Ola Electric Mobility Shares Plummet, What’s Happening.!?

Key Highlights

• Hyundai and Kia sell their stakes in Ola Electric Mobility.

• Share price of Ola Electric plummet by around 6%.

• Ola plans to focus on scaling revenue and operating leverage.

Ola Electric Mobility was listed on the NSE, which is the National Stock Exchange, last year in August. The listed share price was ₹76/- apiece. However, the situation has changed and share prices have plummeted. This is despite the EV company announcing the launch of its electric bike Roadster which, one can safely assume, is a dear child of Bhavish Aggarwal, Ola’s CEO.

Source: Ola Electric

Once known as a market leader, Ola Electric is now in a situation where it will have to take tough calls. Share prices are down, the crisis is doubling up, and competition is growing every month.

Ola Electric Mobility Shares Decline

Ola Electric’s shares declined to ₹45.35/- in April this year, marking a new 52-week low value on the trading board. Its share prices have made a decent recovery but the road to announcing good numbers is still far.

The most recent decline in its share values could be due to selling by Hyundai Motors and Kia Corporation. Hyundai has reportedly sold over 10.88 crore shares for a total value of ₹551.96 crore. This brings the average price to around ₹50.70 for a stake of 2.47%. Kia has sold comparatively fewer shares, which are 2.71 crore. Nonetheless, they represent a significant value of ₹137.55 crore with an average of ₹50.55 per share. Kia has offloaded a 0.62% stake in the company with this move.

Also Read: Roadster By Ola Electric: Features, Variants, and Price.

While Citigroup Global Markets Mauritius has bought 1.95% for ₹435 crore by acquiring 8.61 crore, the concern around the falling share price looms across the board. Its shares are currently trading at ₹49.64, slightly up from the previous close of ₹49.33 and within the day range of ₹48.80 - ₹50.20/-.

Crisis at Ola Electric

Ola Electric is still a household name - so is its crisis. The EV company is struggling in multiple areas like operational delays, dipping demand, and growing competition. What stands out is its recent controversial communication with the Ministry of Road Transport & Highways (MORTH).

The controversy pertains to the registration of vehicles before selling them to customers. According to a report by Economic Times, Ola Electric mentioned in its press release that the company sold 25,000 units in February 2025. This was later contradicted by Vahan data which stated that only 8,649 vehicles were registered during the said month.

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There is a major gap between Ola’s statement and Vahan’s data. Needless to say, Ola responded with a justification, explaining that it had confirmed orders of 25,207 units. This is where things went South for the Indian electric vehicle company.

MORTH was last seen expressing dissatisfaction over Ola’s justification and sought rather more adequate information. On April 07, 2025, Ola admitted to selling 9,206 vehicles with invoices generated in the same month, that is February 2025. However, the company delivered only 5,328 vehicles in the month.

Way Ahead

Case in point, Ola Electric Mobility has a lot to do apart from excessively promoting Roadster. The management has identified gaps and has said that it will focus on what’s important to revive the lost credibility in the market.

According to a statement by Ola’s Management, the company will work on scaling revenue and operating leverage along with research & development and strengthening the distribution network & service infrastructure.

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