Ola Electric Share Price Falls as SoftBank Sells 2.15% Stake, Reduces Holding to 15.68%

Japan's tech investment giant SoftBank Group has slightly reduced its ownership in Ola Electric, the Indian electric scooter company. Over the past two months, SoftBank sold about 2.15% of its stake in the company, bringing its total holding down from 17.83% to 15.68%, as revealed in an official filing on Thursday.

Japan's SoftBank sells 2.15% stake in Ola Electric

This sale involved nearly 9.5 crore shares and took place gradually between July 15 and September 2, 2025. The last leg of the sale triggered a reporting requirement under SEBI rules, as the stake cut crossed a 2% threshold.

What Happened to Ola Electric's Stock?

Following the announcement, Ola Electric's stock dropped by 7%, closing at Rs 64.49 on the NSE (National Stock Exchange). Although the news came just before market closing hours, it still had an immediate impact on investor sentiment.

But the SoftBank stake sale was not the only reason behind the fall. The market also reacted to a recent GST rate cut on petrol-powered two-wheelers (up to 350cc engines), which may make ICE scooters more affordable, putting some pressure on electric vehicle sales.

Ola Electric Share Price Today

As of 9:18 AM IST on September 5, 2025, shares of Ola Electric Mobility Limited were trading at Rs 63.80, reflecting a decline of Rs 0.70 or 1.09% from the previous closing price of Rs 64.50. The stock opened slightly lower at Rs 64.10 and touched an intraday high of Rs 64.72. The day's low so far has been Rs 62.60, indicating mild volatility in early trade.

Despite this dip, Ola Electric's stock has been on a strong upward trend. From a low of Rs 39.60 in mid-July, the share price had jumped nearly 73% by early September. This impressive comeback was mainly driven by investor confidence after Ola secured government approval under the Production Linked Incentive (PLI) scheme.

The PLI scheme, managed by India's Ministry of Heavy Industries, offers financial incentives of 13% to 18% on sales to companies that meet certain criteria. Ola Electric's Gen 3 S1 scooter range has been approved under this scheme by the Automotive Research Association of India (ARAI).

Why This Matters

All seven variants of Ola's latest S1 electric scooters are now covered under the PLI plan. These models make up more than half of the company's total sales, and with government support through 2028, Ola stands to gain significant cost advantages.

While SoftBank reducing its stake might raise some eyebrows, Ola's long-term prospects remain strong due to its inclusion in the PLI scheme, consistent product launches, and increasing adoption of electric vehicles in India.