MAM
OPG Mobility appoints Maharana Ray as president & chief growth officer
MUMBAI: OPG Mobility (formerly Okaya EV), announced the appointment of Maharana Ray as president & Chief Growth Officer (CGO). In his new role, he will lead the company’s EV business including the Ferrato and OTTOOPG brands while driving expansion, market development, brand building, and strategic business alliances within the Indian electric mobility value chain.
A distinguished leader with over two decades in the auto, electric mobility, and energy sectors, Maharana is known for his excellence in driving business expansion, forging strategic alliances, and growing operations. He most recently served as vice president at Chetak Electric (Bajaj Auto), spearheading the network development, strategic planning, and customer experience initiatives, successfully expanding the brand’s pan-India footprint.
Maharana’s career spans both international and domestic markets, with hands-on experience in 16 countries. His expertise covers Sales, Service, Spares, Channel Management, and HR, making him a well-rounded professional equipped to deliver holistic business growth and operational excellence. He is an alumnus of Symbiosis Institute of Business Management, Pune, and has been a member of the Achiever’s Club at Symbiosis. His strategic leadership skills have been further complemented by training at IIM Ahmedabad.
Commenting on the appointment, Anshul Gupta, co-founder, OPG Mobility said, “We are delighted to welcome Maharana Ray to our leadership team. As OPG Mobility enters into its next phase of expansion, his leadership and extensive experience in the mobility and energy segments will be critical to accelerating our business. His vision and emphasis on execution fit well with our overall strategy for the electric vehicle businesses.”
Talking about his new role at OPG Mobility, Maharana Ray expressed, “As one of India’s fastest growing electric mobility solution providers, I am excited to join OPG Mobility and Power Pvt. Ltd. The company’s mission to develop inclusive, reliable, and sustainable electric mobility solutions that truly shape the future of transportation deeply resonates with me, and I look forward to collaborating with the leadership to explore new avenues for growth, scale operations, and strengthen our presence across India and international markets. We will strive together to build a future where OPG Mobility is a trusted partner in India’s and the world’s EV journey.”
Brands
Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
