OLA Electric listed in the primary markets with Zero listing gains, the IPO price and Listing price were the same, i.e., Rs.76, However, after listing the stock hit 20 percent Upper Circuit, and in 1 week, rallied to a high of Rs. 157.40, up 107.10 percent. Since making the high of Rs.157, the stock has nosedived, to trade below its listing price, and has declined 67 percent, and is currently trading around Rs. 52.
Factors to Keep in Mind Before Buying OLA Shares
The company’s market share has been continuously declining. In January 2024, it had a market share of 39 percent. from there in January 2025 it has come down to 25 percent. The February market share has declined to 11 percent from 25 percent because not all the vehicles were registered with the VAHAN portal. So the company will see an increase in their March market share.
Ola had decided to renegotiate their contracts with vehicle registration agencies, and has decided to shift the Vehicle registration in-house to cut costs. Rosmerta used to charge Rs. 1,500 – 1,800 to register one EV, Ola believes they can do it in just Rs. 300. But OLA Electric is yet to settle the dues of Rs. 17-18 Crore with Rosmerta.
The company has delayed the delivery of E-Bikes, which were to be delivered in March. Reports say that Ola Roadster X electric bikes have multiple issues with them like the battery pack, battery management system (BMS), the thermal management, and the electric Motor. And it could take several more months to fix the issues.
Vehicle Service and Breakdown Problems of the Ola Scooters have been well documented. With hordes of vehicles being parked in the service lot, and the government intervening to see any wrongdoings that could have been done by the company.
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Financial Highlights
The company reported a 19.36 percent YoY decrease in revenue from Rs. 1,296 Crore in Q3FY24 to Rs. 1,045 Crore in Q3FY25. On a QoQ basis, the company reported a decrease of 13.92 percent in revenue from Rs. 1,214 Crore in the previous quarter.
Their Net loss increased YoY from Rs. 376 Crore to Rs. 564 Crore for the same period. On a QoQ basis, the company reported a Net loss of Rs. 495 Crore in the previous quarter.
About the Company
Ola Electric Mobility, founded in 2017 by Bhavish Aggarwal, is a prominent Indian electric vehicle manufacturer headquartered in Bangalore, Karnataka. The company specializes in designing and producing electric two-wheelers, notably the Ola S1 series, which includes models like the S1 Air, S1 X, and S1 Pro. Their manufacturing facility, known as the Ola Future Factory, is located in Krishnagiri, Tamil Nadu.
Written By Abhishek Das
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