Ola Electric Share Price Today: Leadership Shakeup As CMO, CTO Resign Amid Expansion Plans

EV maker, Ola Electric Mobility will be a key stock to watch today as the company has recently announced changes in its leadership in senior management.

On Friday, the company announced that the  Chief Marketing Officer (CMO) Anshul Khandelwal and Chief Technology and Product Officer (CTO) Suvonil Chatterjee have tendered their resignations, effective December 27, 2024.

Senior Executives Resign At Ola Electric

‘we hereby inform you that, Mr. Anshul Khandelwal, Chief Marketing Officer, and Mr. Suvonil Chatterjee, Chief Technology and Product Officer, have tendered their resignation with effect from December 27, 2024,’ as stated in the exchange filing by the company.The company communicated this development to the National Stock Exchange ( NSE ) and BSE on Friday. Both executives cited personal reasons for their decisions to step down.

‘Resignation due to personal reasons,’ as mentioned by the company in the exchange filing.

Ola Electic Expansion plans 

This news comes at the time, when the EV maker has also made headlines about its expansion plans. The company recently said that they are expansion to 4,000 stores across India.

‘'Ola Electric, India’s largest pure-play EV company, today expanded its network to 4,000 stores nationwide, registering a four-fold increase from the existing network,’ as mentioned in the exchange filing.

In a filing with the exchange, Ola Electric highlighted that it had successfully launched 3,200+ new stores, making a massive leap in its retail network.

Following this news, on the last Thursday, the EV maker shares also surged 6%, hitting an intraday high of Rs 99.95 on the same day. 

Also Read: UltraTech Cement Share Price Target 2025: Aditya Birla Group Co On Buying Spree - Buy, Sell Or Hold? | Republic Business