This influx of potentially available shares coincides with broader market anxieties, adding downward pressure on stock prices and raising questions about the continued strength of India's IPO market.
Chairman and Managing Director Bhavish Aggarwal said Ola Electric has also expanded its network to 4,000 stores, which will help improve service quality.
Ola Electric management reiterated that the new Gen 3 scooters, along with new product addition such as the electric bike and electric three-wheeler, will also be included in this target.