Ola Electric's Shares Plummet 16% to New All-Time Low

Synopsis

Ola Electric's shares faced a dramatic decline of 16% on Monday, marking a record low amid investor concerns over the company's growth prospects and a significant drop in market share in the electric two-wheeler industry. Discover what this means for the future of the company.

Key Takeaways

Ola Electric's shares fell 16% to a record low.

Concerns over growth prospects and market share persist.

The company registered 3,968 electric two-wheelers sold in February 2026.

Market share in the electric two-wheeler segment is now at 3.5% .

Trading activity remains high despite the stock's decline.

Mumbai, March 2 (NationPress) Shares of Ola Electric experienced significant selling pressure on Monday, plunging by as much as 16 percent as investors expressed concerns regarding the company’s growth trajectory and diminishing market share in the electric two-wheeler sector.

The stock of the company, led by Bhavish Aggarwal, fell by 15.9 percent on the BSE, reaching a record low of Rs 21.21 per share.

As of 3:10 PM, the shares were trading 4.4 percent lower at Rs 24.11 each, while the broader BSE Sensex experienced a decline of approximately 2 percent.

The company's current market capitalization stands at Rs 10,568 crore. Trading activity was robust, with nearly 7.65 million shares exchanged on the BSE during the day, close to its two-week average volume of 8.92 million shares.

This stock has faced ongoing pressure. Over the past month, shares of Ola Electric have decreased by more than 20 percent, and they have fallen nearly 56 percent over the past year.

In contrast, the Sensex has increased by about 8.9 percent during the same year-long period.

From its peak value of Rs 157.53 achieved on August 20, 2024, the stock has now plummeted by over 86 percent.

Ola Electric made its stock market debut on August 9, 2024, listing at Rs 76, which matched its IPO price.

Initially, the shares saw a rally post-listing, but they began to decline from October 2024 due to fears surrounding slowing electric vehicle sales, loss of market share, regulatory challenges, and deliveries that fell short of expectations.

Recent data has fueled investor concerns. As per the government’s Vahan portal, the company reported only 3,968 electric two-wheelers sold in February 2026, indicating a drastic 47 percent drop month-on-month from January.

The market share for the electric two-wheeler segment has dropped to just 3.5 percent for the month.

This decline in sales coincides with reports that the company intends to shrink its physical store presence to approximately 550 outlets by the end of March.

At its height, Ola Electric boasted around 4,000 offline retail outlets across India. By December 2025, the number of operational stores was reduced to about 700.

Point of View

It is crucial to highlight the pressing concerns surrounding Ola Electric's stock performance. With a notable drop in market share and declining sales, the company faces a challenging path ahead. Investors' apprehension reflects broader market sentiments about the electric vehicle sector, warranting close observation.

NationPress

12 May 2026

Frequently Asked Questions

What caused Ola Electric's shares to drop?

Ola Electric's shares dropped due to investor concerns over its growth outlook and declining market share in the electric two-wheeler segment.

How much have Ola Electric shares fallen in the past year?

Ola Electric shares have declined nearly 56 percent over the past year.

What was the peak value of Ola Electric shares?

The peak value of Ola Electric shares was Rs 157.53, reached on August 20, 2024.

How many electric two-wheelers did Ola Electric sell in February 2026?

Ola Electric registered only 3,968 electric two-wheelers sold in February 2026.

What is Ola Electric's current market share in the electric two-wheeler segment?