the company’s 4,000-person employment as of March 2024. However, since they are not included in the company’s formal disclosures, contract workers are not included in this statistic.

    A representative for the company told the media outlet that Ola had automated front-end processes to boost customer satisfaction, cut expenses, and increase margins while removing unnecessary positions to increase efficiency. They did not; however, state how many employees were impacted. The layoffs occur as Ola Electric, which is supported by SoftBank, faces several difficulties. In the December 2024 quarter, the company’s net loss increased to INR 564 crore from INR 376 crore in the same period the year before. The business has also had to contend with increasing competition, which has caused it to lose its top spot as India’s largest seller of electric scooters. According to government data from December 2024, TVS Motor Co. and Bajaj Auto Ltd. both surpassed Ola Electric as the market leaders. Ola Electric argues that it is still a major player in spite of these failures. The business recorded sales of more than 25,000 units in February 2025, gaining a 28% market share. Aggarwal had set a monthly sales goal of 50,000 units to reach breakeven in earnings before interest, tax, depreciation, and amortisation (EBITDA), but this is well below that amount.