MUMBAI — Shares of Ola Electric tumbled as much as 16 percent on Monday, hitting a record low as investors reacted to concerns over slowing sales and shrinking market share in the electric two-wheeler segment.
The stock of the Bhavish Aggarwal-led company fell 15.9 percent on the BSE to an all-time low of Rs 21.21 per share. By 3:10 p.m., it had pared some losses but was still trading 4.4 percent lower at Rs 24.11 apiece, even as the broader Sensex was down about 2 percent.
Ola Electric’s market capitalization stands at Rs 10,568 crore. Trading volumes were elevated, with nearly 7.65 million shares changing hands on the BSE during the session, close to its two-week average of 8.92 million shares.
The stock has been under sustained pressure in recent months. Over the past month, shares have declined more than 20 percent, while the one-year drop now stands at nearly 56 percent. In comparison, the Sensex has gained around 8.9 percent over the same one-year period.
From its record high of Rs 157.53 on Aug. 20, 2024, the stock has plunged more than 86 percent.
Ola Electric debuted on the stock market on Aug. 9, 2024, listing at Rs 76 — the same as its initial public offering price. Although the shares initially rallied after listing, they began sliding from October 2024 amid concerns about slowing electric vehicle sales, declining market share, regulatory scrutiny and weaker-than-expected deliveries.
Recent data has intensified investor concerns. According to figures from the government’s Vahan portal, the company registered only 3,968 electric two-wheelers in February 2026, representing a sharp 47 percent month-on-month decline from January. Its market share in the segment fell to 3.5 percent for the month.
The sales slowdown comes amid reports that the company plans to reduce its physical retail footprint to around 550 outlets by the end of March. At its peak, Ola Electric operated roughly 4,000 offline retail outlets nationwide. By December 2025, the company had already reduced the number of operational stores to about 700. (Source: IANS)
