Update | March 2, 19:57 IST

Shares of Ola Electric recouped some of the losses to end today’s trading session 4.56% lower at ₹24.07 on the BSE. The company’s market capitalisation stood at ₹10,616.87 Cr (about $1.16 Bn) at the time. 

Meanwhile, BSE Sensex ended 1.29% lower at 80,238.85 and Nifty 50 closed down 1.24% at 24,865.70.

Original | March 2, 15:17IST

Shares of Ola Electric slumped 15.90% during the intraday trading today to touch an all-time low at ₹21.21 on the BSE amid a near 50% decline in its two-wheeler EV (E2W) registrations in February.

The stock recouped some of the losses and was trading 4.68% lower at ₹24.04 on the BSE at 14:55 IST. The company’s market capitalisation stood at ₹10,604 Cr (about $1.16 Bn) at the time. At its peak, the company’s market capitalisation stood at around ₹69,000 Cr (about $7.5 Bn) in August 2024. 

The stock has been under pressure for more than a year now amid declining E2W sales and high losses. Last month, the company’s E2W registrations declined more than 47% to 3,968 units from 7,531 units in January. It slipped to the sixth position in terms of market share in the E2W market.

In 2025, its EV sales slumped 51% to 1.99 Lakh units from 4.07 Lakh units in 2024. 

The company has been grappling with complaints related to after-sales service as well as regulatory scrutiny. The Central Consumer Protection Authority (CCPA) is also probing the company after receiving over 10,000 complaints related to service delays, refund disputes, and alleged misleading advertisements.

Recently, a bailable arrest warrant was issued against the company’s founder and CEO Bhavish Aggarwal after he failed to show up for a scheduled hearing at the District Consumer Disputes Redressal Commission of South Goa over a missing escooter that was submitted to a service centre in the state. Later, the Bombay High Court at Goa stayed the arrest warrant, observing that the Commission exceeded its jurisdiction in issuing the warrant.” 

Amid the decline in sales, the company is now looking to diversify its revenue base with the sales of ‘Ola Shakti’, its battery energy storage system. While it has been able to narrow its net losses in the past few quarters, slump in its revenue continues to be a concern for investors.

In Q3 FY26, Ola Electric’s net loss fell 14% to ₹487 Cr from ₹564 Cr in the year-ago quarter. However, loss increased 17% from ₹418 Cr sequentially. Revenue revenue plunged 55% YoY and 32% QoQ to ₹470 Cr.

It is also pertinent to note that the decline in its shares today came amid a bloodbath in the broader Indian equities market on the widening conflict in the Middle East following joint strikes by the US and Israel which killed Iran’s supreme leader Ayatollah Ali Khamenei. 

The events have raised concerns over oil supply disruptions through the Strait of Hormuz, making investors bearish. At 15:10 IST, BSE Sensex was down 1.33% at 80,203 and Nifty 50 was down 1.27% at 24,858.

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