Not sure what company is trying to tell but I remember watching on CNBC that Ola electric has filed for IPO and it is demanding valuation around 60000 Cr. This is for loss making entity. I guess that’s why all auto stock has run up in the recent past. If someone is viewing Ola as disruptive then we also need to take into consideration that existing companies are catching up fast with sales of their electric vehicle. It is also interesting that ahead of IPO, Ola has given huge discount and bumped up its sales figure.
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