Written By: Mobin
Talking about the settlement, Ola Electric has resolved its pending issue with Rosmerta Group. This is a big success for the company.
After this news, Ola's shares saw a gain of 4%. The stock opened at a strong level on BSE.
On Monday, Ola's shares closed at Rs 55.72, but after the settlement, they have increased.
Rosmerta Group provides a vehicle registration service. Their dispute with Ola has been resolved with Rosmerta Group.
Talking about the benefits, this settlement will make it easier for Ola Electric to focus on its business and increase investor confidence.
Talking about the future, Ola Electric is India's leading electric vehicle company and this agreement will prove to be helpful in its growth.
Ola Electric is the leader in the electric two-wheeler market in India and this settlement is going to benefit Ola Electric even more.