Ola Electric Shares Crash By 7.71 Per Cent After ₹731 crore Block Deal

Ola Electric shares took a massive hit after a block deal was executed earlier this day. Based on a block deal which was executed involving 14.22 crore shares of the electric two-wheeler brand were offloaded for ₹731 crore. According to market sources, the above shares were off-loaded by the Hyundai Motor Company, however the Korean giant hasn’t confirmed the same. While the Ola Electric stock opened at ₹52 and ended the day at just ₹49.54 thereby witnessing a 7.71 per cent drop in a single session. 

The above drop in share prices comes in the background of Ola Electric losing more than 41 per cent of its value since January, 2025 and the share price is now at one-third of its record high of ₹157.40. The company also recently announced that its net losses doubled to ₹870 crore, while its revenue fell by a massive 62 per cent as vehicle registrations dropped by 52 per cent. 

Apart from dwindling sales and falling share prices, Ola Electric has also come under the scrutiny of Securities and Exchange Board of India (SEBI) for irregularity in its sales reporting. However all is not bad for the company as it reported 3,59,221 unit sales in FY25 as compared to 3,29,549 units sold in FY24. The bulk of the sales was contributed by the Ola S1 X, going forward it has plans to start deliveries of the Ola Roadster X range of electric motorcycles, which too has been delayed a lot. Whether these new products will help salvage its position in the Indian EV market remains to be seen as legacy brands such as TVS and Bajaj  have started to take charge.