Ola Electric Stocks Plummet Massively, Share Price Hits All-Time Low

Ola Electric Mobility’s stocks slumped by 6.1% in trade yesterday after the brand’s per share price reached ₹43.20. This was an all-time low value in the 52-week period since the brand went public last August. The IPO price was set at ₹76 per share, and it was listed at a premium of ₹91.20 per share.

As per data compiled by Bloomberg, stocks were already under pressure after 0.8% equity changed hands in multiple blocks without the buyers and sellers being made aware of the transaction. Additionally, the latest share plummet comes amidst increased losses. In Q4 FY25, Ola Electric registered a loss of ₹870 crore, compared to ₹416 crore a year ago. Due to this, revenue from operations also declined by 59.5% to ₹611 crore in Q4 FY25. 

(Also Read: Ola Electric Incurs Net Loss Of ₹564 Crore Due To Service-Related Issues)

While Ola Electric's rate of growth has declined, its year-on-year business has increased. In FY25, Ola Electric’s gross margins improved by 38% by delivering 3,59,221 units until April 2026, which was 9% more than the 3,29,549 units it retailed in FY24. Henceforth, even though Ola Electric has lost the No.1 position to TVS, which is selling more electric scooters per month, it still maintains its leadership position above the likes of Ather Energy and Hero MotoCorp. 

(Also Read: Ola Roadster Electric Bike Production Commences)

However, Ola Electric’s ongoing challenges with regard to poor customer support and unreliable service stations have created quite a dent in the brand’s image. These incidents are now taking a toll on its sales as well. With several new players like Ather Energy, Ultraviolette Automotive, and Hero Vida ramping up their efforts to further their sales reach, Ola Electric might soon find itself tumbling down the EV sales chart of the country. Unless, it doesn’t make any drastic changes to its current portfolio, or make efforts to change the way it is conducting business in the country.