New Delhi: As it continues to struggle on various fronts amid job cuts, Ola Electric Mobility has now failed to kick off cell manufacturing at its Gigafactory on time. According to a stock exchange filing by the company, We would like to inform you that we are in receipt of a letter dated 3 March 2025 from IFCI Ltd. Subject Non-Achievement of Milestone-1 according to Schedule M of the Programme Agreement dated 28 July 2022. The company is actively engaged with the relevant authorities in
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