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Ola Electric, the electric vehicle manufacturer gearing up for its Initial Public Offering (IPO), has seen a substantial increase in its import costs from China during the fiscal year 2024 (FY24). The company's reliance on Chinese imports has grown significantly, with the cost of imported components rising to a staggering 37% of its total expenses. This revelation comes at a crucial time for Ola Electric, as the company prepares to enter the public market, and raises questions about its supply chain strategy and potential impact on its profitability.
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