Ola Electric Shares Now 72% Down From 52-Week High as EV Maker Faces Financial & Competitive Pressure

Shares of Ola Electric Mobility Ltd continued to fall on Wednesday, July 2, 2025, trading at just Rs.41.33, down 1.64% from the previous close and hovering near their 52-week low of Rs. 41.30. The stock has now slumped nearly 72% from its 52-week high of Rs 157.53, which is now a big reason to worry among the retail and institutional investors.

With a market capitalisation of Rs. 18,216 crore, Ola Electric shares have faced relentless selling pressure in recent weeks.
Even though Ola Electric is facing tough times, the overall electric two-wheeler market in India is doing quite well. According to a report by Autocar Professional, in the first quarter of FY26 in April-June 2025 quarter, a total of 298,682 electric two-wheelers were sold. That's a 34% jump compared to 222,890 units sold in the same quarter last year. Between January and June 2025, e-scooter sales went up by 15% to 605,211 units.

According to VAHAN data, Ola Electric was the third-best seller of electric scooters in Q1 FY26, with 20,189 units sold, while TVS Motor Company took the top spot. In the overall ranking of electric vehicle makers (OEMs), Ola also came third, selling 58,534 scooters from April to June 2025.

This is a slight improvement from the previous quarter. In Q4 FY25 (January-March 2025), Ola Electric sold only 51,375 units, which was a big 55% drop from the 115,386 units it sold during the same time the previous year.

Ola electric Q4FY25 Result

On May 29th, In its earnings report for the quarter ending March 31, 2025, Ola Electric reported a consolidated net loss of Rs. 870 crore, more than double the Rs. 416 crore loss it posted in Q4 FY24. Revenue from operations fell steeply to Rs 611 crore in Q4 FY25 from Rs 1,508 crore a year earlier, a year-on-year drop of over 59%.

For the full financial year FY25, the company's revenue stood at Rs. 4,645 crore, down from Rs. 5,126 crore in FY24.
Following the Q4 FY25 earnings report, Kotak Institutional Equities downgraded Ola Electric shares to a 'SELL' rating, citing continued challenges. The broking said it expects EBITDA losses to persist due to weakening brand value and rising competition in the electric vehicle space. The broking added that Ola Electric's future growth depends heavily on scaling up volumes and the success of its upcoming electric motorcycles, both of which face management and credibility issues. The firm also cut its fair value estimate for the stock to Rs. 30, down from Rs. 50 earlier.

Will Ola Electric Rebound or Slide Further?

Since its debut on Dalal Street in August 2024, Ola Electric shares have underperformed significantly due to mounting losses, declining sales, and solid competition in the EV market. The near-term outlook for Ola Electric stock remains cautious. Investors and analysts are closely watching the company's FY26 strategy, especially with tightening competition from other EV makers in India.

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